1814 Virginia St · East Bakersfield, CA 93305

$239,900

6 bd · 4.0 ba · 2,849 sqft · MultiFamily public records

Built 2017 3,920 sqft lot Est $259k · 7% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.3/30.0
• ARV discount +10.9/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Rent growth +4.2/5.0
• Schools +3.4/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

This duplex was built in 2017, this property features 6 bedrooms 4 bathrroms and 2,849 sq ft of living space.

Key facts

• 3,920 sq ft lot
• Built 2017

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $240k.

Deal economics

• At list price, monthly cash flow is $767 ($9k/yr) — positive. Per door: $383/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Kern High (urban): math 21% / reading 51% proficiency, ranked #860 of 1,400 in CA (top 61%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.8%/yr); 143 active listings in the ZIP; lower-income renter base — watch delinquency; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• At $3,212/mo this rent would consume 89% of the median local household income ($43k/yr) (locally 2376% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $67k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,900

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.34% ✓
• Cap rate: 10.13%
• Cash-on-cash: 13.69%
• DSCR: 1.61
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $259,259
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1529 Palm Dr	0.37mi	7/3.0 (+1)	2,761 (-3%)	18mo	$250,000	$91	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.79% rent growth · sell at horizon

5-year hold

• IRR: 8.3%
• Equity multiple: 1.34×
• Total profit: $22,782
• Equity at exit: $35,770

10-year hold

• IRR: 20.7%
• Equity multiple: 3.08×
• Total profit: $139,599
• Equity at exit: $20,742

Cash invested: $67,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 93305

• Home prices YoY: -29.9%
• Rents YoY: 6.8%
• Active inventory: 143
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $3,212 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$413 /mo · $4,955/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$675
• Net cashflow: $767

Break-even live

Break-even rent $2,242

Max offer price $239,900

Occupancy floor 71%

Sensitivity live

Price	-10% $902	-5% $834	+0% $767	+5% $699	+10% $631
Rent	-10% $513	-5% $640	+0% $767	+5% $893	+10% $1,020
Rate	-1.0pp $887	-0.5pp $828	base $767	+0.5pp $704	+1.0pp $641

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$3,212
Total (2 units)			$3,212

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2025-05-29
   historical
2. 2020-08-06
   soldstatus $240,000 109-char remark

   Show marketing remark (108 chars)

   This duplex was built in 2017, this property features 6 bedrooms, 4 bathrooms, and 2,849 sq of living space.

3. 2020-08-06
   soldstatus $240,000 Sold 108-char remark

   Show marketing remark (108 chars)

   This duplex was built in 2017, this property features 6 bedrooms, 4 bathrooms, and 2,849 sq of living space.

4. 2020-08-06
   soldstatus $240,000

   Show marketing remark (108 chars)

   This duplex was built in 2017, this property features 6 bedrooms, 4 bathrooms, and 2,849 sq of living space.

5. 2020-06-17
   status Pending 108-char remark

   Show marketing remark (108 chars)

   This duplex was built in 2017, this property features 6 bedrooms, 4 bathrooms, and 2,849 sq of living space.

6. 2020-04-08
   listed $239,900

   Show marketing remark (108 chars)

   This duplex was built in 2017, this property features 6 bedrooms, 4 bathrooms, and 2,849 sq of living space.

7. 2020-04-08
   listed $239,900 109-char remark

   Show marketing remark (108 chars)

   This duplex was built in 2017, this property features 6 bedrooms, 4 bathrooms, and 2,849 sq of living space.

8. 2020-04-08
   listed $239,900 Active 108-char remark

   Show marketing remark (108 chars)

   This duplex was built in 2017, this property features 6 bedrooms, 4 bathrooms, and 2,849 sq of living space.

9. 2019-01-10
   price $210,000
10. 2019-01-07
    soldstatus $210,000 Sold
11. 2018-11-21
    status Pending
12. 2018-11-20
    price $220,000
13. 2018-10-25
    listed $220,000 Active
14. 2018-08-02
    price $229,000
15. 2018-06-05
    price $239,000
16. 2017-09-14
    historical
17. 2017-09-14
    historical
18. 2017-07-11
    listed $259,000 Active
19. 2017-07-10
    listed $259,000
20. 2017-06-05
    price $269,900
21. 2017-05-22
    price $269,999
22. 2017-05-18
    price $299,999
23. 2016-06-01
    price $20,000
24. 2016-05-31
    soldstatus $20,000 Sold
25. 2016-05-31
    soldstatus $20,000
26. 2016-05-20
    historical
27. 2016-05-19
    price $24,000
28. 2016-04-20
    price $24,000
29. 2016-04-04
    price $27,500
30. 2016-02-25
    listed $32,500 Active
31. 2015-06-18
    soldstatus $8,900
32. 2015-04-17
    historical
33. 2015-04-17
    price $14,900
34. 2015-01-21
    listed $8,900
35. 1986-07-28
    soldstatus $22,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $4,955 · $413/mo
• Projected year-2 tax: $4,955 · $413/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 39 unhealthy d/yr today · 45 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,544
• − Mortgage interest: −$13,438
• − Property taxes: −$4,955
• − Insurance: −$1,200
• − Repairs & maintenance: −$3,084
• − Management: −$3,084
• − Depreciation: −$6,979
• Taxable income: $5,806
• Est. tax owed @ 24.0%: −$1,393
• After-tax cash flow: $7,805/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Kern High
• NCES district ID: 0619540
• Math proficiency: 21% ▬ 0.00%
• Reading proficiency: 51% ▲ 2.00%
• Median HH income: $49,686
• Composite: 33.68/100
• National rank: #10443
• State rank: #860 of 1400 in CA

Livability — East Bakersfield

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: East Bakersfield, CA
• County: Kern County · 710,371 people
• Metro: Bakersfield, CA
• Population (ZIP): 37,714
• Household income: $43,244
• Rent vs Own: 65.8% rent · 34.2% own
• Severe rent burden: 2376.0

Population outlook (Kern County) Hauer SSP2

• Today (2025): 947,286 people
• By 2030: 978,984 · +3.3%
• By 2040: 1,045,018 · +10.3%
• By 2050: 1,105,232 · +16.7%
• By 2075: 1,229,538 · +29.8%
• By 2100: 1,238,059 · +30.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% Two or more races 18% White 16% Black 5% Native American 3%
• Hispanic origin (detail): Mexican 69% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Serbian 1% Dutch 1%
• Foreign-born: 22% · Canada
• Languages at home: 45% English-only · Spanish 54%

Political lean MEDSL · Kern

• 2024 margin: Strong R (+21.1) · D 38.2% · R 59.3% · Other 2.5%
• 2008→2024 swing: -3.3pp toward R · 2008: -17.8pp · 2024: -21.1pp
• All cycles: 2024: R+21.1 2020: R+10.2 2016: R+15.0 2012: R+20.9 2008: R+17.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.24%
• Current HPI: 424.6051
• Rent YoY: ▲ 6.79%
• Metro: Bakersfield, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+990.9% since first listed

35 events — show timeline

• 2025-05-29 Delisted — KCBOR
• 2020-08-06 Sold (Public Records) $240,000 Public Records
• 2020-08-06 Sold (MLS) $240,000 GEMLS
• 2020-08-06 Sold (MLS) $240,000 FRESNOMLS
• 2020-06-17 Pending — GEMLS
• 2020-04-08 Listed $239,900 GEMLS
• 2020-04-08 Listed $239,900 FRESNOMLS
• 2020-04-08 Listed $239,900 KCBOR
• 2019-01-10 Price Changed $210,000 GEMLS
• 2019-01-07 Sold (MLS) $210,000 GEMLS
• 2018-11-21 Pending — GEMLS
• 2018-11-20 Price Changed $220,000 GEMLS
• 2018-10-25 Listed $220,000 GEMLS
• 2018-08-02 Price Changed $229,000 GEMLS
• 2018-06-05 Price Changed $239,000 GEMLS
• 2017-09-14 Listing Removed — SDMLS
• 2017-09-14 Listing Removed — CRMLS
• 2017-07-11 Listed $259,000 CRMLS
• 2017-07-10 Listed $259,000 SDMLS
• 2017-06-05 Price Changed $269,900 GEMLS
• 2017-05-22 Price Changed $269,999 GEMLS
• 2017-05-18 Price Changed $299,999 GEMLS
• 2016-06-01 Price Changed $20,000 GEMLS
• 2016-05-31 Sold (Public Records) $20,000 Public Records
• 2016-05-31 Sold (MLS) $20,000 GEMLS
• 2016-05-20 Delisted — GEMLS
• 2016-05-19 Price Changed $24,000 GEMLS
• 2016-04-20 Price Changed $24,000 GEMLS
• 2016-04-04 Price Changed $27,500 GEMLS
• 2016-02-25 Listed $32,500 GEMLS
• 2015-06-18 Sold (MLS) $8,900 GEMLS
• 2015-04-17 Price Changed $14,900 GEMLS
• 2015-04-17 Delisted — GEMLS
• 2015-01-21 Listed $8,900 GEMLS
• 1986-07-28 Sold (Public Records) $22,000 Public Records

Property tax history

+25.8%/yr

Latest (2025): $4,955 · +2.2% YoY. Source: county tax records.