424 N Alvord St · Ridgecrest, CA 93555

$155,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 20 Days on market

Built 1952 7,841 sqft lot $161/sqft · 12% below area Est $176k · 12% under

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Why this score? — see what drove the D 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).

• ARV discount +12.9/15.0
• Cash flow +12.2/30.0
• DSCR +3.6/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• 1% rule +2.9/10.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1-bathroom home offers 960 sq ft of comfortable living space and a 2-car garage in a convenient central location. This property provides the essentials for everyday comfort. The spacious backyard offers plenty of room for outdoor entertaining, gardening, or future expansion. Perfect for a growing family or savvy investors looking to start or expand their portfolio. This home combines value, potential, and location. Close to local amenities, schools, and shopping, it's an opportunity you won't want to miss!

Key facts

• Spacious backyard
• Outdoor entertaining
• Central location

Tags

• CENTRAL LOCATION
• SPACIOUS BACKYARD
• OUTDOOR ENTERTAINING
• LOCAL AMENITIES
• SCHOOLS
• SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-30 ($-358/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (3.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (20.6% below list).
• Recommended offer: $123k (20.6% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.0% in Ridgecrest — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#243 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities D+, cost of living D+, crime F.
• Sierra Sands Unified (town): math 25% / reading 39% proficiency, ranked #294 of 517 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Las Flores Elementary (math 35% / reading 44%, grade F, #621 of 1,571 statewide, top 42%, 526 students, 38% FRL); James Monroe Middle (math 16% / reading 29%, grade F, #382 of 498 statewide, top 78%, 548 students, 49% FRL); Burroughs High (math 37% / reading 70%, grade C-, #281 of 1,170 statewide, top 24%, 1,479 students, 40% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 332 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• This rent is only 17% of the median local income ($87k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.
• Current owner paid $74k; list at $155k implies a 109% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,108 (20.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.83%
• DSCR: 0.96
• GRM: 10.5

CMA / ARV

• ARV (median comp): $175,985
• List price: $155,000
• Delta: -11.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
424 N Alvord St	0.00mi	3/1.0	960 (0%)	1mo	$148,000	$154	100
304 N Helena St	0.19mi	3/1.0	960 (0%)	3mo	$175,000	$182	88
424 N Warner St	0.06mi	3/1.0	1,002 (+4%)	3mo	$140,000	$140	87
233 N Alvord St	0.26mi	3/1.0	960 (0%)	7mo	$188,500	$196	82
432 N Warner St	0.06mi	2/1.0 (-1)	1,002 (+4%)	5mo	$94,000	$94	81
241 W French Ave	0.31mi	3/2.0	960 (0%)	6mo	$209,000	$218	77
421 N Helena St	0.09mi	2/1.0 (-1)	864 (-10%)	0mo	$162,500	$188	74
309 N FAIRVIEW St	0.19mi	3/2.0	1,030 (+7%)	2mo	$200,000	$194	73
417 Argus Ave	0.25mi	3/2.0	1,017 (+6%)	8mo	$172,500	$170	68
729 N Sanders St	0.41mi	2/1.0 (-1)	986 (+3%)	6mo	$169,000	$171	66
333 N Florence St	0.18mi	2/1.0 (-1)	1,062 (+11%)	6mo	$190,000	$179	64
429 W Church Ave	0.74mi	2/1.5 (-1)	946 (-2%)	5mo	$154,400	$163	52

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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -17.1%
• Equity multiple: 0.39×
• Total profit: $-26,320
• Equity at exit: $23,111

10-year hold

• IRR: -8.1%
• Equity multiple: 0.48×
• Total profit: $-22,465
• Equity at exit: $13,402

Cash invested: $43,400 (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 93555

• Home prices YoY: -24.0%
• Rents YoY: 3.6%
• Active inventory: 332
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,231 high
• Mortgage (P&I): −$813
• Tax from tax record: −$125 /mo · $1,500/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $-30

Break-even live

Break-even rent $1,269

Max offer price $149,724

Occupancy floor 97%

Sensitivity live

Price	-10% $58	-5% $14	+0% $-30	+5% $-74	+10% $-118
Rent	-10% $-127	-5% $-78	+0% $-30	+5% $19	+10% $67
Rate	-1.0pp $48	-0.5pp $10	base $-30	+0.5pp $-70	+1.0pp $-111

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
332 N Alvord St Unit 332 Ridgecrest, CA	3.0	2.0	1100	$1,100	$1.00	45d	1	0.09mi
332 N Alvord St Unit A Ridgecrest, CA	2.0	2.0	1000	$950	$0.95	25d	1	0.09mi
201 N Alvord St Apt E Ridgecrest, CA	2.0	1.0	768	$925	$1.20	4d	1	0.34mi
833 N Sanders St Apt A Ridgecrest, CA	2.0	1.0	850	$925	$1.09	4d	1	0.52mi
201 Drummond Ave Unit 239 Ridgecrest, CA	2.0	2.0	1080	$1,500	$1.39	4d	1	0.55mi
201 Drummond Ave Unit 217 Ridgecrest, CA	2.0	2.0	1080	$1,000	$0.93	4d	1	0.55mi
135 S Norma St Apt A Ridgecrest, CA	2.0	1.0	810	$975	$1.20	4d	1	0.60mi
139 S Norma St Unit B Ridgecrest, CA	2.0	1.0	810	$950	$1.17	4d	1	0.62mi
401 Oasis Dr Ridgecrest, CA	2.0–4.0	1.0–2.0	982	$1,035	$1.05	4d	7	0.64mi
238 N Gold Canyon St Unit C537A Ridgecrest, CA	3.0	1.0	1030	$1,445	$1.40	4d	1	0.70mi
238 N Gold Canyon St Unit C533 Ridgecrest, CA	2.0	1.0	825	$1,245	$1.51	4d	1	0.70mi
311 W Church Ave Unit B Ridgecrest, CA	2.0	1.0	780	$1,475	$1.89	4d	1	0.71mi
412 Palm Dr Ridgecrest, CA	3.0	1.0	1014	$1,250	$1.23	23d	1	0.72mi
235 W Robertson Rd Ridgecrest, CA	2.0	1.0	725	$1,250	$1.72	4d	1	0.77mi
219 W Robertson Rd Ridgecrest, CA	3.0	1.0	955	$1,200	$1.26	20d	1	0.78mi
228 S Gemstone St Unit B Ridgecrest, CA	2.0	1.0	891	$1,000	$1.12	4d	1	0.80mi
308 W Wilson Ave Apt B Ridgecrest, CA	2.0	1.0	880	$1,275	$1.45	4d	1	0.80mi
424 W Wilson Ave Unit A Ridgecrest, CA	2.0	1.0	900	$995	$1.11	4d	1	0.82mi
430 W Wilson Ave Ridgecrest, CA	3.0	1.0	1080	$1,350	$1.25	4d	1	0.83mi
401 Cisco St Unit R416A Ridgecrest, CA	3.0	1.0	1017	$818	$0.80	4d	1	0.83mi
401 Cisco St Unit C405A Ridgecrest, CA	3.0	1.0	1017	$940	$0.92	4d	1	0.83mi
539 Sydnor Ave Ridgecrest, CA	2.0	1.0	1053	$1,200	$1.14	16d	1	0.85mi
327 W Haloid Ave Ridgecrest, CA	2.0	1.5	800	$1,100	$1.38	4d	1	0.90mi
413 S Sunset St Unit C Ridgecrest, CA	2.0	1.0	900	$1,050	$1.17	4d	1	0.93mi
519 E Ridgecrest Blvd Unit A Ridgecrest, CA	2.0	1.5	832	$1,400	$1.68	4d	1	0.96mi
141 W Upjohn Ave Unit 109 Ridgecrest, CA	2.0	2.0	1000	$1,100	$1.10	4d	1	0.99mi
619 E Ridgecrest Blvd Unit B Ridgecrest, CA	2.0	2.0	950	$995	$1.05	4d	1	1.07mi
629 E Ridgecrest Blvd Unit I Ridgecrest, CA	2.0	1.0	860	$1,000	$1.16	4d	1	1.10mi
121 N Gateway Blvd Ridgecrest, CA	2.0–3.0	1.5–2.5	1147	$1,399	$1.22	4d	4	1.23mi
707 S Norma St Ridgecrest, CA	2.0	1.0	950	$1,000	$1.05	4d	1	1.25mi
736 Commercial Ave Unit A Ridgecrest, CA	2.0	1.0	900	$850	$0.94	4d	1	1.25mi
737 Commercial Ave Unit B Ridgecrest, CA	2.0	1.0	720	$800	$1.11	4d	1	1.26mi
840 E Ridgecrest Blvd Ridgecrest, CA	1.0–2.0	1.0	744	$1,250	$1.68	4d	5	1.32mi
736 S Norma St Unit C Ridgecrest, CA	2.0	1.0	800	$1,000	$1.25	4d	1	1.33mi
832 Commercial Ave Unit B Ridgecrest, CA	2.0	1.0	1000	$1,025	$1.02	4d	1	1.34mi
824 S Norma St Unit 848B Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	25d	1	1.36mi
824 S Norma St Unit 832A Ridgecrest, CA	3.0	2.0	925	$1,650	$1.78	4d	1	1.36mi
824 S Norma St Unit 804B Ridgecrest, CA	2.0	2.0	850	$1,550	$1.82	4d	1	1.36mi
824 S Norma St Unit 848A Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	4d	1	1.36mi
741 S Allen St Unit B Ridgecrest, CA	2.0	1.0	700	$950	$1.36	45d	1	1.36mi

Listing history 10 events

1. 2026-05-05
   status Pending 527-char remark

   Show marketing remark (527 chars)

   This 3-bedroom, 1-bathroom home offers 960 sq ft of comfortable living space and a 2-car garage in a convenient central location. This property provides the essentials for everyday comfort. The spacious backyard offers plenty of room for outdoor entertaining, gardening, or future expansion. Perfect for a growing family or savvy investors looking to start or expand their portfolio. This home combines value, potential, and location. Close to local amenities, schools, and shopping, it's an opportunity you won't want to miss!

2. 2026-04-16
   listed $155,000 Active 527-char remark

   Show marketing remark (527 chars)

   This 3-bedroom, 1-bathroom home offers 960 sq ft of comfortable living space and a 2-car garage in a convenient central location. This property provides the essentials for everyday comfort. The spacious backyard offers plenty of room for outdoor entertaining, gardening, or future expansion. Perfect for a growing family or savvy investors looking to start or expand their portfolio. This home combines value, potential, and location. Close to local amenities, schools, and shopping, it's an opportunity you won't want to miss!

3. 2025-10-30
   historical $1,200
4. 2025-09-05
   listed $1,200
5. 2025-07-16
   historical $1,200
6. 2025-05-01
   listed $1,200
7. 2019-07-23
   soldstatus $74,000
8. 2009-11-30
   soldstatus $98,000
9. 2005-08-12
   soldstatus $112,000
10. 1987-06-10
    soldstatus $55,000

ⓘ 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: $1,500 · $125/mo
• Projected year-2 tax: $1,500 · $125/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,773
• − Mortgage interest: −$8,682
• − Property taxes: −$1,500
• − Insurance: −$775
• − Repairs & maintenance: −$1,182
• − Management: −$1,182
• − Depreciation: −$4,509
• Taxable loss: −$3,057
• Est. tax savings @ 24.0%: +$734
• After-tax cash flow: $375/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: Sierra Sands Unified
• NCES district ID: 0636800
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 39% ▼ -11.00%
• Median HH income: $58,937
• Composite: 28.66/100
• National rank: #6699
• State rank: #294 of 517 in CA

Livability — Ridgecrest

• Score: 70/100
• State rank: #243
• US rank: #8014

Category grades

Amenities D+ Commute A+ Cost of living D+ Crime F Employment B- Housing A+ Health & safety F User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgecrest, CA
• County: Kern County · 710,371 people
• City population: 33,845
• Metro: Bakersfield, CA
• Population (ZIP): 33,845
• Household income: $86,700
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 975.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 20% Two or more races 12% Black 4% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 1% Other Asian/Pacific 1%

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: ▼ -120.17%
• Current HPI: 380.5208
• Rent YoY: ▲ 3.58%
• 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

+181.8% since first listed

10 events — show timeline

• 2026-05-05 Pending — SSMLS
• 2026-04-16 Listed $155,000 SSMLS
• 2025-10-30 Rental Removed $1,200 APPFOLIO
• 2025-09-05 Listed for Rent $1,200 APPFOLIO
• 2025-07-16 Rental Removed $1,200 APPFOLIO
• 2025-05-01 Listed for Rent $1,200 APPFOLIO
• 2019-07-23 Sold (Public Records) $74,000 Public Records
• 2009-11-30 Sold (Public Records) $98,000 Public Records
• 2005-08-12 Sold (Public Records) $112,000 Public Records
• 1987-06-10 Sold (Public Records) $55,000 Public Records

Property tax history

+5.4%/yr

Latest (2025): $1,500 · +4.8% YoY. Source: county tax records.