1324 Murdock St · Bakersfield, CA 93307

$239,900

2 bd · 3.0 ba · 569 sqft · MultiFamily public records · 124 Days on market

Built 1945 3,484 sqft lot $422/sqft · 74% above area Est $243k · at est.

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.0/15.0
• Rent growth +3.9/5.0
• Schools +3.4/10.0
• Livability +2.9/5.0
• 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: 1 unit. estimate disagrees with records

Listing remarks MLS

great opportunity to purchase 3 units on one lot for awesome cashflow!

Key facts

• 3,484 sq ft lot
• Built 1945
• Listed 124 days

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath multifamily listed at $240k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $240k).
• Recommended offer: $211k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 3.6% in Bakersfield — 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 58/100 on livability (#716 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: health & safety D, schools D-, crime F.
• 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 (+5.7%/yr); 311 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• At $3,932/mo this rent would consume 84% of the median local household income ($56k/yr) (locally 3246% 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 + 5.7% rent growth), your $67k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 26 sale attempts since 20y 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

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $211,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 1.64% ✓
• Cap rate: 13.39%
• Cash-on-cash: 25.35%
• DSCR: 2.13
• GRM: 5.1

CMA / ARV

• ARV (median comp): $242,815
• List price: $239,900
• Delta: -1.20%
• Verdict: FAIR
• Comps: 11 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.71% rent growth · sell at horizon

5-year hold

• IRR: 22.0%
• Equity multiple: 1.93×
• Total profit: $62,603
• Equity at exit: $35,770

10-year hold

• IRR: 31.8%
• Equity multiple: 4.26×
• Total profit: $218,986
• 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 93307

• Rents YoY: 5.7%
• Active inventory: 311
• Price-to-rent: 15.3×

Monthly cashflow live

• Estimated rent: $3,932 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$329 /mo · $3,949/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$826
• Net cashflow: $1,419

Break-even live

Break-even rent $2,136

Max offer price $239,900

Occupancy floor 59%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$3,933
Total (3 units)			$3,932

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: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
345 Doctor Martin Luther King Junior Blvd Apt A Bakersfield, CA	2.0	1.0	750	$1,050	$1.40	2d	1	0.19mi
113 Bliss St Bakersfield, CA	1.0	1.0	500	$1,000	$2.00	2d	1	0.73mi
201 Truxtun Ave Unit B Bakersfield, CA	2.0	1.0	640	$1,100	$1.72	2d	1	1.18mi
200 Truxtun Ave Unit C Bakersfield, CA	1.0	1.0	643	$975	$1.52	2d	1	1.21mi
2006 Kentucky St Unit 25 Bakersfield, CA	1.0	1.0	650	$975	$1.50	2d	1	1.27mi
1417 Oregon St Unit B Bakersfield, CA	2.0	1.0	744	$1,475	$1.98	2d	1	1.34mi
1813 Oregon St Unit 1815-3 Bakersfield, CA	2.0	1.0	700	$1,050	$1.50	2d	1	1.41mi
515 Niles St Unit C Bakersfield, CA	1.0	1.0	624	$1,000	$1.60	2d	1	1.43mi
2190 Monterey St Unit 9 Bakersfield, CA	2.0	1.0	700	$1,050	$1.50	10d	1	1.48mi

Listing history 50 events

1. 2026-06-18
   days on market $239,900 Active 124 DOM
2. 2026-06-17
   days on market $239,900 Active 123 DOM
3. 2026-06-16
   days on market $239,900 Active 122 DOM
4. 2026-06-15
   days on market $239,900 Active 121 DOM
5. 2026-06-14
   pricedays on market $239,900 Active 119 DOM
6. 2026-06-10
   days on market $250,000 Active 116 DOM
7. 2026-06-09
   days on market $250,000 Active 115 DOM
8. 2026-06-08
   days on market $250,000 Active 114 DOM
9. 2026-06-07
   days on market $250,000 Active 113 DOM
10. 2026-06-05
    days on market $250,000 Active 110 DOM
11. 2026-06-03
    days on market $250,000 Active 109 DOM
12. 2026-06-03
    days on market $250,000 Active 108 DOM
13. 2026-06-01
    days on market $250,000 Active 107 DOM
14. 2026-05-31
    days on market $250,000 Active 106 DOM
15. 2026-03-30
    status Active 70-char remark

    Show marketing remark (70 chars)

    great opportunity to purchase 3 units on one lot for awesome cashflow!

16. 2026-03-05
    status Pending 70-char remark

    Show marketing remark (70 chars)

    great opportunity to purchase 3 units on one lot for awesome cashflow!

17. 2026-01-20
    listed $250,000 Active 70-char remark

    Show marketing remark (70 chars)

    great opportunity to purchase 3 units on one lot for awesome cashflow!

18. 2025-12-19
    historical
19. 2025-09-03
    status Active
20. 2025-08-22
    historical Active Under Contract
21. 2025-06-03
    status Active
22. 2025-05-20
    historical Active Under Contract
23. 2025-05-09
    listed $268,000 Active
24. 2025-01-13
    listed $324,999 Active
25. 2024-06-28
    status Pending Sale
26. 2024-06-28
    soldstatus $224,500 Closed Sale
27. 2024-06-28
    soldstatus $224,500 Sold
28. 2024-06-28
    soldstatus $224,500
29. 2024-06-27
    status Pending
30. 2024-06-27
    price $224,500
31. 2024-05-28
    historical Active Under Contract
32. 2024-05-28
    historical Active - Contingent
33. 2024-04-26
    listed $229,000 Active
34. 2024-04-26
    listed $229,000 Active
35. 2013-02-08
    soldstatus $37,000
36. 2013-02-08
    soldstatus $37,000
37. 2013-01-30
    historical
38. 2013-01-30
    price $39,900
39. 2013-01-11
    listed $37,000
40. 2013-01-08
    soldstatus $28,000
41. 2012-12-28
    historical
42. 2012-12-11
    listed $21,000
43. 2007-07-30
    historical
44. 2007-07-01
    historical
45. 2007-06-22
    listed $175,000
46. 2007-05-17
    listed $190,000
47. 2007-05-16
    historical
48. 2007-03-27
    listed $200,000
49. 2007-03-20
    historical
50. 2007-03-16
    historical

ⓘ 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: $3,949 · $329/mo
• Projected year-2 tax: $3,949 · $329/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 5/10 Major
• 🌡 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: $47,184
• − Mortgage interest: −$13,438
• − Property taxes: −$3,949
• − Insurance: −$1,200
• − Repairs & maintenance: −$3,775
• − Management: −$3,775
• − Depreciation: −$6,979
• Taxable income: $14,069
• Est. tax owed @ 24.0%: −$3,377
• After-tax cash flow: $13,654/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 — Bakersfield

• Score: 58/100
• State rank: #716
• US rank: #21355

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bakersfield, CA
• County: Kern County · 710,371 people
• City population: 499,124
• Metro: Bakersfield, CA
• Population (ZIP): 85,945
• Household income: $56,446
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 3246.0

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 (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 12% White 10% Black 6% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 73%
• Common ancestry: Lithuanian 0%
• Foreign-born: 31% · Canada
• Languages at home: 28% English-only · Spanish 69% Other Indo-European 1% Arabic 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: ▼ -263.59%
• Current HPI: 447.1746
• Rent YoY: ▲ 5.71%
• 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

+63.9% since first listed

63 events — show timeline

• 2026-03-30 Relisted — GEMLS
• 2026-03-05 Pending — GEMLS
• 2026-01-20 Listed $250,000 GEMLS
• 2025-12-19 Listing Removed — CRMLS
• 2025-09-03 Relisted — CRMLS
• 2025-08-22 Contingent — CRMLS
• 2025-06-03 Relisted — CRMLS
• 2025-05-20 Contingent — CRMLS
• 2025-05-09 Listed $268,000 CRMLS
• 2025-01-13 Listed $324,999 GEMLS
• 2024-06-28 Pending — CRMLS
• 2024-06-28 Sold (Public Records) $224,500 Public Records
• 2024-06-28 Sold (MLS) $224,500 GEMLS
• 2024-06-28 Sold (MLS) $224,500 CRMLS
• 2024-06-27 Pending — GEMLS
• 2024-06-27 Price Changed $224,500 GEMLS
• 2024-05-28 Contingent — CRMLS
• 2024-05-28 Contingent — GEMLS
• 2024-04-26 Listed $229,000 GEMLS
• 2024-04-26 Listed $229,000 CRMLS
• 2013-02-08 Sold (Public Records) $37,000 Public Records
• 2013-02-08 Sold (MLS) $37,000 GEMLS
• 2013-01-30 Price Changed $39,900 GEMLS
• 2013-01-30 Delisted — GEMLS
• 2013-01-11 Listed $37,000 GEMLS
• 2013-01-08 Sold (MLS) $28,000 CRMLS
• 2012-12-28 Listing Removed — CRMLS
• 2012-12-11 Listed $21,000 CRMLS
• 2007-07-30 Listing Removed — CRMLS
• 2007-07-01 Listing Removed — CRMLS
• 2007-06-22 Listed $175,000 CRMLS
• 2007-05-17 Listed $190,000 CRMLS
• 2007-05-16 Listing Removed — CRMLS
• 2007-03-27 Listed $200,000 CRMLS
• 2007-03-20 Listing Removed — CRMLS
• 2007-03-16 Listing Removed — CRMLS
• 2007-02-02 Listed $200,000 CRMLS
• 2007-01-06 Listing Removed — CRMLS
• 2007-01-03 Listed $199,999 CRMLS
• 2006-12-31 Listing Removed — CRMLS
• 2006-12-02 Listing Removed — CRMLS
• 2006-12-02 Listed $175,000 CRMLS
• 2006-12-02 Listed $190,000 CRMLS
• 2006-12-01 Listing Removed — CRMLS
• 2006-11-11 Listed $190,000 CRMLS
• 2006-11-11 Listed $195,000 CRMLS
• 2006-11-01 Listing Removed — CRMLS
• 2006-09-28 Listed $205,000 CRMLS
• 2006-09-19 Listing Removed — CRMLS
• 2006-09-18 Listing Removed — CRMLS
• 2006-07-19 Listed $200,000 CRMLS
• 2006-07-18 Listed $215,000 CRMLS
• 2006-07-01 Listing Removed — CRMLS
• 2006-06-30 Listing Removed — CRMLS
• 2006-06-02 Listed $220,000 CRMLS
• 2006-06-01 Listed $250,000 CRMLS
• 2006-05-25 Listing Removed — CRMLS
• 2006-04-26 Price Changed $149,900 GEMLS
• 2006-04-24 Listed $250,000 CRMLS
• 2006-04-21 Sold (Public Records) $152,500 Public Records
• 2006-04-21 Sold (MLS) $152,500 GEMLS
• 2006-01-26 Delisted — GEMLS
• 2006-01-13 Listed $152,500 GEMLS

Property tax history

+7.8%/yr

Latest (2025): $3,949 · +101.7% YoY. Source: county tax records.