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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Apartment buildings
132 L St Bakersfield, CA 93304-3168
Entity Owned
4-yr Hold
Property ID
US10-3241941
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
20,160 SF
Lot
1.59 ac (69,260 SF)
Zoning code
R3
APN
010-321-31-00-3
UPID
US10-3241941
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$2.58M
Owner & transaction history
132 L Street LLC · 4 yrs held
132 L Street LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
R3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.9M
+44.6%
Auto repair, garage
$3.2M
+18.6%
Retail stores
$2.9M
+8.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bakersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bakersfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,245,000
ML approach
$2,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,705,000
Current use
OFFICE BUILDING
$3,915,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,210,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$2,925,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,720,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10% · vs last sale $2.68M (Jan 24 2022)
Last sale anchor
$2.68M
Jan 24 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,408
Tax year 2023
Assessed value
$2,728,500
Assessed 2023
Previous assessed
$2,728,500
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$424,320
Assessed improvement
$2,304,180
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
33
Total area
20,160 SF
Lot
1.59 ac (69,260 SF)
Zoning code
R3
APN
010-321-31-00-3
UPID
US10-3241941
Jurisdiction
KERN
Zoning & alternative use
R3 · Bakersfield, CA
Zoning R3 · permitted uses
R3 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
33
Lot
1.59 ac
Current owner
From public records · entity-resolved
132 L Street LLC
Entity
Mailing address
2249 CANYONBACK RD, LOS ANGELES, CA 90049-1178
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
$2,675,000
132 L Street LLC
Linden L Properties LLC
Grant Deed
$2,006,250 · Valley Strong Cu
Jun 13, 2017
—
Linden L Properties LLC
—
Deed
related
$1,200,000 · Beneficial State Bank
Mar 17, 2017
$1,650,000
Linden L Properties LLC
Rogelio Rangel
Grant Deed
$960,000 · Northern California Mortgage Fund X
Sep 28, 2006
—
Rogelio Rangel
Rangel,cergio
Quit Claim Deed
related
—
Nov 16, 2004
—
Cergio Rangel
Rangel,yolanda
Quit Claim Deed
related
—
Nov 16, 2004
$1,350,000
Rogelio Rangel
Helsel Parreira Properties
Grant Deed
$945,000 · United Commercial Bank
Apr 13, 2004
$440,000
Helsel Parreira Properties LLC
Beeghly,andrew & Kathleen M
Grant Deed
—
Apr 13, 2001
$550,000
Beeghly W A
Day,david B & Sandra H
Grant Deed
$500,000 · David B & Sandra H
Jul 31, 1976
$286,000
David B Day
—
Grant Deed
related
—
—
—
Rogelio Rangel
—
Deed Of Trust
related
$917,000 · United Commercial Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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