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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Apartment buildings
1001 Columbus St Bakersfield, CA 93301-1181
Entity Owned
9-yr Hold
Property ID
US09-0256388
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
24,356 SF
Lot
1.44 ac (62,726 SF)
Zoning code
R-3
APN
119-121-24-00-7
UPID
US09-0256388
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
Current use
Occupant on record · Public records
-
Royal Palms Apartments Apartment Building
-
Golden West Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.43M
Owner & transaction history
Royal Palms West LLC · 9 yrs held
Royal Palms West LLC
since 2017
7 recorded transactions
Zoning & alternative use
R-3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,940,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,425,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10%
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
$100 / 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
$25,857
Tax year 2023
Assessed value
$1,561,722
Assessed 2023
Previous assessed
$1,561,722
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$175,134
Assessed improvement
$1,386,588
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
1973
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
24
Total area
24,356 SF
Lot
1.44 ac (62,726 SF)
Zoning code
R-3
APN
119-121-24-00-7
UPID
US09-0256388
Jurisdiction
KERN
Zoning & alternative use
R-3 · Bakersfield, CA
Zoning R-3 · permitted uses
R-3 · 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
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
COMMERCIAL (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
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
24
Lot
1.44 ac
Current owner
From public records · entity-resolved
Royal Palms West LLC
Entity
Mailing address
114 N POINSETTIA AVE, COMPTON, CA 90221-2812
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2017
$1,400,000
Royal Palms West LLC
Riat,balwinder
Grant Deed
$1,112,000 · Cbre Cap Markets
Jun 10, 2014
—
Balwinder Riat
Riat,paramjit
Quit Claim Deed
related
—
Jun 10, 2014
$1,325,000
Balwinder Riat
Golden West Apartments LLC
Grant Deed
$861,250 · Bofi Federal Bank
Sep 3, 2004
$1,575,000
Golden West Apartments LLC
Pacific Entertainment
Grant Deed
$860,000 · Luther Burbank Savings & Loan
Sep 3, 2004
$250,000
Entertainment Pacific
Castillo,juan H & Sally J
Grant Deed
related
—
Nov 22, 1999
$42,500
Entertainment Pacific
Pacific Entertainment
Grant Deed
related
$85,000 · Individual
Aug 5, 1998
$535,000
Entertainment Pacific
Christian Community Foundation
Grant Deed
$418,500 · Wells Fargo Bank
—
—
Golden West Apartments LLC
—
Deed Of Trust
related
$1,153,000 · Vineyard 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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