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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Apartment buildings
1006 Princeton Ave Bakersfield, CA 93305-1143
Individually Owned
Property ID
US09-2694479
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD
Total area
7,044 SF
Lot
0.38 ac (16,552 SF)
Zoning code
R-3
APN
021-320-11-00-8
UPID
US09-2694479
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
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.01M
Owner & transaction history
David W West
David W West
since 2026
7 recorded transactions
Zoning & alternative use
R-3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+112.8%
Office building
$1.5M
+96.5%
Auto repair, garage
$1.1M
+48.2%
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%
$1,415,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$755,000
Current use
MEDICAL BUILDING
$1,610,000
Change: +113% · Conversion: Moderate
OFFICE BUILDING
$1,485,000
Change: +97% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,120,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$915,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$845,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$143 / 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
$14,895
Tax year 2023
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$1,000,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$100,000
Assessed improvement
$900,000
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
1958
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
10
Total area
7,044 SF
Lot
0.38 ac (16,552 SF)
Zoning code
R-3
APN
021-320-11-00-8
UPID
US09-2694479
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$755,000
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1958
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
10
Lot
0.38 ac
Current owner
From public records · entity-resolved
David W West
Individual
Mailing address
15531 DOMART AVE NORWALK
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2026
—
David W West
Jennifer Berard West
Deed
—
Jan 29, 2026
$1,050,000
David W West
Gk Properties 12 LLC
Grant Deed
$715,000 · Bank Of The Sierra
Sep 28, 2022
—
Gk Properties 12 LLC
Gregory Michael Andersen
Intrafamily Transfer
related
$660,000 · Provident Savings Bank
Sep 23, 2021
—
Gregory Michael Andersen
Janell Lynett Land
Grant Deed
—
Jun 4, 2020
—
Harold D Andersen
—
Deed
related
$536,250 · Axos Bank
Mar 6, 2020
$900,000
Andersen Trust
Annuity R & M P C R Trust
Grant Deed
—
Oct 1, 2019
—
Annuity Ralph & Mary P C R Trust
Poehner,ralph H & Mary E
Quit Claim Deed
related
—
Sep 28, 1989
$190,000
Ralph H Poehner
Great,western Ba
Grant Deed
$171,000 · Great Western Bank
Apr 7, 1989
$147,950
Great Western Ba
Schimnowski,dona
Trustees Deed
related
—
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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