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Property profile & analytics
OFF-MARKET
Estimated value
$8,590,000
Apartment buildings
1015 O St Bakersfield, CA 93304-1488
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2299232
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Construction
WOOD
Total area
45,562 SF
Lot
1.6 ac (69,696 SF)
APN
009-530-03-00-6
UPID
US09-2299232
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
-
California Ave Senior Housing Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.44M
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$8.59M
Owner & transaction history
California Ave Senior Hsng LP · 5 yrs held
California Ave Senior Hsng LP
since 2020
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.4M
+70.3%
Office building
$8.9M
+44.6%
Auto repair, garage
$7.3M
+18.6%
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%
$9,140,000
6.5%
$8,435,000
7%
$7,835,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,120,000
Current use
MEDICAL BUILDING
$10,415,000
Change: +70% · Conversion: Moderate
OFFICE BUILDING
$8,850,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,255,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$6,610,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,145,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$8.59M
Range $7.73M – $9.45M · ±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
$189 / 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
$39,369
Tax year 2023
Assessed value
$8,476,891
Assessed 2023
Previous assessed
$8,476,891
+0.0% YoY
Effective rate
0.46%
On assessed value
Assessed land
$1,085,266
Assessed improvement
$7,391,625
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
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
3
Units
60
Total area
45,562 SF
Lot
1.6 ac (69,696 SF)
APN
009-530-03-00-6
UPID
US09-2299232
Jurisdiction
KERN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$10.4M
OFFICE BUILDING
Est. value
$8.9M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
60
Lot
1.6 ac
Current owner
From public records · entity-resolved
California Ave Senior Hsng LP
Entity
Mailing address
1015 O ST, BAKERSFIELD, CA 93304-1488
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
—
California Ave Senior Hsng LP
—
Deed
related
$6,180,000 · Orix R/e Cap
—
—
California Ave Senior Hsng LP
—
Deed Of Trust
related
$6,180,000 · Orix R/e Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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