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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
113 Hopkins Ave Bakersfield, CA 93308-4804
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0120010
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1926
Construction
WOOD
Total area
2,430 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R-2
APN
119-110-06-00-5
UPID
US09-0120010
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
-
Professional Tax IRS Debt Relief - Edison Tax Department
-
Best Tax Debt Resolution - Saco Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$386k
Blend (final)
Blend
$590k
Owner & transaction history
Carlos Martinez · 1 yrs held
Carlos Martinez
since 2024
Last sale
$590,000
7 recorded transactions
Zoning & alternative use
R-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$840,000
+189.6%
Medical building
$555,000
+92.0%
Office building
$515,000
+77.3%
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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$420,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +190% · Conversion: Difficult
MEDICAL BUILDING
$555,000
Change: +92% · Conversion: Moderate
OFFICE BUILDING
$515,000
Change: +77% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $590k (Oct 8 2024)
Last sale anchor
$590k
Oct 8 2024
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
$243 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,100
Tax year 2024
Assessed value
$455,000
Assessed 2024
Previous assessed
$455,000
+0.0% YoY
Effective rate
2.66%
On assessed value
Assessed land
$55,000
Assessed improvement
$400,000
Applied tax rate
57.0000
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
1926
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
EVAPORATIVE
Stories
1
Units
8
Total area
2,430 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R-2
APN
119-110-06-00-5
UPID
US09-0120010
Jurisdiction
KERN
Zoning & alternative use
R-2 · Bakersfield, CA
Zoning R-2 · permitted uses
R-2 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
MEDICAL BUILDING
Est. value
$555,000
OFFICE BUILDING
Est. value
$515,000
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1926
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
8
Lot
0.22 ac
Current owner
From public records · entity-resolved
Carlos Martinez
Individual
Free & Clear · 1 yrs held
Mailing address
327 W 55TH ST, LOS ANGELES, CA 90037-4105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Carlos Martinez
—
Deed
related
$300,000 · East West Bank
Oct 8, 2024
—
Carlos Martinez
Carlos Martinez Barrera
Intrafamily Transfer
related
—
Dec 20, 2023
$590,000
Carlos Martinez Barrera
Jose Eduardo Martinez Romero
Grant Deed
$175,500 · Jose Romero
Mar 30, 2021
—
Jose Eduardo Martinez Romero
Kimberly Arreola Martinez Flores
Grant Deed
—
Mar 30, 2021
$320,000
Jose Eduardo Martinez Romero
Michael S Kagan
Grant Deed
$300,000 · Schramm Family Trust
May 30, 2017
—
Msk 2014 Trust
Msk 2014 Trust
Quit Claim Deed
related
—
Apr 1, 2015
—
Michael S Kagan
Kagan Family Trust
Quit Claim Deed
related
—
Aug 17, 2005
—
Kagan Family Trust
Kagan,michael
Quit Claim Deed
related
—
Nov 7, 2003
—
Michael Kagan
Kagan,karen
Quit Claim Deed
related
$150,500 · First National Bank
Nov 7, 2003
$215,000
Michael Kagan
Paz,tr
Grant Deed
—
Jan 20, 1998
—
Paz Trust
Medina,armando & Gail M
Grant 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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