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Property profile & analytics
OFF-MARKET
Estimated value
$2,475,000
Apartment buildings
117 Nn St Bakersfield, CA 93304-3131
Individually Owned
~
Est. High Equity
Property ID
US09-1480202
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Construction
WOOD FRAME
Total area
14,910 SF
Lot
0.74 ac (32,234 SF)
Zoning code
R 3
APN
010-321-15-00-7
UPID
US09-1480202
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
$2.76M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.48M
Owner & transaction history
Eric Espinola
Eric Espinola
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
$3.4M
+70.3%
Office building
$2.9M
+44.6%
Auto repair, garage
$2.4M
+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%
$2,990,000
6.5%
$2,760,000
7%
$2,565,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,000,000
Current use
MEDICAL BUILDING
$3,410,000
Change: +70% · Conversion: Moderate
OFFICE BUILDING
$2,895,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,375,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$2,165,000
Change: +8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,010,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.72M · ±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
$166 / 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
$28,468
Tax year 2023
Assessed value
$1,829,048
Assessed 2023
Previous assessed
$1,829,048
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$101,963
Assessed improvement
$1,727,085
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
2015
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
2
Units
20
Total area
14,910 SF
Lot
0.74 ac (32,234 SF)
Zoning code
R 3
APN
010-321-15-00-7
UPID
US09-1480202
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
$2.0M
MEDICAL BUILDING
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
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
2015
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
20
Lot
0.74 ac
Current owner
From public records · entity-resolved
Eric Espinola
Individual
Mailing address
15227 PR AVE APT A, LAWNDALE, CA 90260-2216
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
$2,550,000
Eric Espinola
La Hacienda Partners LLC
Grant Deed
$1,862,400 · Mission Bank
Sep 1, 2023
—
La Hacienda Partners LLC
Golden Turtle Investments LP
Grant Deed
—
Apr 22, 2020
—
Golden Turtle Investments LP
La Hacienda Ptshp
Quit Claim Deed
related
—
Apr 22, 2020
$174,000
Golden Lion Investments LP
Dayde INC
Grant Deed
—
Nov 7, 2016
$1,600,000
La Hacienda Ptshp LP
Jay Valley LLC
Grant Deed
$100,000 · Private Individual
Jan 26, 2016
—
Jay Valley LLC
Singh,jay
Quit Claim Deed
—
Dec 1, 2015
—
Rashpal Singh
Manan,lakhvir K
Quit Claim Deed
related
—
Dec 1, 2015
$1,300,000
Jay Singh
Morris,melvin
Grant Deed
$1,105,000 · Melvin Morris
Oct 6, 2010
$95,000
Melvin Morris
Floyd,curtis E
Grant Deed
—
Feb 7, 2008
$20,000
Curtis E Floyd
Fambrough Dev INC
Quit Claim Deed
related
—
Feb 10, 2005
$180,000
Fambrough Dev INC
Campbell,clyde B
Grant Deed
—
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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