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Property profile & analytics
FOR SALE
Apartment buildings
1522 West Dr Bakersfield, CA 93304
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-5162050
For Sale
1 / 19
$399,000
1522 West Dr, Bakersfield, CA 93304
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1937
Construction
WOOD
Total area
2,516 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R3
APN
138-070-07-00-6
UPID
US09-5162050
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cesar Gaona · 4 yrs held
Cesar Gaona
since 2022
Last sale
$220,000
7 recorded transactions
Zoning & alternative use
R3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,099
Tax year 2024
Assessed value
$312,120
Assessed 2024
Previous assessed
$312,120
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$52,020
Assessed improvement
$260,100
Applied tax rate
56.0000
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
For Sale
Year built
1937
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
2
Units
6
Total area
2,516 SF
Lot
0.25 ac (10,890 SF)
Zoning code
R3
APN
138-070-07-00-6
UPID
US09-5162050
Jurisdiction
KERN
Zoning & alternative use
R3 · Bakersfield, CAZoning R3 · permitted uses
R3 · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1937
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
6
Lot
0.25 ac
Current owner
From public records · entity-resolved
Cesar Gaona
Individual
Mailing address
2505 TER WAY, BAKERSFIELD, CA 93304-3353
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$220,000
Cesar Gaona
Luis Ortiz Acosta
Grant Deed
$100,000 · Luis Ortiz Acosta Trust
May 11, 2018
$215,000
Acosta,luis O Trust
Ivens Family Trust
Grant Deed
—
Sep 4, 2015
—
Ivens Family Trust
Ivens M D & R M Trust
Quit Claim Deed
related
—
Nov 20, 2014
—
Ivens,michael D & R M Trust
Ivens,michael D & Roberta M
Quit Claim Deed
related
—
Sep 26, 2013
$15,500
Michael D Ivens
Real Pro Ventures INC
Grant Deed
—
Oct 15, 2012
$250,000
Real Pro Ventures INC
Leach Investment Holdings LLC
Grant Deed
$150,000 · Goldberg Family Trust (pt)
Mar 20, 2012
—
Leach Investments Holdings LLC
Leach Group INC
Quit Claim Deed
—
Nov 8, 2011
—
Leach Group INC
Leach Group INC
Quit Claim Deed
related
—
Sep 30, 2011
$56,000
Leach Group INC
East West Bk
Grant Deed
—
Jul 29, 2011
$85,200
East-west Bank
East West Investments INC
Trustees Deed
related
—
Oct 22, 2004
$210,000
Tran Gioi X Trust
Gobi
Grant Deed
$155,000 · Value Home Loan
Feb 17, 2004
—
Gobi LLC
Wiemann,brad
Grant Deed
related
—
May 14, 2003
—
Kamaal,tr
Hatcher,leland L Tr
Grant Deed
related
—
Feb 28, 1978
$48,000
—
—
Grant Deed
related
—
—
—
Tran Gioi X Living Trust
—
Deed Of Trust
related
$230,000 · East West Bank
—
—
Tran G X & Pham J Living Trust
—
Deed Of Trust
related
$63,657 · East West 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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