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Property profile & analytics
OFF-MARKET
Estimated value
$28,435,000
Apartment buildings
1525 Lotus Ln Bakersfield, CA 93307-4363
Individually Owned
21-yr Hold
Property ID
US09-2468141
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2005
Construction
WOOD
Total area
127,308 SF
Lot
8.25 ac (359,370 SF)
Zoning code
R-2
APN
170-060-01-00-1
UPID
US09-2468141
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
-
Casa Loma Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.41M
Comparable Approach
Comparable
$32.32M
Blend (final)
Blend
$28.44M
Owner & transaction history
Cl Investors · 21 yrs held
Cl Investors
since 2004
7 recorded transactions
Zoning & alternative use
R-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$43.9M
+89.1%
Medical building
$29.1M
+25.3%
Office building
$26.9M
+15.7%
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%
$24,275,000
6.5%
$22,405,000
7%
$20,805,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$23,230,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$43,920,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$29,110,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$26,880,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$21,960,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$28.44M
Range $25.59M – $31.28M · ±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
$223 / 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
$34,816
Tax year 2023
Assessed value
$18,783,352
Assessed 2023
Previous assessed
$18,783,352
+0.0% YoY
Effective rate
0.19%
On assessed value
Assessed land
$669,888
Assessed improvement
$18,113,464
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 (100+ UNITS)
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
113
Total area
127,308 SF
Lot
8.25 ac (359,370 SF)
Zoning code
R-2
APN
170-060-01-00-1
UPID
US09-2468141
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$23.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.9M
MEDICAL BUILDING
Est. value
$29.1M
OFFICE BUILDING
Est. value
$26.9M
WAREHOUSE, STORAGE
Est. value
$22.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
113
Lot
8.25 ac
Current owner
From public records · entity-resolved
Cl Investors
Individual
Mailing address
1724 10TH ST STE #120, SACRAMENTO, CA 95811-6421
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
Cl Investors
—
Deed
related
$6,350,000 · Jpmorgan Chase Bank NA
Dec 2, 2022
—
Cl Investors
—
Deed
related
$460,000 · Jpmorgan Chase Bank NA
May 19, 2022
—
Cl Investors
—
Deed
related
$2,000,000 · Jpmorgan Chase Bank NA
Oct 1, 2004
$500,000
Cl Investors
Davis 2000 Family Trust
Grant Deed
$4,490,287 · First Bank & Trust
May 10, 2000
—
Davis Trust
Davis,gale E
Quit Claim Deed
related
—
Apr 10, 2000
—
Gale E Davis
Eberhardt Trust
Quit Claim Deed
related
—
Mar 6, 2000
—
Eberhardt Trust
Eberhardt,glen
Quit Claim Deed
related
—
May 31, 1978
—
—
—
Quit Claim 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.
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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