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Property profile & analytics
OFF-MARKET
Estimated value
$14,545,000
Apartment buildings
1718 Panama Ln Bakersfield, CA 93307-6501
Entity Owned
6-yr Hold
Property ID
US09-3151262
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
94,240 SF
Lot
4.95 ac (215,622 SF)
Zoning code
C-2
APN
372-292-19-00-7
UPID
US09-3151262
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
-
Village at Lakeside Apartment Building
-
Wheeler Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.81M
CAP Approach
CAP
$16.59M
Comparable Approach
Comparable
$20.05M
Blend (final)
Blend
$14.55M
Owner & transaction history
Cal World Village Lakeside LP · 6 yrs held
Cal World Village Lakeside LP
since 2020
Last sale
$11.1M
5 recorded transactions
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.5M
+25.3%
Office building
$19.9M
+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
$14,265,000
ML approach
$9,810,000
CAP Approach
CAP Return
Estimation
6%
$17,970,000
6.5%
$16,585,000
7%
$15,400,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,195,000
Current use
MEDICAL BUILDING
$21,545,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$19,900,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$16,255,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$14.55M
Range $13.09M – $16.00M · ±10% · vs last sale $11.07M (Jun 19 2020)
Last sale anchor
$11.07M
Jun 19 2020
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
$154 / 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
$42,111
Tax year 2023
Assessed value
$11,653,181
Assessed 2023
Previous assessed
$11,653,181
+0.0% YoY
Effective rate
0.36%
On assessed value
Assessed land
$1,545,231
Assessed improvement
$10,107,950
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
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
137
Total area
94,240 SF
Lot
4.95 ac (215,622 SF)
Zoning code
C-2
APN
372-292-19-00-7
UPID
US09-3151262
Jurisdiction
KERN
Zoning & alternative use
C-2 · Bakersfield, CA
Zoning C-2 · permitted uses
C-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
$17.2M
MEDICAL BUILDING
Est. value
$21.5M
OFFICE BUILDING
Est. value
$19.9M
WAREHOUSE, STORAGE
Est. value
$16.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1985
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
137
Lot
4.95 ac
Current owner
From public records · entity-resolved
Cal World Village Lakeside LP
Entity
Mailing address
6121 RANDOLPH ST, COMMERCE, CA 90040-3513
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2020
$11,072,500
Cal World Village Lakeside LP
Lakeside Housing Partners LP
Grant Deed
$5,535,000 · East West Bank
Jan 22, 2010
—
Lakeside Housing Partners LP
—
Trustees Deed
related
$2,463,559 · Sa Affordable Housing LLC
Jul 21, 1997
—
Lakeside Housing Partners LP
—
Grant Deed
related
$3,110,000 · Wmf Mortgage
Jul 21, 1997
$3,746,500
Lakeside Housing Partners
Lakeside Investors
Trustees Deed
related
$3,110,000 · California Statewide Communiti
—
—
Lakeside Housing Partners LP
—
Deed Of Trust
related
$5,415,100 · Red Mortgage Capital INC
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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