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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Apartment buildings
1830 Oregon St Bakersfield, CA 93305-4968
Individually Owned
2-yr Hold
Property ID
US09-3387980
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
3,782 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R-3
APN
138-101-14-00-1
UPID
US09-3387980
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
$550k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$550k
Owner & transaction history
Lorenzo Gama · 2 yrs held
Lorenzo Gama
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
R-3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$865,000
+112.8%
Office building
$800,000
+96.5%
Auto repair, garage
$600,000
+48.2%
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$760,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$405,000
Current use
MEDICAL BUILDING
$865,000
Change: +113% · Conversion: Moderate
OFFICE BUILDING
$800,000
Change: +97% · Conversion: Moderate
AUTO REPAIR, GARAGE
$600,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$490,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$455,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jun 10 2024)
Last sale anchor
$550k
Jun 10 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
$145 / 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
$10,604
Tax year 2023
Assessed value
$550,000
Assessed 2023
Previous assessed
$550,000
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$55,000
Assessed improvement
$495,000
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
Off-Market
Year built
1971
Construction
WOOD
Heating
GAS
Cooling
EVAPORATIVE
Stories
1
Units
5
Total area
3,782 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R-3
APN
138-101-14-00-1
UPID
US09-3387980
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
$405,000
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$600,000
WAREHOUSE, STORAGE
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$455,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (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
1971
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Units
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
Lorenzo Gama
Individual
Mailing address
323 BUNDREN ST, OAK VIEW, CA 93022-9403
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
$550,000
Lorenzo Gama
Jonathan Payam Daneshgar
Grant Deed
$275,000 · Jonathan P Daneshgar Trust
Feb 6, 2023
—
Jonathan P Daneshgar
—
Deed
related
$351,000 · Irwin B Goldberg
Sep 20, 2022
$550,000
Jonathan P Daneshgar
Singh Saini Raminderpal
Grant Deed
$420,000 · Madison Real Estate INC
Jun 6, 2019
$326,000
Raminderpal S Saini
Sallee,linda
Grant Deed
$211,900 · Juniper Hldg LLC
Sep 25, 2013
—
Linda C Sallee
Moore,clare T
Affidavit Of Death
related
—
Mar 9, 2009
—
Clare T Moore
Moore,clare T & Evelyn F
Quit Claim Deed
related
—
Aug 31, 1971
—
Clare T Moore
—
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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