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Property profile & analytics
OFF-MARKET
Estimated value
$2,705,000
Apartment buildings
2521 Bishop Dr Bakersfield, CA 93306-1010
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0452063
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
6,137 SF
Lot
0.36 ac (15,681 SF)
Zoning code
R-3
APN
382-052-03-00-3
UPID
US09-0452063
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
$2.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.71M
Owner & transaction history
Rcm Socal INC · 6 yrs held
Rcm Socal INC
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
R-3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+180.4%
Neighborhood: shopping center
$2.1M
+139.0%
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
$2,685,000
ML approach
$2,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,485,000
Change: +180% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,115,000
Change: +139% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.43M – $2.98M · ±10% · vs last sale $2.70M (May 27 2020)
Last sale anchor
$2.70M
May 27 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
$441 / 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
$12,833
Tax year 2023
Assessed value
$851,451
Assessed 2023
Previous assessed
$851,451
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$98,809
Assessed improvement
$752,642
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
1963
Construction
WOOD
Heating
GAS
Cooling
OTHER
Stories
1
Units
9
Total area
6,137 SF
Lot
0.36 ac (15,681 SF)
Zoning code
R-3
APN
382-052-03-00-3
UPID
US09-0452063
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
RESTAURANT
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Units
9
Lot
0.36 ac
Current owner
From public records · entity-resolved
Rcm Socal INC
Entity
Mailing address
1936 HUNTINGTON DR STE A, SOUTH PASADENA, CA 91030-4859
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2025
—
Rcm Socal INC
—
Deed
related
$10,000,000 · East West Bank
May 27, 2020
$2,700,000
Rcm Socal INC
Max Bloom
Grant Deed
$1,500,000 · First Citizens Bank & Trust Co
Nov 25, 2015
$1,800,000
Max Bloom
Burford L M & M A Trust
Grant Deed
—
Nov 30, 2012
$1,685,000
Burford L M & M A 1987 Trust
California Cap Equities LLC
Grant Deed
$985,000 · American Riviera Bank
Apr 19, 2010
—
California Cap Equities LLC
Kurian,baby & Lissyamma
Grant Deed
—
Mar 15, 2010
—
Baby Kurian
Chin Nelly D
Grant Deed
$2,040,000 · Chin Nelly D (te)
Sep 4, 2002
$1,800,000
Chin,tr
Meyer,judith E
Grant Deed
$1,200,000 · Judith E Meyer
Jul 30, 1999
—
Judith E Meyer
Meyer,henry
Quit Claim Deed
related
—
Jul 30, 1999
$481,000
Meyer,judith E
Belter,bettina M
Trustees Deed
related
—
Oct 30, 1992
$84,000
Gary Baltar
Delis,nicholas
Grant Deed
related
$30,000 · Seller
—
—
California Cap Equities LLC
—
Deed Of Trust
related
$550,000 · Evans N & S 1990 Trust (pt)
—
—
Burford,l M & M A 1987 Trust
—
Deed Of Trust
related
$110,000 · Rabobank
—
—
Burford,l M & M A 1987 Trust
—
Deed Of Trust
related
$60,000 · Private Individual
—
—
Burford L M & M A 1987 Trust
—
Deed Of Trust
related
$1,098,500 · Rabobank
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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