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Property profile & analytics
OFF-MARKET
Estimated value
$4,930,000
Apartment buildings
2731 Bernard St Bakersfield, CA 93306-2946
Entity Owned
10-yr Hold
Free & Clear
Property ID
US09-2833927
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
49,867 SF
Lot
3.12 ac (135,907 SF)
Zoning code
R-3
APN
129-030-47-00-4
UPID
US09-2833927
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
-
Park Sorrento Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.32M
Blend (final)
Blend
$4.93M
Owner & transaction history
Barcelona Housing Partners LP · 10 yrs held
Barcelona Housing Partners LP
since 2015
3 recorded transactions
Zoning & alternative use
R-3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.9M
+10.3%
Retail stores
$7.5M
+4.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,200,000
Current use
AUTO REPAIR, GARAGE
$7,945,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$7,495,000
Change: +4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,725,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.93M
Range $4.44M – $5.42M · ±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
$99 / 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
$72,548
Tax year 2023
Assessed value
$3,944,903
Assessed 2023
Previous assessed
$3,944,903
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$417,752
Assessed improvement
$3,527,151
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
1984
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
84
Total area
49,867 SF
Lot
3.12 ac (135,907 SF)
Zoning code
R-3
APN
129-030-47-00-4
UPID
US09-2833927
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
$7.2M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (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
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
84
Lot
3.12 ac
Current owner
From public records · entity-resolved
Barcelona Housing Partners LP
Entity
Free & Clear · 10 yrs held
Mailing address
29350 PACIFIC COAST HWY STE #12, MALIBU, CA 90265-3970
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2015
—
Barcelona Housing Partners LP
Barcelona Housing Partners II LP
Grant Deed
—
Jul 17, 2014
—
Barcelona Housing Partners II LP
Barcelona Housing Partners LP
Grant Deed
$4,462,000 · Centerline Finance Corporation
Jul 21, 1997
$2,121,000
Housing Partners LP Barcelona
Barcelona Investors
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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