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    Property profile & analytics

    305 Warren St Taft, CA 93268-2515

    • Apartment buildings
    • 3,258 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $605,000
    Last Sale
    Oct 13, 2022
    $650,000
    Location Intelligence
    Property ID
    US09-0101285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 305 Warren St

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    3,258 SF
    Zone code
    R-1
    Property type
    Apartment buildings
    APN
    031-390-06-00-8
    APU
    3139006008

    Description

    This exceptional investment opportunity presents a stabilized, six-unit multifamily property located at 305 Warren St, Taft, CA 93268, in Kern County. The property boasts a total of 3,258 square feet situated on a 12,632 square foot lot, zoned R3. Each of the six individual buildings comprises a single-story, two-bedroom, one-bathroom unit, featuring individually fenced yards and its own HVAC system. Currently operating at 100% occupancy (as of August 20, 2024), this portfolio generates a substantial net operating income (NOI) of $53,280, representing a 7.35% cap rate. The asking price is $725,000, translating to $222.53 per square foot and $120,833.33 per unit. Tenants are responsible for their own utilities. The property benefits from professional management and includes some long-term tenants. An attractive feature is the availability of an assumable loan with a 6% interest rate and a monthly payment of $2,338. Offers are subject to interior inspection. This turnkey property is ideal for both seasoned investors and those new to real estate, offering immediate passive income potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $640,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $610,000
      Geo Method
      $665,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $685,000
      Retail
      $630,000
      Mixed-Use
      $655,000
      Hospitality
      $510,000
      Educational
      $595,000
      Residential Income
      $610,000
      Energy
      $535,000
      Income-Based Land
      $520,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    Taft
    County
    Kern
    State
    California
    Longitude
    -119.454
    Latitude
    35.1453
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,483
    $40,000
    $610,000
    $650,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $465,000
      16,046 SF

      424 Woodrow St

      APARTMENT HOUSE (5+ UNITS) • 16,046 SF
      424 Woodrow St, Taft, CA 93268-2439
      View Details
    • Value Estimation
      $895,000
      49,971 SF

      420 Finley Dr

      APARTMENT HOUSE (5+ UNITS) • 49,971 SF
      420 Finley Dr, Taft, CA 93268-2434
      View Details
    • Value Estimation
      $540,000
      4,332 SF

      101 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 4,332 SF
      101 Jefferson St, Taft, CA 93268-2009
      View Details
    • Value Estimation by Request
      22,128 SF

      1210 4th St

      APARTMENT HOUSE (5+ UNITS) • 22,128 SF
      1210 4th St, Taft, CA 93268-2429
      View Details
    • Value Estimation by Request
      4,754 SF

      209 4th St

      APARTMENT HOUSE (5+ UNITS) • 4,754 SF
      209 4th St, Taft, CA 93268-3531
      View Details
    • Value Estimation by Request
      8,474 SF

      355 Adams St

      APARTMENT HOUSE (5+ UNITS) • 8,474 SF
      355 Adams St, Taft, CA 93268-2000
      View Details

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    Similar Nearby for Lease

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    305 Warren St
    Taft, CA 93268-2515
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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