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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
319 Monterey St Bakersfield, CA 93305-4254
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3044576
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
4,704 SF
Lot
0.17 ac (7,499 SF)
Zoning code
R3
APN
014-170-05-00-6
UPID
US09-3044576
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$590k
Owner & transaction history
Golden Opportunity No 14 LP · 2 yrs held
Golden Opportunity No 14 LP
since 2024
Last sale
$588,000
6 recorded transactions
Zoning & alternative use
R3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$750,000
+48.2%
Warehouse, storage
$610,000
+20.6%
Commercial (general)
$565,000
+11.4%
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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$505,000
Current use
AUTO REPAIR, GARAGE
$750,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$610,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $588k (Mar 15 2024)
Last sale anchor
$588k
Mar 15 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
$125 / 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
$6,834
Tax year 2023
Assessed value
$421,660
Assessed 2023
Previous assessed
$421,660
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$41,271
Assessed improvement
$380,389
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
1974
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
6
Total area
4,704 SF
Lot
0.17 ac (7,499 SF)
Zoning code
R3
APN
014-170-05-00-6
UPID
US09-3044576
Jurisdiction
KERN
Zoning & alternative use
R3 · Bakersfield, CA
Zoning R3 · permitted uses
R3 · 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
$505,000
AUTO REPAIR, GARAGE
Est. value
$750,000
WAREHOUSE, STORAGE
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS) Current
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
1974
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Golden Opportunity No 14 LP
Entity
Mailing address
2234 E COLORADO BLVD, PASADENA, CA 91107-3608
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$588,000
Golden Opportunity No 14 LP
Fat Fot LLC
Grant Deed
$588,000 · Western Alliance Bank
Nov 23, 2016
$378,000
Fat Fot LLC
Tierra Verde Holdings LLC
Grant Deed
$282,000 · Us Bank NA
Apr 10, 2015
$177,000
Tierra Verde Holdings LLC
Lopez Angelina
Grant Deed
—
Sep 26, 2011
—
Angelina Lopez
Gonzales,adrian C
Grant Deed
—
Jan 11, 2010
—
Adrian C Gonzales
Lopez,angelina
Grant Deed
—
Oct 31, 1990
$155,000
Angelina A Lopez
Napier,james C
Grant Deed
—
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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