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Property profile & analytics
OFF-MARKET
Estimated value
$16,850,000
Apartment buildings
400 White Ln Bakersfield, CA 93307-4972
Entity Owned
12-yr Hold
Property ID
US09-0191862
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1984
Construction
WOOD
Total area
106,562 SF
Lot
5.3 ac (230,868 SF)
Zoning code
R3
APN
025-040-20-00-1
UPID
US09-0191862
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
-
Valley Springs Apartments Apartment Building
-
janjua Transport Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.76M
Comparable Approach
Comparable
$16.33M
Blend (final)
Blend
$16.85M
Owner & transaction history
Akgc Investments LLC · 12 yrs held
Akgc Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
R3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$24.4M
+25.3%
Office building
$22.5M
+15.7%
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%
$20,315,000
6.5%
$18,755,000
7%
$17,415,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,445,000
Current use
MEDICAL BUILDING
$24,365,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$22,500,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$18,380,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$16.85M
Range $15.17M – $18.54M · ±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
$158 / 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
$149,139
Tax year 2023
Assessed value
$9,492,500
Assessed 2023
Previous assessed
$9,492,500
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$288,671
Assessed improvement
$9,203,829
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 (100+ UNITS)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
120
Total area
106,562 SF
Lot
5.3 ac (230,868 SF)
Zoning code
R3
APN
025-040-20-00-1
UPID
US09-0191862
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
$19.4M
MEDICAL BUILDING
Est. value
$24.4M
OFFICE BUILDING
Est. value
$22.5M
WAREHOUSE, STORAGE
Est. value
$18.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
120
Lot
5.3 ac
Current owner
From public records · entity-resolved
Akgc Investments LLC
Entity
Mailing address
1 CENTERPOINTE DR STE #400, LA PALMA, CA 90623-2530
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
Akgc Investments LLC
—
Deed
related
$14,990,000 · Berkeley Point Capital LLC
May 28, 2021
—
Akgc Investments LLC
—
Deed
related
$12,532,000 · Jll Real Estate Capital LLC
Jun 30, 2014
$8,000,000
Akgc Investments LLC
Bascom White Lane Apartments LLC
Grant Deed
$6,015,000 · Pnc Bank NA
Jul 13, 2006
—
Bascom White Lane Apts LLC
—
Deed Of Trust
related
$44,400,000 · Key Bank NA
Jul 23, 2003
—
Bascom White Lane Apt LLC
Kr Equities
Grant Deed
$4,880,000 · Gmac Commercial Mortgage Corp
Aug 20, 1999
$2,450,000
K R Equities INC
Liberty Bank For Savings
Grant Deed
related
$2,000,000 · Liberty Bank For Savings
Mar 15, 1996
$3,100,000
Bankers Trust Co Ca Trustee
White Lane Financial Ltd
Trustees Deed
related
—
—
—
Bascom Group LLC
—
Loan Modification
related
$4,515,000 · Federal Hm Ln Mtg
—
—
Bascom White Lane Apartments
—
Deed Of Trust
related
$4,515,000 · Cbre Melody & Co
—
—
White Lane Group LLC
—
Deed Of Trust
related
$2,000,000 · Finova Realty Capital INC
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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