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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Apartment buildings
4317 Columbus St Bakersfield, CA 93306-1292
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US10-2115865
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
15,777 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R3
APN
146-082-06-00-9
UPID
US10-2115865
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
by Request
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$2.48M
Owner & transaction history
Bakersfield Venetian LLC · 8 yrs held
Bakersfield Venetian LLC
since 2018
7 recorded transactions
Zoning & alternative use
R3 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.6M
+58.4%
Office building
$3.3M
+46.3%
Auto repair, garage
$2.5M
+10.3%
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%
$3,095,000
6.5%
$2,855,000
7%
$2,650,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,280,000
Current use
MEDICAL BUILDING
$3,605,000
Change: +58% · Conversion: Moderate
OFFICE BUILDING
$3,330,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,515,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$2,370,000
Change: +4% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,130,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±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
$157 / 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
$26,012
Tax year 2023
Assessed value
$1,811,064
Assessed 2023
Previous assessed
$1,811,064
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$53,069
Assessed improvement
$1,757,995
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
1966
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
2
Units
15
Total area
15,777 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R3
APN
146-082-06-00-9
UPID
US10-2115865
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
$2.3M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
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
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
15
Lot
0.42 ac
Current owner
From public records · entity-resolved
Bakersfield Venetian LLC
Entity
Mailing address
PO BOX 48088, LOS ANGELES, CA 90048-0088
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
—
Bakersfield Venetian LLC
—
Deed
related
$2,933,000 · Opus Bk
Jan 30, 2018
—
Bakersfield Venetian LLC
Shenandoah Real Est Group LLC
Quit Claim Deed
—
May 24, 2017
$3,850,000
Shenandoah Real Estate Group
Columbus Group LLC
Grant Deed
$2,887,000 · Orange Cntys Cu
Dec 20, 2012
$950,000
Columbus Group LLC
Rufo J S & C M Family Trust
Grant Deed
—
Jul 9, 2007
$1,300,000
John Silvio Rufo
Strobin LLC
Grant Deed
$500,000 · Wells Fargo Bank NA
Nov 17, 2006
—
Strobin LLC
Erenberg,steve
Grant Deed
—
Jun 10, 2005
$1,200,000
Steve Erenberg
B H Properties LLC
Grant Deed
$900,000 · United Commercial Bank
Jun 10, 2005
—
Steve Erenberg
Erenberg,robin H
Quit Claim Deed
related
—
May 12, 2004
—
B H Properties LLC
—
Deed Of Trust
related
$4,000,000 · Western Financial Savings Bank
Oct 23, 2000
—
B H Properties LLC
Johal Trust
Grant Deed
related
—
Mar 26, 1993
$400,000
Johal,trust
Nick Delis Co In
Grant Deed
$300,000 · Hancock Savings Bank
May 31, 1974
—
—
—
Grant Deed
related
—
—
—
Bakersfield Venetian LLC
—
Deed Of Trust
related
$2,933,000 · Opus Bk
—
—
Columbus Group LLC
—
Deed Of Trust
related
$2,430,000 · Orange Cntys Cu
—
—
Columbus Group LLC
—
Deed Of Trust
related
$1,785,000 · Orange County's Cu
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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