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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Apartment buildings
621 Jefferson St Bakersfield, CA 93305-3716
Trust Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-3355378
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
WOOD
Total area
5,899 SF
Lot
0.19 ac (8,276 SF)
APN
013-090-17-00-1
UPID
US09-3355378
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
$1.09M
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$845k
Owner & transaction history
Aceves Miguel & Laura Trust · 20 yrs held
Aceves Miguel & Laura Trust
since 2005
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+112.8%
Office building
$1.2M
+96.5%
Auto repair, garage
$940,000
+48.2%
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%
$1,185,000
6.5%
$1,090,000
7%
$1,015,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$635,000
Current use
MEDICAL BUILDING
$1,350,000
Change: +113% · Conversion: Moderate
OFFICE BUILDING
$1,245,000
Change: +97% · Conversion: Moderate
AUTO REPAIR, GARAGE
$940,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$765,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$143 / 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
$10,878
Tax year 2023
Assessed value
$738,180
Assessed 2023
Previous assessed
$738,180
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$59,099
Assessed improvement
$679,081
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
1983
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
7
Total area
5,899 SF
Lot
0.19 ac (8,276 SF)
APN
013-090-17-00-1
UPID
US09-3355378
Jurisdiction
KERN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$705,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
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
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
7
Lot
0.19 ac
Current owner
From public records · entity-resolved
Aceves Miguel & Laura Trust
Trust
Mailing address
9387 GAINFORD ST, DOWNEY, CA 90240-3559
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2021
—
Miguel S Aceves
—
Deed
related
$413,000 · Sce FCU
May 10, 2016
—
Miguel S Aceves
—
Deed
related
$250,000 · Sce FCU
Dec 16, 2005
$580,100
Aceves Miguel & Laura Trust
Albizo,ardath
Grant Deed
$256,500 · United Commercial Bank
Dec 5, 2003
$345,000
Ardath Albizo
Sandidge,tr
Grant Deed
$227,000 · Bank Of The Sierra
Dec 5, 2003
—
Ardath Albizo
Albizo,david G
Quit Claim 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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