RENTAL MARKET ANALYSIS PROPERTY SEARCH INFORMATION Complex Name 2 Spacious BR in Ridgecrest. Washer/Dryer Hookups! Property Type Filter Multi-Family Address 141 W Upjohn Ave City Ridgecrest State CA Zip 93555 County Kern MSA Bakersfield, CA Search Radius 1 Mile Observations In Area 459 ANALYSIS OF MULTI-FAMILY OBSERVATIONS IN 1 MILE RADIUS 1 BR 2 BR 3 BR $562 Past Year Average Rent (MAR 217 - MAR 218) $775 Max Rent Within Past Year $475 Min Rent Within Past Year $5 Standard Deviation Within Past Year $.86 Avg Price per SqFt $11 217Q3 vs 217Q4 $49 216 vs 217 $664 Past Year Average Rent (MAR 217 - MAR 218) $1, Max Rent Within Past Year $431 Min Rent Within Past Year $156 Standard Deviation Within Past Year $.76 Avg Price per SqFt $2 217Q3 vs 217Q4 $78 216 vs 217 $992 Past Year Average Rent (MAR 217 - MAR 218) $1,85 Max Rent Within Past Year $695 Min Rent Within Past Year $26 Standard Deviation Within Past Year $.83 Avg Price per SqFt $ 217Q3 vs 217Q4 $148 216 vs 217
MULTI-FAMILY ASKING RENT BY ASSET CLASS FOR 1 MILE RADIUS & ZIP 93555 (MAR 217 - MAR 218) $9 $771 $792 $681 $698 $683 $71 $5 $597 $612 $4 $3 $2 $ $ Asset Class A Asset Class B Asset Class C Average 1 Mile Radius Zip Code
FAIR MARKET RATES (216) Source: Huduser.gov Studio 1 Bed 2 Beds 3 Beds 4 Beds Kern County $61 $639 $826 $1,194 $1,442 State of CA $799 $919 $1,182 $1,657 $1,93 HISTORICAL AVERAGE RENT FOR RIDGECREST, CA $75 12 Avg Rent $65 $55 8 6 4 Observation Volume $5 2 $45 May '16 Jul '16 Sep '16 Nov '16 Jan '17 Mar '17 May '17 Jul '17 Sep '17 Nov '17 Jan '18 Mar '18 1 BR RMFD Observation Volume 1 BR RMFD Avg Rent
HISTORICAL AVERAGE RENT FOR RIDGECREST, CA $85 3 25 Avg Rent $75 $65 2 15 Observation Volume 5 $55 May '16 Jul '16 Sep '16 Nov '16 Jan '17 Mar '17 May '17 Jul '17 Sep '17 Nov '17 Jan '18 Mar '18 2 BR RMFD Observation Volume 2 BR RMFD Avg Rent HISTORICAL AVERAGE RENT FOR RIDGECREST, CA $1,8 15 $1,6 12.5 Avg Rent $1,4 $1,2 $1, 7.5 5 Observation Volume 2.5 May '16 Jul '16 Sep '16 Nov '16 Jan '17 Mar '17 May '17 Jul '17 Sep '17 Nov '17 Jan '18 Mar '18 3 BR RMFD Observation Volume 3 BR RMFD Avg Rent
RENT TREND SUMMARIES (All Property Types) REGION FEB-218 AVG RENT 1 MONTH CHANGE 3 MONTH CHANGE 6 MONTH CHANGE 12 MONTH CHANGE Zip 93555 $1,41 $4 $-37 $41 $124 City of Ridgecrest $1,41 $4 $-37 $41 $124 Kern County $1,95 $-28 $-19 $-5 $47 State of CA $2,497 $-64 $-92 $-74 $148 United States $1,65 $-32 $-16 $-29 $-33 MEDIAN MULTI-FAMILY RENT TREND SUMMARIES OVER PAST YEAR WITHIN 1 MILE TYPE OF RESIDENCE MEDIAN RENT AVG SQFT MEDIAN RENT / AVG SQFT 1 Beds RMFD $522.5 653 $.81 2 Beds RMFD $595. 874 $.69 3 Beds RMFD $845. 1,21 $.71 RENT DISTRIBUTION OF MULTI-FAMILY PROPERTIES WITHIN THE PAST MONTH IN 1 MILE RADIUS 14 12 Property Count 8 6 4 2 $4 $45 $5 $55 $65 $75 $85 $9 $95 $1, $1,5 $1, $1,15 $1,2 $1,25 $1,3 $1,35 Rent ($5 Segments)
MAP OF COMPARABLE MULTI-FAMILY PROPERTIES IN 1 MILE RADIUS (93 POINTS) COMPARABLE MULTI-FAMILY PROPERTY DATA SAMPLE # ADDRESS PROPERTY TYPE BEDS ASK RENT DISTANCE (MI) ASSET CLASS 1 141 W Upjohn Ave, Ridgecrest CA 93555 Apartment 1-2 $725-$775. A 2 15 Miguel St, Ridgecrest CA 93555 Apartment 2 $995.4 A 3 344 S Sanders St, Ridgecrest CA 93555 Duplex 2 $675.11 B 4 28 W Wilson Ave, Ridgecrest CA 93555 Triplex 2 $525.11 C 5 424 Lenore St, Ridgecrest CA 93555 Apartment 3 $1,.13 B 6 31 W Wilson Ave, Ridgecrest CA 93555 Apartment 2 $475.14 C 7 1 W Robertson Rd, Ridgecrest CA 93555 Apartment $475.14 A 8 23 E Upjohn Ave, Ridgecrest CA 93555 Condo 3 $1,.15 B 9 221 E Upjohn Ave, Ridgecrest CA 93555 Condo 3 $1,.15 B 25 E Upjohn Ave, Ridgecrest CA 93555 Condo 2 $9-$1,25.15 A 11 149 E Upjohn Ave, Ridgecrest CA 93555 Condo $95.15 A 12 24 W Robertson Rd, Ridgecrest CA 93555 Apartment -2 $575-$675.17 C
13 65 S Gold Canyon St, Ridgecrest CA 93555 Apartment 3 $1,175.17 A 14 341 W Wilson Ave, Ridgecrest CA 93555 Apartment 2 $495-$695.18 C 15 345 W Wilson Ave, Ridgecrest CA 93555 Apartment 2 $495.18 C 16 265 E Upjohn Ave, Ridgecrest CA 93555 Condo 3 $1,.18 B 17 285 E Upjohn Ave, Ridgecrest CA 93555 Condo 3 $1,.18 B 18 279 E Upjohn Ave, Ridgecrest CA 93555 Condo 2 $1,.18 A 19 28 W Church Ave, Ridgecrest CA 93555 Apartment 1-2 $525.19 C 2 117 Parkview Ave, Ridgecrest CA 93555 Triplex 1 $625.23 A 21 228 S Gemstone St, Ridgecrest CA 93555 Apartment 2 $625-$675.24 B 22 512 S Allen St, Ridgecrest CA 93555 Duplex 2 $5-$55.27 C 23 7 S Norma St, Ridgecrest CA 93555 Triplex 2 $925.27 A 24 45 Rick Ct, Ridgecrest CA 93555 Apartment 1 $55.28 A 25 439 W Church Ave, Ridgecrest CA 93555 Apartment 2 $65-$75.28 B