Fenced Live-Work
For Sale
$780,000
1301 Washington Street, Bakersfield, CA 93305
Commercial Sale, Bakersfield, CA
Property Size1,920 SF
Lot Size1.49 Acres
Price / SF$406.25
Days on Market20
Property Features for 1301 Washington Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M2 Industrial Commercial
Subdivision
41
Standard status
Active
APN
13833012
Size
1,920 SF
Lot size
1.49 Acres
Building Details
Year built
1968
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Sylvia Cable · License #01797414
(661) 477-0231
Added: Sep 18
Last Checked: Oct 7 at 11:06AM
MLS# 202610072
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work property combines a 1,920-square-foot building with a 1.49-acre lot in an established industrial area. The site is enclosed by fencing and is positioned for business operations alongside an on-site residence, providing a combined commercial and residential setup.
Located at 1301 Washington Street in Bakersfield, California, the property carries M-2 zoning and was built in 1968. Its substantial land area and secured perimeter provide practical room around the building for the property’s live-work configuration.
Located at 1301 Washington Street in Bakersfield, California, the property carries M-2 zoning and was built in 1968. Its substantial land area and secured perimeter provide practical room around the building for the property’s live-work configuration.
Key Highlights
- 1.49‑acre lot
- 1,920 square feet of building area
- M‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,402
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,040
$508.0K
Cap Rate 7%
$362,886
$362.9K
Cap Rate 9%
$282,244
$282.2K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$40.3K $21.00/SF
− Vacancy
−$6.5K −$3.36/SF
EGI
$33.9K $17.64/SF
− OpEx
−$8.5K −$4.41/SF
NOI
$25.4K $13.23/SF
Area
Bakersfield, CA
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,040
Cap Rate 7%
$362,886
Cap Rate 9%
$282,244
Alternative Uses
Best Use
Office B
$362.9K
$317.5K – $423.4K
NOI $25,402 @ 7.0% cap · market cap 3.26%
Second Best
Mixed Use
$344.4K
$301.3K – $401.8K
NOI $24,106 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$509.5K
$445.8K – $594.4K
NOI $35,666 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - M-2-zoned property with a secured perimeter and room for business operations.
Where is this live-work space located?
The property is located at 1301 Washington Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 1.49‑acre lot; 1,920 square feet of building area; M‑2 zoning
