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    3737 San Dimas St Bakersfield, CA 93301

    Sponsored
    For Sale
    $3,200,000

    Bakersfield, CA: 100% Occupied Medical Office Buildings

    Property size:
    11,749 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two fully leased Class B medical office buildings totaling 11,749 square feet, situated on a 45,581 square foot lot in Bakersfield, California. Located at 3737 San Dimas Street, this Core+ property boasts a 5.87% cap rate and a compelling asking price of $3,200,000 ($272.36/sq ft). The property consists of two single-story buildings constructed in 1972 and 1978, with renovations completed in 2015 and 2002 respectively. Building 101 (5,927 sq ft) and Building 102 (5,822 sq ft) each feature multiple exam rooms, doctor's offices, administrative spaces, procedure rooms, waiting areas, and ADA-compliant restrooms. The property benefits from ample parking (5.28 spaces per 1,000 sq ft), a convenient CO zoning designation, and a prime location directly across from Memorial Hospital, providing excellent visibility and accessibility. The current occupancy is 100%, with built-in rent bumps of 3%. The property's strategic location offers proximity to other medical facilities, amenities, and major highways. APN: 120-181-38, 130-181-29. This is a rare opportunity to acquire a stable, high-performing medical office portfolio in a desirable location.

    Property Features for 3737 San Dimas St

    General Information

    Property type
    Medical offices
    Square Feet
    11,749 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1972/2015
    Buildings
    2
    Stories
    1

    HighLights

    • Fully leased Class B medical office buildings totaling 11,749 square feet.
    • Prime location directly across from Memorial Hospital in Bakersfield, CA.
    • Ample parking (5.28 spaces per 1,000 sq ft).
    • Convenient access to other medical facilities, amenities, and major highways.
    • 100% occupancy with built‑in rent increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bakersfield Family Medical ... Medical Clinic Sukhmani Kaur Singh Doctor San Joaquin Valley ... Pulmonologist Uzma Yousuf, DO Family Practice Physician Bacon Jeffrey D ... Rheumatologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0086664
    Latitude
    35.3941048

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    FAQs

    What type of property is this?
    Medical office - Bakersfield, CA: 100% Occupied Medical Office Buildings
    Where is this medical office located?
    The property is located at 3737 San Dimas St Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Fully leased Class B medical office buildings totaling 11,749 square feet.; Prime location directly across from Memorial Hospital in Bakersfield, CA.; Ample parking (5.28 spaces per 1,000 sq ft).
    Request Owner's contact information
    3737 San Dimas St Bakersfield, CA 93301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3737 San Dimas St Bakersfield, CA 93301
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