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    2724 L St Bakersfield, CA 93301

    For Sale
    $849,000

    Downtown Bakersfield office, great location.

    Property size:
    6,715 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This single-story, 6,715-square-foot freestanding professional office building is located in downtown Bakersfield, California, at 2724 L Street. Built in 1963, the property sits on a 16,117-square-foot lot and is zoned M-1. The building features a conventional office layout including six private offices, three conference rooms, open workspace, an IT room, two multi-stall restrooms (one with a shower), a breakroom, and storage. On-site amenities include secured private covered parking and additional street parking. Its central location offers easy access to major thoroughfares like 23rd and 24th Streets, Golden State Highway, and Highway 99, placing it near Adventist Health Hospital and public transportation. The building's prime location is surrounded by other office, medical, retail, and food establishments, providing excellent visibility and convenience. This owner/user opportunity is priced at $849,000 ($126.43 per square foot) and presents a compelling value proposition, offered well below replacement cost. The property's APN is 002-150-20. This is a rare opportunity to acquire a well-maintained, centrally located office building in a thriving Bakersfield market.

    Property Features for 2724 L St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,715 SF

    Building Details

    Year Built
    1963
    Buildings
    1
    Stories
    1

    HighLights

    • 6,715 SF freestanding professional office building in downtown Bakersfield.
    • Convenient downtown location with easy access to major thoroughfares and public transportation.
    • Close proximity to Adventist Health Hospital.
    • High visibility due to central location near other businesses.
    • Offered well below replacement cost at $849,000 ($126.43/SF).
    • Secured covered parking and additional street parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0160618
    Latitude
    35.3845062

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Bakersfield office, great location.
    Where is this office property / space located?
    The property is located at 2724 L St Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: 6,715 SF freestanding professional office building in downtown Bakersfield.; Convenient downtown location with easy access to major thoroughfares and public transportation.; Close proximity to Adventist Health Hospital.
    (661) 631-3814
    Request Owner's contact information
    2724 L St Bakersfield, CA 93301
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    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
    2724 L St Bakersfield, CA 93301
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