5401 California Ave Bakersfield, CA 93309
- Office buildings
- 31,683 SF
- 2.00 lot acres
Current Use by Public Records
- Wells Fargo Home Mortgage / Mortgage Lender / Atm
- Wells Fargo Bank / Atm / Bank
- Wells Fargo ATM / Atm
- Wells Fargo Private Bank / Investment Service
- LIZ / Bank
Property Details for 5401 California Ave
- Year built
- 1982
- Construction
- WOOD
- Lot size
- 2.00 lot acres
- Property size
- 31,683 SF
- Zone code
- C-O
- Property type
- Office buildings
- APN
- 331-032-35-00-8
- APU
- 33103235008
Description
This exceptional Class A office building, located at 5401 California Avenue in Bakersfield, California, offers a unique opportunity for businesses seeking flexible and high-quality space. The property, situated on two acres of land and boasting a total of 31,683 square feet, features a three-story design constructed in 1982. Currently, there is 13,833 square feet of vacant space available for lease, with options ranging from approximately 4,500 square feet to a maximum contiguous space of 10,004 square feet. The building's zoning is C-O, and its APN is 331-032-35. The available space includes ground and third-floor options, providing tenants with a variety of layout possibilities. The building benefits from ample on-site surface parking, a significant advantage in this busy area. Its prominent location on the California Avenue corridor ensures high visibility and easy access. The master lease extends through 2031, offering long-term stability for tenants. This is a rare opportunity to secure premium office space in a highly desirable Bakersfield location. The building's traditional office design provides a professional and functional workspace. Contact us today to learn more about leasing options and to schedule a viewing.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,450,000
- 6.5%
- $6,880,000
- 7%
- $6,385,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,191,000
- AI Estimate
- $8,852,000
Market price range: $4.52M - $9.19MMarket price range: $2.33M - $8.85M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $7,020,000 Current use
- RESTAURANT
- $12,825,000 Change: +83% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $10,930,000 Change: +56% Conversion: Difficult
- MEDICAL BUILDING
- $7,245,000 Change: +3% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.061
- Latitude
- 35.3581
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA