4900 California Ave Tower BBakersfield, CA 93309

Property Details for 4900 California Ave Tower B

Construction

WOOD FRAME

Lot size

1.87 AC

Zone code

C-O

Property type

Office properties

Property subtype

Office buildings

APN

331-023-01-00-3

APU

33102301003

Description

This Class A office space, located at 4900 California Avenue Tower B, 2nd Floor, Bakersfield, CA 93309, offers a variety of flexible workspace options. The building, totaling 14,916 square feet, features 350 suites and currently has 5,970 square feet of vacant space available. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The property is ideal for executive offices, coworking spaces, and creative office setups, offering a blend of traditional and professional work environments. The building underwent renovations in 2019 and includes elevators for convenient access. Situated in Kern County, this location boasts a pleasant landscaped setting and benefits from recent upgrades to its lighting and mechanical systems, promoting energy efficiency and a green work environment. The surrounding area offers additional amenities, including nearby golf courses. This is a multiple tenancy building.

• CAP approach

  CAP return

  Valuation

  6%

  $23,227,232

  6.5%

  $21,440,522

  7%

  $19,909,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,489,863

  Geo Method

  $15,489,863

• Alternative Use

  Use

  Valuation

  Residential

  $26,586,248

  Hospitality

  $24,352,860

  Educational

  $20,261,294

  Medical

  $20,958,110

  Retail

  $31,517,568

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3655

Longitude

-119.057

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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