2724 L St Bakersfield, CA 93301
- Office buildings
- 5,413 SF
- 0.37 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2724 L St
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 0.37 lot acres
- Property size
- 5,413 SF
- Zone code
- M1
- Property type
- Office buildings
- APN
- 002-150-20-00-6
- APU
- 215020006
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $495,000
- 7%
- $565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $595,000
- Geo Method
- $525,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $545,000
- Retail
- $480,000
- Mixed-Use
- $465,000
- Hospitality
- $525,000
- Educational
- $600,000
- Residential Income
- $620,000
- Energy
- $605,000
- Income-Based Land
- $475,000
- Food Service
- $620,000
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.016
- Latitude
- 35.3845
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA