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Property profile & analytics

2724 L St Bakersfield, CA 93301

  • Office buildings
  • 5,413 SF
  • 0.37 lot acres
Value Estimation
Location Intelligence
Property ID
US09-3325989
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,260
$98,469
$327,607
$426,076
-
$0.00
$0.00
$0.00
More about this property
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