1830 Locust StRosamond, CA 93560

Property Details for 1830 Locust St

Construction

WOOD

Lot size

0.12 AC

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

258-054-20-00-0

APU

25805420000

Description

This versatile 1,600 square foot mixed-use property, situated on a 0.12-acre lot at 1830 Locust Street in Rosamond, CA, presents a unique investment opportunity. The building boasts existing water, sewer, and electrical connections, along with two gas meters, making it ideal for a variety of commercial ventures. Previous uses included a movie production office, suggesting adaptability for diverse businesses. Potential uses could include a tattoo parlor, a small office, a smog shop, a tire shop, or a used car lot. The property is currently undergoing renovations by the owner. The building's size and existing infrastructure offer significant potential for a range of commercial applications. The seller prefers cash offers but will consider financing options with a 6.5% to 7.5% interest rate. This property is ready for a new owner to capitalize on its potential and establish a thriving business. The location in Rosamond offers convenient access to local amenities and transportation routes. The 75/75 lot configuration provides ample space for both building and potential outdoor use. This is a rare opportunity to acquire a well-located, adaptable commercial property at an attractive price point. Don't miss out on this chance to own a piece of Rosamond's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,655,989

  6.5%

  $1,528,605

  7%

  $1,419,419

• Comparable approach

  Method

  Valuation

  Relative Method

  $993,966

  Geo Method

  $993,966

• Alternative Use

  Use

  Valuation

  Residential

  $1,895,470

  Hospitality

  $1,736,240

  Educational

  $1,444,532

  Medical

  $1,494,211

  Retail

  $2,247,049

Location Insight

City

Rosamond

County

Kern

State

California

Latitude

34.8623

Longitude

-118.165

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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