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Property profile & analytics
OFF-MARKET Estimated value $2,345,000
Motels

1010 Un Ave Bakersfield, CA 93307-3642

20,425 SF 1.64 ac lot Built 1960
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US10-2747537
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established 62-room motel situated on a spacious 1.64-acre lot at 1010 S Union Avenue, Bakersfield, CA. Established in 1960, the Country Inn Motel boasts a long-standing history of serving locals, travelers, and visitors alike. Its prime location near the Golden West Casino, a weekly outdoor swap meet, and the Kern County Fair (attracting over 300,000 attendees annually) ensures a consistent stream of guests throughout the year. The single-story motel features a mix of double-bed, single-bed, and suite accommodations. On-site amenities include a welcoming reception area and reservation desk, a two-bedroom apartment ideal for an on-site manager or owner, and convenient laundry facilities. Adding significant value to this offering is an adjacent building currently leased as a medical office, generating a stable monthly rental income of $6,000. The property also benefits from paid-off solar panels powering the on-site electric water heater system, providing cost-effective hot water for the entire property. The motel's 20,425 square feet of space and strategic location create a compelling investment prospect with substantial potential for strong returns. This turnkey operation is offered at $2,999,999 and presents a rare chance to acquire a thriving business with a proven track record and significant upside.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1960
Construction WOOD
Total area 20,425 SF
Lot 1.64 ac (71,438 SF)
Zoning code C-2
APN 169-180-19-00-9
UPID US10-2747537
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Country Inn Motel Hotel & Motel
  • Anthony P. Porras, Substance Medical Clinic
  • El Dorado Community Service Community Health Centre
  • Albert Castaneda, FACT Counselor
  • American Health Services Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.94M
CAP Approach CAP
$1.80M
Comparable Approach Comparable
$1.77M
Blend (final) Blend
$2.35M
Owner & transaction history
Sleephaven INC · 3 yrs held
Sleephaven INC
since 2023
Last sale
$2.2M
7 recorded transactions
2023
$2.2M
2021
$2.1M
2021
Price N/A
2020
Price N/A
2003
$600,000
2002
Price N/A
2001
Price N/A
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $3.7M +31.0%
Warehouse, storage $3.5M +23.9%
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