Property profile

1701 F St Bakersfield, CA 93301

OFF-MARKET
Office buildings
Property ID
US09-1098109
3,935 SF 0.18 ac lot Built 1947
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property at 1701 F Street in Bakersfield, California, presents a unique investment opportunity. Spanning 3,935 square feet on a 0.18-acre lot, this historic building boasts a prime downtown location in the Westchester area. Zoned C1, it's perfectly suited for a variety of business ventures. The main structure, a beautifully preserved Frank Munzer House, offers versatile space. The first floor features two spacious suites, a conference room, and two ADA-compliant restrooms. Upstairs, four offices and an additional restroom provide ample workspace. A separate, single-story rear building adds further functionality, including four offices or exam rooms, a reception area, a waiting area, two restrooms, and a kitchen. The property's exterior is meticulously maintained, showcasing tasteful curb appeal enhanced by a decorative iron fence. Accessibility is ensured by an ADA-compliant ramp. Mature landscaping and convenient on-street parking add to the property's appeal. Its central location offers excellent visibility and proximity to numerous amenities, including popular restaurants, hospitals, law firms, and the Kern County Superior Court. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for both owner-operators and investors seeking a high-profile downtown Bakersfield location. The asking price is $785,000.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1947
Construction WOOD
Total area 3,935 SF
Lot 0.18 ac (7,840 SF)
Zoning code C-1
APN 004-132-06-00-8
UPID US09-1098109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Film Production Television Studio
  • Law Firm
  • Hair Salon Nail Salon
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Location

1701 F St Bakersfield, CA 93301-4232
Bakersfield metro Census 1700 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
$855k
Comparable Approach Comparable
$806k
Blend (final) Blend
$675k

Owner & transaction history

since 2022
Last sale
$650,000
7 recorded transactions
2022
$650,000
2022
Price N/A
2020
Price N/A
2017
Price N/A
2015
Price N/A
2014
$350,000
2014
Price N/A

Zoning & alternative use

C-1 · Bakersfield, CA
Zoning description

The purpose of C-1 zone is to provide an adequate variation of retail establishments and services that conveniently serve the needs of residents in the immediate neighborhood.

General category COMMERCIAL
Top alternative use upside
Medical building $910,000 +16.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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