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Property profile & analytics
OFF-MARKET
Theaters & concert halls
1931 Chester Ave Bakersfield, CA 93301-4417
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-0447022
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1940
Construction
WOOD
Total area
1,511 SF
Lot
0.03 ac (1,306 SF)
Zoning code
C-B
APN
005-492-06-00-0
UPID
US09-0447022
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
-
Stars Theatre Restaurant Restaurant
-
Bakersfield Music Theatre Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cpd Investments LLC · 9 yrs held
Cpd Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-B · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bakersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bakersfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,042
Tax year 2023
Assessed value
$172,901
Assessed 2023
Previous assessed
$172,901
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$22,308
Assessed improvement
$150,593
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
YES
Cooling
YES
Total area
1,511 SF
Lot
0.03 ac (1,306 SF)
Zoning code
C-B
APN
005-492-06-00-0
UPID
US09-0447022
Jurisdiction
KERN
Zoning & alternative use
C-B · Bakersfield, CA
Zoning C-B · permitted uses
C-B · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bakersfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.03 ac
Current owner
From public records · entity-resolved
Cpd Investments LLC
Entity
Mailing address
2724 MOSASCO ST, BAKERSFIELD, CA 93312-2606
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2017
$1,300,000
Cpd Investments LLC
Wes Bradford Properties LLC
Grant Deed
$650,000 · Mission Bank
Feb 1, 2017
—
Wes Bradford Properties LLC
—
Grant Deed
related
$3,000,000 · Mission Bk
Apr 16, 2014
—
Wes Bradford Properties LLC
Bradford,wes
Quit Claim Deed
related
—
Apr 3, 2014
—
Wes Bradford
Bradford Living Trust
Quit Claim Deed
related
—
Dec 8, 2010
—
Bradford Living Trust
—
Deed Of Trust
related
$1,000,000 · Mission Bank
May 13, 2004
—
Bradford,tr
Bradford,wes R
Quit Claim Deed
related
—
Jan 21, 1998
—
Wes R Bradford
Bradford,jonnie B
Quit Claim Deed
related
—
Jan 21, 1998
$3,000
Bradford,wes R
Bakersfield Believers Church
Trustees Deed
related
—
Mar 9, 1993
$180,000
Believers Church I Bakersfield
Park Place Prope
Grant Deed
$280,000 · Park Place Propert
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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