2724 L St Bakersfield, CA 93301-2349
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Bakersfield, CABakersfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.