Property profile

2724 L St Bakersfield, CA 93301

OFF-MARKET
Office buildings
Property ID
US09-3325989
5,413 SF 0.37 ac lot Built 1963
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1963
Construction WOOD
Total area 5,413 SF
Lot 0.37 ac (16,117 SF)
Zoning code M1
APN 002-150-20-00-6
UPID US09-3325989

Cap rate & NOI

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

Location

2724 L St Bakersfield, CA 93301-2349
Bakersfield metro Census 1600 BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
$725k
Blend (final) Blend
$475k

Owner & transaction history

since 2025
Last sale
$775,000
5 recorded transactions
2025
$775,000
2013
Price N/A
1995
Price N/A
1977
Price N/A
1969
Price N/A

Zoning & alternative use

M1 · Bakersfield, CA

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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