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Property profile & analytics
OFF-MARKET Estimated value $400,000
Medical Office Space

3801 San Dimas St Bakersfield, CA 93301-5731

3,222 SF 0.29 ac lot Built 1983
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US09-3680993
Property summary
AI-generated overview

This exceptional 3,200 square foot medical office space is ideally situated at 3801 San Dimas Street, Unit B, Bakersfield, CA, directly across from Memorial Hospital. The property has undergone a complete remodel, offering a modern and efficient layout perfect for a variety of medical practices. The interior features five or more exam rooms, a dedicated X-ray room/exam room combination, a spacious waiting and reception area, private doctor's offices, a convenient breakroom, and three restrooms. Ample storage space is available throughout the building, along with abundant parking for staff and patients. The property sits on a 0.28-acre lot and is zoned C-O, reflecting its suitability for commercial medical use. Its prime location offers easy access to numerous other medical facilities and amenities, and enjoys excellent connectivity to major highways, ensuring convenient commutes for both patients and staff. The asking price for this turnkey medical office is $5,600. Note that an adjacent building, Unit A, which has also been completely remodeled, is also available for lease. This presents a unique opportunity for expansion or consolidation for a growing medical practice. The property's combination of location, modern amenities, and ample space makes it an attractive investment for any medical professional seeking a thriving practice environment.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction WOOD
Total area 3,222 SF
Lot 0.29 ac (12,632 SF)
Zoning code CO
APN 120-250-15-00-2
UPID US09-3680993
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
  • Dr. Edward L. Nichols, MD Physician
  • Klupsteen Mathilda E MD Physician
  • Dr. Ned Devasia Physician
  • Williams Trevor D Physician
  • Luxor Eye Institute Medical Clinic Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$660k
Comparable Approach Comparable
$642k
Blend (final) Blend
$400k
Owner & transaction history
Elf Properties LLC · 16 yrs held
Elf Properties LLC
since 2010
3 recorded transactions
2010
$515,000
1996
Price N/A
1969
Price N/A
Zoning & alternative use
CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.1M +49.1%
Auto repair, garage $1.1M +41.8%
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