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Property profile & analytics
OFF-MARKET Estimated value $550,000
Medical Office Space

3811 Mt Vernon Ave Bakersfield, CA 93306-1442

3,811 SF 0.18 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-2830112
Property summary
AI-generated overview

This exceptional Bakersfield commercial property, located at 3811 Mount Vernon Ave, presents a unique investment opportunity. The 3,811 square foot building, situated on a 7,840 square foot lot (APN 38236010), offers a blend of retail and office space, perfectly suited for a variety of uses. Built in 1969 and extensively renovated in 2013, the two-story structure boasts eleven offices, four restrooms, and a kitchen, providing ample flexibility for diverse business needs. The property's C-O zoning allows for a range of commercial activities. Its prime location across from Bakersfield College and on a high-traffic business corridor ensures excellent visibility and accessibility. The asking price is $550,000, translating to $144.32 per square foot. Additional features include a sizable backyard and ample parking, adding significant value to this already attractive offering. The updated infrastructure, including new flooring, electrical, and paint, ensures a move-in ready condition. This property represents a rare chance to acquire a versatile and well-located commercial space in a thriving Bakersfield market. Don't miss this opportunity to own a piece of Bakersfield's vibrant business landscape.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1969
Construction WOOD
Total area 3,811 SF
Lot 0.18 ac (7,840 SF)
Zoning code C-O
APN 382-360-10-00-9
UPID US10-2830112
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
  • CSF Surgery Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$599k
Blend (final) Blend
$550k
Owner & transaction history
David L Nguyen Dmd INC · 1 yrs held
David L Nguyen Dmd INC
since 2024
Last sale
$550,000
7 recorded transactions
2024
Price N/A
2024
$550,000
2013
$310,000
2011
$131,200
2005
$335,000
2005
Price N/A
1969
Price N/A
Zoning & alternative use
C-O · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose of C-O zone is to designate areas suitable for business and professional office development and may also serve as a buffer between regional commercial and residential areas.

Zone name Commercial And Professional Office
General category COMMERCIAL
Zone area 655.71 ac
Source Realmo
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