4040 California Ave, Bakersfield, CA 93309-1012
- Medical Office Space
- 4,680 SF
- 0.69 lot acres
Current Use by Public Records
- Accelerated Urgent Care / Medical Clinic
- IDC LICENSING / Law Firm
Property Details for 4040 California Ave
- Year built
- 1971
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Zone code
- C2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 332-322-12-00-2
- APU
- 33232212002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 24, 2025 | — | Urgentcare Cal LLC | — | Deed · related | $2.9M · Oak Valley Community Bank |
| Oct 10, 2025 | $4,825,000 | Urgentcare Cal LLC | L D H Royal LLC | Grant Deed | — |
| Jul 27, 2021 | $5,312,500 | L D H Royal LLC | Cwrp 4040 California Ucc Owner LLC | Grant Deed | $3.5M · Great Lakes Cu |
| Feb 13, 2020 | $1,991,000 | Cwrp 4040 California Ucc Owner LLC | Metropolitan Life Insurance Company | Grant Deed | $2.2M · Western Alliance Bank |
| Nov 30, 1976 | — | — | — | Grant Deed · related | — |
Description
Exceptional investment opportunity: a 6,039 square foot Class B medical office building in Bakersfield, CA, currently occupied by Accelerated Urgent Care under an absolute NNN lease with 11 years remaining. The property boasts a 7.23% cap rate and a strong NOI of $354,125. Built in 2020, this state-of-the-art facility features 51 parking spaces on a 35,583 square foot lot. The lease includes a corporate/personal guarantee, providing significant security for investors. Rent increases annually at 3%, offering inflation protection. Accelerated Urgent Care, a prominent provider specializing in Medi-Cal patients, operates seven locations in Bakersfield alone and sixteen throughout California. Their focus on rapid patient care (within 15 minutes) contributes to their success in Kern County, where Medi-Cal covers over 38% of the population. This fee-simple property presents a passive investment opportunity with minimal management responsibilities. Located at a high-traffic, signalized intersection, this property offers excellent visibility and accessibility. The building underwent a complete retrofit in 2020, ensuring modern amenities and functionality. This is a rare chance to acquire a stable, high-performing medical office asset with significant long-term growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,955,000
- ML approach
- $5,985,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.047
- Latitude
- 35.3679
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
