4040 California Ave Bakersfield, CA 93309-1012
Property Lookup
Property profile & analytics
4040 California Ave Bakersfield, CA 93309-1012
- Medical Office Space
- 4,680 SF
- 0.69 lot acres
Property ID
US09-2686278
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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
- Property size
- 4,680 SF
- Zone code
- C2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 332-322-12-00-2
- APU
- 33232212002
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
based on Realmo’s proprietary methodology
-
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$64,606
$918,000
$4,533,900
$5,451,900
-
$0.00
$0.00
$0.00
