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Property profile & analytics
OFF-MARKET Estimated value $990,000
Motels

516 Un Ave Bakersfield, CA 93307-3606

7,963 SF 2.24 ac lot Built 1953
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US09-2170198
Property summary
AI-generated overview

This exceptional 28-unit motel located at 516 S Union Ave, Bakersfield, CA 93307, presents a compelling investment opportunity. Boasting a prime location in Kern County, this single-story property sits on a substantial 2.69-acre lot, zoned C2. Built in 1953, the motel has undergone a complete renovation, including new roofing, doors, lighting, windows, bathrooms, water lines, water heaters, electrical systems, and mini-split HVAC units. The property is currently vacant, offering a blank canvas for a new owner-operator or investor to maximize its potential. The large lot provides significant room for expansion or future development. With 28 beds spread across its units, this motel represents a substantial asset with considerable upside. The asking price is $3,200,000. The Assessor's Parcel Number (APN) is 16912012. This is a turnkey operation ready for immediate occupancy and revenue generation. The extensive renovations ensure minimal upfront capital expenditure, allowing for a swift return on investment. The property's vacant status presents a unique opportunity to implement personalized management strategies and branding. This is an ideal acquisition for both seasoned hospitality investors and those seeking their first venture into the hotel industry. The combination of a renovated property, ample land, and strategic location makes this a truly exceptional investment opportunity.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1953
Construction WOOD
Total area 7,963 SF
Lot 2.24 ac (97,574 SF)
Zoning code C-2
APN 169-120-12-00-0
UPID US09-2170198
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
  • Desert Star Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.28M
CAP Approach CAP
$705k
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$990k
Owner & transaction history
Kong Property LLC · 4 yrs held
Kong Property LLC
since 2021
Last sale
$970,000
4 recorded transactions
2021
$970,000
2016
$875,000
1998
$130,000
1994
$247,500
Zoning & alternative use
C-2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $1.5M +31.0%
Warehouse, storage $1.4M +23.9%
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