623 Sumner St, Bakersfield, CA 93305-5248
- Hotels
- 21,495 SF
- 0.57 lot acres
Current Use by Public Records
- N J Units LLC / Apartment Building
Property Details for 623 Sumner St
- Year built
- 1902
- Construction
- WOOD
- Lot size
- 0.57 lot acres
- Zone code
- C-2
- Property type
- Hotels
- APN
- 016-060-06-00-1
- APU
- 1606006001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 26, 2012 | $587,500 | Darshana K Patel | Nj Units LLC | Grant Deed | $450k · Open Bank |
| Jan 4, 2011 | $515,000 | Nj Units LLC | East West Bk | Grant Deed | $412k · East West Bank |
| Feb 25, 2010 | $850,000 | East West Bk | East-west Investment INC | Trustees Deed · related | — |
| Jul 20, 2005 | $2,300,000 | Sumner Investment LLC | Childress,jimmie D | Grant Deed | $1.4M · East West Bank |
| Jul 29, 2004 | — | Jimmie D Childress | Childress,evelyn S | Quit Claim Deed · related | — |
| Jul 29, 2004 | $350,000 | Jimmie D Childress | Floria,ronald A | Grant Deed | — |
| Sep 19, 2003 | $100,000 | Ronald A Floria | Brewer,dolores V | Trustees Deed | — |
| Dec 19, 2001 | — | Dolores V Brewer | Brewer,dolores V | Quit Claim Deed · related | $136k · Cal Star Mortgage |
| Jan 26, 2001 | $80,000 | Dolores V Brewer | Patel,axay | Quit Claim Deed · related | $145k · Seller |
Description
This exceptional investment opportunity presents a 28-unit motel and seven retail storefronts situated on a 34,767 square foot lot in Bakersfield, California's historic Old Town Kern. The property, totaling 21,495 square feet, boasts a rich history, having been built in 1902 and renovated in 2011. The two-story building is zoned C2, offering flexibility for various uses. The motel features 28 keys and 28 beds, providing immediate income potential. The seven retail spaces present an additional revenue stream or redevelopment potential, aligning perfectly with the ongoing revitalization efforts in Old Town Kern. This area is experiencing significant growth, fueled by new housing developments like the Renaissance at Baker, an 85-unit affordable housing complex. The property's prime location, just a five-minute drive from Downtown Bakersfield, offers unparalleled convenience and access to the area's vibrant cultural scene, including renowned restaurants like Pyrenees Café, Luigi's, and Wool Growers Restaurant. The City of Bakersfield is actively investing in Old Town Kern's revitalization, offering potential incentives for developers. This property is ideal for both first-time hotel owner-operators seeking a manageable income-producing asset and developers/investors looking for a high-potential site for revitalization. The property's combination of historical charm, strong income potential, and location within a rapidly developing area makes it a truly unique investment opportunity.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.993
- Latitude
- 35.3767
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
