7941 Brundage Ln, Bakersfield, CA 93307-3053
- Hotels
- 44,779 SF
- 2.17 lot acres
Current Use by Public Records
- Hampton Inn & Suites Bakersfield/Hwy 58, CA / Hotel & Motel
Property Details for 7941 Brundage Ln
- Year built
- 2010
- Construction
- WOOD
- Lot size
- 2.17 lot acres
- Zone code
- M2
- Property type
- Hotels
- APN
- 173-020-58-00-6
- APU
- 17302058006
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 13, 2023 | — | Dae Sung Cha | — | Deed · related | $4.5M · East West Bank |
| Feb 13, 2019 | — | Cha 2008 Family Trust | — | Deed · related | $631k · Bank Of Hope |
| Oct 2, 2017 | — | Cha 2008 Family Trust | — | Deed · related | $3.3M · Cdc Small Busn Fin |
| Sep 15, 2017 | — | Cha Family Trust | — | Deed | $5.3M · Bank Of Hope |
| Aug 14, 2008 | — | Prime Hospitality Services LLC | — | Trustees Deed · related | $7.2M · San Joaquin Bank |
| — | — | Cha Family Trust | — | Deed Of Trust | $3.2M · Bank Of Hope |
| — | — | Cha 2008 Family Trust | — | Deed Of Trust · related | $631k · Bank Of Hope |
| — | — | Prime Hospitality Services LLC | — | Deed Of Trust · related | $5M · Tri Counties Bank |
| — | — | Prime Hospitality Services LLC | — | Deed Of Trust · related | $2.3M · Tri Counties Bank |
| — | — | Cha 2008 Family Trust | — | Deed Of Trust · related | $3.3M · Cdc Small Busn Fin |
| — | — | Cha Family Trust | — | Deed Of Trust · related | $5.3M · Bank Of Hope |
Description
This exceptional investment opportunity presents a 94-key Hampton Inn & Suites Bakersfield/Hwy 58, a four-story, 44,779-square-foot hotel built in 2009. Situated on a 2.17-acre lot in Kern County, CA (APN: 173-020-58-00-6), this property boasts a prime suburban location near major transportation arteries. The hotel features a business center, fitness center, meeting/event space (675 sq ft), a pool, and room service, catering to both business and leisure travelers. Financial performance is strong, with a Net Operating Income (NOI) of $1,309,000 and a compelling 7.75% capitalization rate based on an asking price of $16,900,000. The hotel's strong occupancy rate and competitive Average Daily Rate (ADR) contribute to a RevPAR well above average, indicating efficient revenue generation. This Hilton franchise enjoys a consistently high occupancy rate and generates a gross revenue of $3.1 million. The property is zoned M2 and offers a well-maintained, high-performing asset in a growing market, making it an ideal addition to any investment portfolio. This is a principal-only offering.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,280,000
- 6.5%
- $3,950,000
- 7%
- $3,670,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,766,000
Market price range: $1.23M - $4.77M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $6,235,000 Current use
- AUTO REPAIR, GARAGE
- $6,200,000 Change: -1% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.916
- Latitude
- 35.3536
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
