5100 California AveBakersfield, CA 93309

Property Details for 5100 California Ave

Year built

1980

Construction

WOOD

Lot size

2.53 AC

Property size (Sq ft)

48,912 SF

Zone code

C-O

Property type

Office buildings

APN

331-032-30-00-3

APU

33103230003

Description

Office Centre Plaza presents a compelling investment opportunity in Bakersfield's vibrant California Avenue corridor. This attractive garden-style office complex comprises two buildings totaling 48,652 square feet, offering a range of traditional, executive, and creative office spaces. Currently, 10,180 square feet are available, divisible into units as small as 570 square feet and up to a contiguous 3,257 square feet. The property features nine total suites across two two-story buildings situated on a 3.68-acre lot. Tenants benefit from efficient layouts with direct suite entry, eliminating shared lobbies. Ample parking is provided, including both covered and surface options. The strategic location at the major intersection of California Avenue and Mohawk Street offers excellent visibility, enhanced by available monument signage. The property boasts secured common areas with attractive landscaping. Convenient access to major thoroughfares, including the Westside Parkway, Highway 99, and Highway 58, ensures easy commutes throughout Bakersfield and beyond. This Class B property offers flexibility for businesses of all sizes, from small startups seeking expansion potential to larger firms needing adaptable space. The property's location and amenities make it an ideal choice for businesses seeking a prominent and convenient Bakersfield address.

• CAP approach

  CAP return

  Valuation

  6%

  $15,807,200

  6.5%

  $14,591,300

  7%

  $13,549,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,301,110

  Geo Method

  $9,301,110

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $28,547,400

  Retail / Commercial

  $14,674,100

  Mixed-Use / Specialty

  $14,649,500

  Hospitality / Lodging

  $10,783,900

  Institutional / Educational

  $15,239,500

  Residential Income

  $17,830,200

  Multifamily

  $21,231,000

  Automotive / Energy

  $13,062,400

  Parking / Income-Based Land

  $4,480,300

  Restaurant / Food Service

  $7,678,430

  Healthcare / Senior Housing

  $14,994,400

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3609

Longitude

-119.061

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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