1603 California AveBakersfield, CA 93304

  • Office properties
  • 8,409 SF
For Sale
$750,000 View listing

Property Details for 1603 California Ave

Year built
1953
Construction
WOOD
Lot size
0.27 AC
Property size (Sq ft)
8,409 SF
Zone code
C-1
Property type
Office properties
Property subtype
Office buildings
APN
009-011-04-00-5
APU
901104005

Description

1603 California Ave, Bakersfield, CA 93304, presents a unique opportunity for businesses seeking prime retail space in the heart of Downtown Bakersfield. This free-standing multi-tenant building offers a total of 8,409 square feet, with four spaces currently available, ranging from a minimum of 130 square feet to a maximum contiguous space of 334 square feet. A total of 2,549 square feet is currently vacant, providing flexibility for various business needs. The property boasts an excellent location at the corner of Eye Street and California Avenue, within the bustling Downtown Bakersfield Business Corridor. Its strategic position offers high visibility and accessibility, placing it in close proximity to key civic buildings, including city and county administrative offices, courts, the hall of records, and the Bakersfield Police Department. Furthermore, its convenient location is surrounded by a variety of amenities, including banks, law offices, insurance agencies, and a diverse selection of local and national restaurants. The property includes 11 parking spaces for tenant and customer convenience. The Kern County Assessor's Parcel Number (APN) is 009-011-04. This property is ideal for businesses seeking a high-traffic location with strong visibility and proximity to a dense concentration of potential customers and essential services. The flexible space options cater to a variety of business sizes and needs, making it an attractive investment opportunity in a thriving downtown area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,397,282
    6.5%
    $2,212,876
    7%
    $2,054,813
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,599,056
    Geo Method
    $1,599,056
  • Alternative Use

    Use
    Valuation
    Residential
    $2,743,966
    Hospitality
    $2,513,458
    Educational
    $2,091,168
    Medical
    $2,163,086
    Retail
    $3,252,928
1603 California Ave, Bakersfield, California

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.3681
Longitude
-119.02
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
$6,024
$124,084
$366,761
$490,845
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-
-
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