5558 California AveBakersfield, CA 93309

Property Details for 5558 California Ave

Year built

1978

Construction

WOOD

Lot size

2.21 AC

Property size (Sq ft)

20,760 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

331-350-20-00-3

APU

33135020003

Description

This exceptional Bakersfield office property offers two distinct spaces, ideal for businesses of varying sizes. Located at 5558 California Ave, 93309, in Kern County, CA, this single-tenant property is part of a four-building complex. One unit, a spacious 5,838 square foot standalone building, will be available January 1st, 2025, perfect for larger organizations requiring significant space. A second, smaller unit of 1,258 square feet will become available November 1st, 2024, providing a more compact solution. Both units are categorized as Traditional Office and Medical Office spaces, offering versatility for a range of professional uses. The property boasts ample parking, enhancing convenience for employees and clients. A tranquil courtyard featuring a waterfall provides a serene atmosphere, while gated entrances and private security ensure a safe and secure environment. This well-maintained property presents a unique opportunity to establish a presence in a desirable Bakersfield location. The property is a single-story building and does not include elevators. Contact us today to learn more about these exceptional office spaces.

• CAP approach

  CAP return

  Valuation

  6%

  $5,919,972

  6.5%

  $5,464,590

  7%

  $5,074,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,947,722

  Geo Method

  $3,947,722

• Alternative Use

  Use

  Valuation

  Residential

  $6,776,092

  Hospitality

  $6,206,864

  Educational

  $5,164,038

  Medical

  $5,341,636

  Retail

  $8,032,948

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3565

Longitude

-119.063

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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