9236 California City BlvdCalifornia City, CA 93505

Property Details for 9236 California City Blvd

Year built

1988

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

1,328 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

205-071-05-00-6

APU

20507105006

Description

This exceptional investment opportunity presents a 1,753-square-foot freestanding medical office building in California City, CA. Currently 100% leased to Hall Ambulance, a highly creditworthy and pandemic-proof tenant, under a triple-net (NNN) lease, this property offers significant advantages for investors. The building boasts a strong 20+ year operating history at this location, with the tenant responsible for all expenses and property taxes, minimizing landlord responsibilities. The current annual gross income is $17,160, generating a 6.13% cap rate. Hall Ambulance recently extended their lease, demonstrating their long-term commitment to the site. The property sits on a 0.22-acre lot and features ample private parking with California City Blvd frontage. The building itself is well-maintained and includes multiple private rooms, a kitchen and dining area, and private restrooms. Located in a strategic trade area with approximately 111,679 residents within a 5-mile radius, this property offers a stable income stream with potential upside through future lease increases or owner-occupancy. The property's Commercial Office zoning provides flexibility for future uses. The asking price is $280,000, representing a compelling price per square foot of $159.73. This is a turnkey investment opportunity with a proven track record and a strong tenant. The APN is 205-071-05.

• CAP approach

  CAP return

  Valuation

  6%

  $418,867

  6.5%

  $386,647

  7%

  $359,029

• Comparable approach

  Method

  Valuation

  Relative Method

  $252,532

  Geo Method

  $252,532

• Alternative Use

  Use

  Valuation

  Residential

  $479,442

  Hospitality

  $439,166

  Educational

  $365,381

  Medical

  $377,947

  Retail

  $568,371

Location Insight

City

California City

County

Kern

State

California

Latitude

35.1255

Longitude

-117.963

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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