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1206 California Ave 2,408 SF 100% Leased Retail Building Bakersfield, CA 93304 $575,000 ($238.79/SF)
INVESTMENT HIGHLIGHTS
- Unit 1: 1686 sq ft, currently rented at $2000 per month + NNN (triple net lease)
- High Visibility Location
- Unit 2: 906 sq ft, currently vacant, offering endless possibilities for customization or additional rental income
EXECUTIVE SUMMARY
Property Details:
• Unit 1: 1686 sq ft, currently rented at $2000 per month + NNN (triple net lease)
• Unit 2: 906 sq ft, currently vacant, offering endless possibilities for customization or additional rental income
Key Features:
• High Visibility Location: Situated in a prime area of Bakersfield, this property enjoys excellent visibility and accessibility, making it an ideal choice for businesses or residential tenants.
• Immediate Income: With one unit already generating $2000 per month, investors can benefit from steady rental income while exploring options for the vacant unit.
• Potential for Growth: The vacant 906 sq ft unit provides an excellent opportunity for additional rental income or customization to suit various needs, whether commercial or residential.
• Flexible Usage: The property’s layout and location make it suitable for a range of uses, including retail, office space, or residential living.
• Strong Rental Market: Bakersfield’s robust rental market ensures consistent demand, offering a secure investment with potential for long-term appreciation.
• Unit 1: 1686 sq ft, currently rented at $2000 per month + NNN (triple net lease)
• Unit 2: 906 sq ft, currently vacant, offering endless possibilities for customization or additional rental income
Key Features:
• High Visibility Location: Situated in a prime area of Bakersfield, this property enjoys excellent visibility and accessibility, making it an ideal choice for businesses or residential tenants.
• Immediate Income: With one unit already generating $2000 per month, investors can benefit from steady rental income while exploring options for the vacant unit.
• Potential for Growth: The vacant 906 sq ft unit provides an excellent opportunity for additional rental income or customization to suit various needs, whether commercial or residential.
• Flexible Usage: The property’s layout and location make it suitable for a range of uses, including retail, office space, or residential living.
• Strong Rental Market: Bakersfield’s robust rental market ensures consistent demand, offering a secure investment with potential for long-term appreciation.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,408 SF
Building Class
C
Year Built
1950
Price
$575,000
Price Per SF
$238.79
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.79
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Frontage
48’ on California Avenue
AMENITIES
- Signage
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 006-440-13-00-8 | Improvements Assessment | $288,117 |
| Land Assessment | $30,244 | Total Assessment | $318,361 |
PROPERTY TAXES
Parcel Number
006-440-13-00-8
Land Assessment
$30,244
Improvements Assessment
$288,117
Total Assessment
$318,361
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1206 California Ave
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