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Downtown Building for Sale - PRICE REDUCTION! 331 18th St 3,000 SF Office Building Bakersfield, CA 93301 $459,000 ($153/SF) 7.87% Cap Rate
Investment Highlights
- Free Standing Downtown Building
- Located in the East Chester Redevelopment District
Executive Summary
Positioned in the heart of Downtown Bakersfield, 331 18th Street presents a compelling investment opportunity with a reduced asking price of $459,000. This ±3,000 SF freestanding office building sits on a 0.25-acre parcel and is zoned C-2, offering flexibility for a range of commercial uses. The property features a functional layout with multiple private offices, two conference rooms, a break room, and dedicated storage areas. The building’s efficient parking ratio of 2.41 spaces per 1,000 SF supports professional office operations.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$48,600
|
$16.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$48,600
|
$16.20
|
| Taxes |
$6,000
|
$2.00
|
| Operating Expenses |
$6,600
|
$2.20
|
| Total Expenses |
$12,600
|
$4.20
|
| Net Operating Income |
$36,000
|
$12.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $48,600 |
| Annual Per SF | $16.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $48,600 |
| Annual Per SF | $16.20 |
| Taxes | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $2.00 |
| Operating Expenses | |
|---|---|
| Annual | $6,600 |
| Annual Per SF | $2.20 |
| Total Expenses | |
|---|---|
| Annual | $12,600 |
| Annual Per SF | $4.20 |
| Net Operating Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $12.00 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,000 SF
Building Class
B
Year Built
1953
Price
$459,000
Price Per SF
$153
Cap Rate
7.87%
NOI
$36,135
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,000 SF
Building FAR
0.55
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
8 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Kern Adult Literacy Council
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Kern Adult Literacy Council | Services | - | - | - |
1 1
Property Taxes
| Parcel Number | 006-124-09-00-2 | Total Assessment | $170,919 (2025) |
| Land Assessment | $46,722 (2025) | Annual Taxes | $6,000 ($2.00/SF) |
| Improvements Assessment | $124,197 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
006-124-09-00-2
Land Assessment
$46,722 (2025)
Improvements Assessment
$124,197 (2025)
Total Assessment
$170,919 (2025)
Annual Taxes
$6,000 ($2.00/SF)
Tax Year
2026
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Downtown Building for Sale - PRICE REDUCTION! | 331 18th St
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