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Star-Liter Motor Hotel 900 S Union Ave 29 Room Hotel Bakersfield, CA 93307 $2,399,999 ($82,759/Room) 10.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Historical occupancy in this area runs 70% or more
- Close to Kern County Fair Ground Event Center
- Easy access to public transportation
- Busy street with ideal location for motel
- Close to casino and huge swap meet
- Night Life in the area
EXECUTIVE SUMMARY
Owner managed and run since 1990, reap rewards of their hard work they've put to keep this business afloat, profitable and a staple in the area for decades. This is a Prime investment opportunity in the busy hospitality area of Bakersfield with an estimated yearly gross revenue of $250,000+. Welcome to the Star-Liter Motel! A Bakersfield original serving locals, travelers & visitors for decades. This 29 room motel on a 1.15 acre lot, is conveniently located near the Golden West Casino, weekly outdoor swap meet, Kern County Fair which attended by over 300,000 people every year and public transportation ensuring steady stream of guests year round. Motel is a 1 story, with mix of double bed and single bed rooms. Property features welcoming guest check-in area, office area, 2 bedroom 1 bath apartment for on site manager/owner to comfortably live in. There is also a separate spacious area for on site laundry facility. This project can generate promising returns and a business deemed for success. Seller will consider seller carry. Contact listing agent for details.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,399,999 | Lot Size | 1.15 AC |
| Price Per Room | $82,759 | Building Size | 9,328 SF |
| Sale Type | Investment | No. Rooms | 29 |
| Cap Rate | 10.42% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1937 |
| Property Type | Hospitality | Parking Ratio | 3.22/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | SP - C-2 Commercial Retail | ||
| Price | $2,399,999 |
| Price Per Room | $82,759 |
| Sale Type | Investment |
| Cap Rate | 10.42% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.15 AC |
| Building Size | 9,328 SF |
| No. Rooms | 29 |
| No. Stories | 1 |
| Year Built | 1937 |
| Parking Ratio | 3.22/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | SP - C-2 Commercial Retail |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 900 S UNION AVE , BAKERSFIELD, CA 93307
Prime investment opportunity in the busy hospitality area of Bakersfield. Welcome to the Star-Liter Motel! A Bakersfield original serving locals, travelers & visitors for decades. This 29 room motel on a 1.15 acre lot, is conveniently located near the Golden West Casino, weekly outdoor swap meet, Kern County Fair which attended by over 300,000 people every year and public transportation ensuring steady stream of guests year round. Motel is a 1 story, with mix of double bed and single bed rooms. Property features welcoming guest check-in area, office area, 2 bedroom apartment for on site manager/owner to comfortably live in. There is also a separate spacious area for on site laundry facility. This project can generate promising returns and a business deemed for success.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 29 | $62.00 | - |
PROPERTY TAXES
| Parcel Number | 169-180-39-00-7 | Total Assessment | $525,408 |
| Land Assessment | $93,808 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $431,600 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
169-180-39-00-7
Land Assessment
$93,808
Improvements Assessment
$431,600
Total Assessment
$525,408
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Star-Liter Motor Hotel | 900 S Union Ave
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