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Downtown Building for Sale - PRICE REDUCTION! 331 18th St 3,000 SF Office Building Bakersfield, CA 93301 $634,976 CAD ($211.66 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$67,233
|
$22.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,233
|
$22.41
|
| Taxes |
$8,300
|
$2.77
|
| Operating Expenses |
$9,130
|
$3.04
|
| Total Expenses |
$17,431
|
$5.81
|
| Net Operating Income |
$49,802
|
$16.60
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $67,233 |
| Annual Per SF | $22.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $67,233 |
| Annual Per SF | $22.41 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,300 |
| Annual Per SF | $2.77 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,130 |
| Annual Per SF | $3.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,431 |
| Annual Per SF | $5.81 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $49,802 |
| Annual Per SF | $16.60 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,000 SF
Building Class
B
Year Built
1953
Price
$634,976 CAD
Price Per SF
$211.66 CAD
Cap Rate
7.87%
NOI
$49,989 CAD
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 | $236,448 CAD (2025) |
| Land Assessment | $64,635 CAD (2025) | Annual Taxes | $8,300 CAD ($2.77 CAD/SF) |
| Improvements Assessment | $171,813 CAD (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
006-124-09-00-2
Land Assessment
$64,635 CAD (2025)
Improvements Assessment
$171,813 CAD (2025)
Total Assessment
$236,448 CAD (2025)
Annual Taxes
$8,300 CAD ($2.77 CAD/SF)
Tax Year
2026
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Downtown Building for Sale - PRICE REDUCTION! | 331 18th St
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