1001 McDonald, Bakersfield, CA 93309, Bakersfield, 93309 - 2 bed, 1 bath
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Bakersfield, CA 93309
This 2-bedroom condominium represents a High-Potential Investment Opportunity, listed at a List Price of $180,000—positioned well above the $151,754 Fair Market Value by 18%. While the property requires modernization due to its Fair Condition Rating, its central Bakersfield location near transit and shopping ensures consistent rental demand. The unit offers a stable, tenant-occupied foundation for those seeking a value-add project. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic renovations.
Property is moderate renovation needed.
The property is 50 years old (built 1976) and lacks mention of recent renovations. While the listing describes it as 'nice and clean' and it is currently tenant-occupied, the age suggests that the kitchen, bathroom, and major systems are dated and will require modernization to meet current market standards.
Situated in a central area of Bakersfield, the property offers convenient access to shopping centers and public transportation, making it highly desirable for commuters and renters.
Priced competitively at $180,000, this 2-bedroom condominium represents an affordable entry point for first-time buyers or investors looking for a rental property in a stable market.
The unit is located within a 'nice and clean' complex, suggesting a well-managed environment that preserves the property's long-term value and curb appeal.
The property is currently tenant-occupied, which requires scheduled appointments for showings and may delay immediate possession for owner-occupant buyers.
A monthly association fee of $335 adds to the total cost of ownership, which may impact the debt-to-income ratio for some buyers or reduce net yields for investors.
Nice and clean complex, centrally located, close to shopping, bus stop, making this a prime location. TENANT OCCUPIED, give us a call to schedule appointment for showing.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 1,007 | 1,411.5 | 13% |
| Lot Size | - | 2,054.5 | 38% |
| Price | $180.0K | $257.5K | 13% |
| Price per sq ft | $179 | $185 | 38% |
| Built year | 1976 | 1973 | 63% |
| HOA | $335 | $247 | 75% |
| Days on market | 10 | 161 | 13% |
May 27, 2026
$180,000
Initial Listing
Jul 25, 2014
$2,050,000
Public Record
Nov 13, 2009
$25,000
Public Record
Jun 28, 2006
$475,000
Public Record
Sep 30, 2005
$3,336,000
Public Record