1222 E 18th Street, Bakersfield, CA 93305, Bakersfield, 93305 - 3 bed, 2 bath
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Bakersfield, CA 93305
This property presents a High-Potential Investment Opportunity with a List Price of $280,000—positioned well below the $267,849 Fair Market Value by -4%. While the valuation reflects a premium, the R3 Zoning and expansive 7,494 sqft lot provide significant upside for multi-unit development or ADU expansion. Featuring a Condition Rating of 4, the home offers modern interior updates like new flooring, balanced by vintage infrastructure. This is a strategic Value-Add Asset ideal for Buy-and-Hold Investors or Developers seeking high-density growth potential.
Property is moderate renovation needed.
The 1950s home features recent cosmetic improvements like new LVP flooring and fresh paint, but remains largely dated. The kitchen cabinets and white appliances are older, the laundry area is located in an unfinished outdoor/patio space, and the presence of a roof-mounted swamp cooler indicates older climate control systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7494, living area = 1140.
The property is situated on R3 zoned land, offering significant investment value for potential multi-unit development or high-density expansion.
The home features new flooring throughout and tasteful modern updates, providing a move-in-ready aesthetic that appeals to both homeowners and renters.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7494, other record lot size in square feet = 7405.
Built in 1950, the residence may require more frequent maintenance or future upgrades to its aging mechanical and structural systems compared to newer builds.
The conversion of the garage into a den increases interior living space but eliminates traditional covered vehicle storage, which may be a drawback for some buyers.
Step into this beautifully maintained 3-bedroom, 1.5-bath home , R3 Zonned Land for potential development. nestled in the heart of East Bakersfield. Full of character and warmth, this classic residence showcases timeless with tasteful modern updates, including new flooring throughout. Enjoy a spacious living area perfect for relaxing or entertaining.The garage has been thoughtfully converted into a cozy den, adding extra living space for your needs. The expansive backyard offers endless possibilities, with convenient alley access ideal for gatherings, gardening, or future projects. Located near local schools, parks, and everyday amenities, this home blends comfort, charm, and convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,140 | 1,202 | 50% |
| Lot Size | 7,494 | 6,502.5 | 75% |
| Price | $280.0K | $267.5K | 50% |
| Price per sq ft | $246 | $208 | 75% |
| Built year | 1950 | 1953 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 138 | 8% |
May 1, 2026
$280,000
Initial Listing
Apr 19, 2024
$237,000
Public Record
Jun 18, 2021
$170,000
Public Record