1307 M, Bakersfield, CA 93301, Bakersfield, 93301 - 3 bed, 1 bath
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Bakersfield, CA 93301
This property presents a High-Potential Investment Opportunity with a List Price of $259,900—positioned well below the $247,928 Fair Market Value by -4%. While the home maintains a Condition Rating of 5, the R-4 Zoning and expansive 7,120 sqft lot provide significant upside for ADU development or multi-unit expansion. This asset requires a full rehab to modernize its 1921 foundation, offering a clear path to forced appreciation. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in an established neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1307 M Subject | $259,900* List Price | 3 | 1 | 1,562 | $159 | - |
A 2606 Truxtun Avenue Pending | $190,000 List Price | 2 | 1 | 1,259 | $151 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this 103-year-old property lacks any mention of recent renovations to the kitchen, baths, or major systems. The listing's emphasis on 'upside potential,' 'investors,' and 'average condition' suggests the home is significantly dated and requires a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7120, living area = 1562.
The R-4 zoning and spacious 7,120 sqft lot provide significant upside for investors or homeowners looking to add an ADU or explore multi-unit development.
With a list price of $259,900 and a highly motivated seller, this property offers a low entry point for a 1,562 sqft home with substantial equity-building potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7120, other record lot size in square feet = 6969.
The property currently lacks a garage, which may be a drawback for buyers requiring covered parking or additional secure storage space.
Built in 1921 and listed in average condition, the home likely requires modernization and updates to its century-old systems to meet contemporary standards.
Opportunity awaits at this charming 3-bedroom, 1-bath home offering approximately 1,562 square feet of living space. Situated on a tree-lined street in an established neighborhood, this property features a spacious backyard with ample room and potential for an ADU addition (buyer to verify with the City of Bakersfield). With no existing garage and an R-4 zoned lot, the possibilities for expansion and future development are worth exploring. The home is in average condition and provides a solid foundation for homeowners, investors, or those looking to add value over time. Conveniently located near shopping, dining, schools, and everyday amenities, this property combines location, space, and potential. The seller is highly motivated and ready to make a deal. Don't miss this opportunity to own a property with upside potential in a desirable Bakersfield location. Submit all offers!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,562 | - |
| Lot Size | 7,120 | - |
| Price | $259.9K | $399.2K |
| Price per sq ft | $166 | $245 |
| Built year | 1921 | 0 |
| HOA | $0 | $0 |
| Days on market | 57 | 57 |
May 26, 2026
$259,900
Initial Listing