
Bakersfield, CA 93305
This property presents a High-Potential Investment Opportunity with a List Price of $245,000—positioned well below the $164,374 Fair Market Value by -49%. Featuring an R-2 Zoning and an oversized 9,036 sqft lot, this Single Family Residence offers significant development potential, including a detached garage ready for ADU conversion. Despite a Condition Rating of 5 and current occupancy challenges, the recent Roof and HVAC updates provide a solid foundation. This asset is strictly for Buy-and-Hold Investors or Cash-Ready Developers capable of managing tenant-occupied, as-is acquisitions.
Property is extensive renovation needed.
While the roof and HVAC have been updated recently, the 1944 structure is being sold 'as-is' with no interior access and requires cash-only financing. These factors, combined with uncooperative tenants, strongly indicate significant deferred maintenance or interior rehab requirements typical of a poor condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9036, living area = 1391.
The oversized 9,036 sqft lot is zoned R-2 and includes a detached garage already converted to storage, providing a prime opportunity for an ADU conversion or multi-unit development to maximize rental yield.
The property features significant recent upgrades including a newer roof, HVAC system, and dual-pane windows, which helps mitigate future maintenance costs despite the 'as-is' sale condition.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9036, other record lot size in square feet = 9147.
The property is occupied by uncooperative tenants with no interior access permitted prior to purchase, creating high uncertainty regarding the interior condition and potential legal costs for possession.
The requirement for cash or private financing only, combined with a strict 'as-is' policy and no seller credits, excludes traditional buyers and necessitates a high-liquidity investor.
Great opportunity to purchase this home well below market value in an established area of lower La Cresta. The home has had updating over the past few years that include dual pane windows, roof, HVAC, and sits on a oversized lot Zoned R-2. The property has a detached garage that is converted to a storage room already and has the possibility to convert to a ADU making it ideal for an investor to collect additional income. The property will be sold in AS-IS condition and seller will not be making repairs or offer credits. Tenants are not co-operative so there will be no access to the interior to view the property and buyer will be purchasing the property with tenants in place. Purchase must be cash or private financing only.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,391 | 1,323.5 | 58% |
| Lot Size | 9,036 | 6,502.5 | 75% |
| Price | $245.0K | $252.5K | 42% |
| Price per sq ft | $176 | $205 | 42% |
| Built year | 1944 | 1953 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 137 | 8% |
May 27, 2026
$245,000
Initial Listing