1416 Cheatham Avenue, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 2 bath
Loading property details...
1416 Cheatham Avenue
Bakersfield, CA 93307
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,200Sq Ft
10,020Lot Size
Property Price
LIST PRICE$245,000
EST. MARKET VALUE
$248,256
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $245,000—positioned well below the $248,256 Fair Market Value by 1%. This valuation gap offers $3,256 in Instant Equity. With a Condition Rating of 5, the home requires a full interior and systems rehab, but the 10,020 sqft lot provides significant upside for expansion or an ADU. This is a strategic acquisition ideal for Fix-and-Flip Investors or first-time buyers seeking a value-add project in Bakersfield.
Estimated Market Value
$248,256
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1416 Cheatham Avenue Subject | $245,000* List Price | 3 | 2 | 1,200 | $207 | - |
A 310 Madison Street Sold | $220,000 | 3 | 1 | 1,146 | $192 | 0.6 mi |
B 124 Madison Street Sold | $240,000 | 3 | 1 | 949 | $253 | 0.7 mi |
C 1420 Reese Avenue Pending | $199,999 List Price | 3 | 2 | 1,084 | $185 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1961 (63 years old) with no evidence of recent renovations. The presence of an older evaporative cooler on the roof and the 'sold before processing' status suggest the property is likely in original condition and requires a full rehab of systems and interior to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10020, living area = 1200.
- Competitive Entry-Level Pricing
Listed at $245,000, this property offers a highly accessible price point for a 3-bedroom, 2-bathroom home, making it an ideal opportunity for first-time buyers or investors in the Bakersfield market.
- Expansive Lot Size
The property features a generous 10,020 square foot lot, providing significant outdoor space for recreation, landscaping, or the potential addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
The nearest elementary school, Casa Loma, has a low rating of 2, which may be a deterrent for families prioritizing high-ranking educational facilities.
- Vintage Construction
Built in 1961, the home may require significant capital improvements or modernization of its original systems to meet current energy efficiency and aesthetic standards.
About 1416 Cheatham Avenue
Sold before processing
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 10,020 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Casa Loma Elementary School
Grades K-5 • 0.5 mi
2/10
Wayside Elementary School
Grades K-5 • 1.4 mi
3/10
Munsey Elementary School
Grades K-5 • 3.3 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,200 | 1,645.732 |
| Lot Size | 10,020 | 7,650.063 |
| Price | $245.0K | $399.2K |
| Price per sq ft | $204 | $242 |
| Built year | 1961 | 1984 |
| HOA | $0 | $175 |
| Days on market | 6 | 64 |
Pricing History
Listed for Sale
Sep 3, 2026
$245,000
Initial Listing