1504 El Toro, Bakersfield, CA 93304, Bakersfield, 93304 - 4 bed, 3 bath
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1504 El Toro
Bakersfield, CA 93304
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,238Sq Ft
6,169Lot Size
Property Price
LIST PRICE$300,000
EST. MARKET VALUE
$339,278
4% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $369,900—positioned well below the $408,939 Fair Market Value by 9%. This valuation gap offers $39,039 in Instant Equity for buyers. Featuring a 4-bedroom layout with a bonus room and private pool, the home has a Condition Rating of 4, indicating a need for cosmetic modernization. This is a high-potential asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through strategic renovations.
Estimated Market Value
$339,278+$39,278 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1949, the home is functional but significantly dated. The kitchen features older wood cabinetry and tile countertops likely from a 20+ year old renovation. While some rooms have newer laminate flooring, the presence of popcorn ceilings, older light fixtures, and dated bathroom vanities indicate the property needs cosmetic updates and likely system overhauls to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Entertainment Space
The property features a generous 2,238 sqft layout including a bonus room with a built-in bar, providing an ideal setup for a game room or hosting guests.
- Private Outdoor Oasis
A sparkling backyard pool is a premium feature for the Bakersfield climate, offering a significant value-add for relaxation and summer entertaining.
- Functional Utility and Storage
The home includes an oversized 2-car garage, a large kitchen with extensive cabinetry, and a convenient indoor laundry room, maximizing practical living space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6169, other record lot size in square feet = 6098.
- Vintage Construction
Originally built in 1949, the property may necessitate investments in modernizing older systems or cosmetic finishes to align with current standards.
- Modest School Ratings
The local elementary and middle schools have ratings in the 3-4 range, which could be a drawback for families prioritizing high-performing school districts.
About 1504 El Toro
Welcome to this charming Southwest home offering 4 bedrooms, a bonus room, 3 bathrooms, and an oversized 2-car garage. Inside, you'll find a spacious living room with a dining area, a large kitchen featuring an abundance of cabinet space, and a convenient indoor laundry room. The generous primary suite offers a large closet and a private bathroom. The bonus room includes a built-in bar, making it the perfect space for a game room, entertaining, or hosting family and friends. Step outside to the backyard, where you'll enjoy a sparkling pool that's ideal for relaxing and entertaining.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 6,169 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Wayside Elementary School
Grades K-5 • 0.2 mi
3/10
Frank West Elementary School
Grades K-5 • 0.9 mi
4/10
Evergreen Elementary School
Grades K-5 • 0.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,238 | 1,645.732 |
| Lot Size | 6,169 | 7,650.063 |
| Price | $300.0K | $399.2K |
| Price per sq ft | $134 | $242 |
| Built year | 1949 | 1984 |
| HOA | $0 | $175 |
| Days on market | 47 | 64 |
Pricing History
Listed for Sale
Aug 26, 2026
$300,000
$325,000
-8% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$325,000
$369,900
-12% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$369,900
Initial Listing
Sold
Oct 19, 1998
$79,500
Public Record