1653 Olive Street, Bakersfield, CA 93301, Bakersfield, 93301 - 4 bed, 2 bath
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1653 Olive Street
Bakersfield, CA 93301
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,782Sq Ft
6,663Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$395,206
5% BelowMARKET VALUE
SUMMARY
This 4-bedroom Strong Value Opportunity is listed at a List Price of $375,000—positioned well below the $395,206 Fair Market Value by 5%. This valuation gap provides $20,206 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home offers a functional layout with a pool and oversized garage, though it invites cosmetic updates to modernize the interior. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic renovation.
Estimated Market Value
$395,206+$20,206 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1653 Olive Street Subject 4 bd · 2 ba · 1,782 sqft · $222 | $375,000* List Price | 4 | 2 | 1,782 | $222 | - |
A 2617 Cedar Active 3 bd · 2 ba · 1,579 sqft · $246 · 1.0 mi | $389,000 List Price | 3 | 2 | 1,579 | $246 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1945, the home shows signs of a renovation likely completed 20-30 years ago. While functional with stainless steel appliances and solar panels, the kitchen cabinetry, tile flooring, and bathroom fixtures are dated. The property is well-maintained and move-in ready but requires cosmetic updates to the kitchen and baths to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Outdoor Living
The backyard is a standout feature, offering a pool with a sheer fountain and two covered patios, making it an ideal space for entertaining.
- Primary Suite
The primary suite is exceptionally well-appointed with a cozy fireplace, walk-in closet, and direct access to a bonus room and the pool area.
- Parking and Storage
The property includes a detached oversized 2-car garage and convenient alley access, providing ample storage and parking options.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6663, other record lot size in square feet = 6534.
- Vintage Construction
Built in 1945, the home may require updates to its core systems, such as electrical or plumbing, to meet modern standards.
- Lot Utilization
With a pool, two patios, and an oversized garage on a 6,663 sqft lot, there is limited traditional lawn or garden space remaining.
About 1653 Olive Street
You will love this charming 4-bedroom, 2-bath home with a detached oversized 2-car garage. This property features a formal living room with dining area, a spacious kitchen with an abundance of cabinet space, and generously sized bedrooms. The spacious primary suite offers a cozy fireplace, walk-in closet, private bathroom, and access to a bonus room that leads to a covered patio and pool area. The backyard is perfect for entertaining, featuring two covered patios, a pool with a sheer fountain, and convenient alley access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 6,663 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,782 | 1,656.81 |
| Lot Size | 6,663 | 8,069.772 |
| Price | $375.0K | $414.9K |
| Price per sq ft | $210 | $246 |
| Built year | 1945 | 1986 |
| HOA | $0 | $180 |
| Days on market | 46 | 65 |
Pricing History
Listed for Sale
Aug 28, 2026
$375,000
Initial Listing
Sold
Apr 21, 1994
$93,000
Public Record