2004 Virginia, Bakersfield, CA 93305, Bakersfield, 93305 - 2 bed, 1 bath
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2004 Virginia
Bakersfield, CA 93305
ACTIVE
CONDITION: POOR
2Beds
1Baths
858Sq Ft
7,585Lot Size
Property Price
LIST PRICE$160,000
EST. MARKET VALUE
$165,672
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $160,000—positioned well below the $165,672 Fair Market Value by 3%. This valuation gap offers $5,672 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant modernization, yet the 7,585 sqft corner lot provides excellent potential for expansion or an ADU. Currently tenant-occupied, this is a stable Buy-and-Hold Asset ideal for Value-Add Investors or first-time buyers seeking a project.
Estimated Market Value
$165,672+$5,672 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 |
|---|---|---|---|---|---|---|
★ 2004 Virginia Subject | $160,000* List Price | 2 | 1 | 858 | $193 | - |
A 2326 Nelson Active | $194,900 List Price | 2 | 1 | 912 | $214 | 0.7 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 1933 with no evidence of major renovations in the last 30-50 years. The interior shows heavily soiled carpeting and dated finishes, while the exterior features a swamp cooler and significant deferred maintenance in the yard. The listing's emphasis on 'potential' and its current use as a rental suggest it needs a full rehab to address age-related wear and outdated systems.
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 = 7585, living area = 858.
- Investment Potential
Priced at $160,000 with existing tenants, this property offers an immediate income stream and a low entry point for investors or first-time buyers in the Bakersfield market.
- Expansive Corner Lot
The 7,585 sqft fully fenced corner lot provides significant outdoor space and excellent potential for future expansion or the addition of an accessory dwelling unit (ADU).
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7585, other record lot size in square feet = 7405.
- Aging Infrastructure
Built in 1933, the home's small 858 sqft footprint and aged structure may require significant modernization and maintenance to meet contemporary living standards.
- Low School Ratings
The assigned elementary, middle, and high schools all carry low ratings (2-3), which may limit the property's appeal to families and impact long-term appreciation.
About 2004 Virginia
This corner lot home is a great opportunity for any buyer. Great space on the fully fenced corner lot home with so much potential. Centrally located nearby shopping and restaurants. Currently used as a rental and tenants could possibly remain. Schedule your tour today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1933
- Lot Size
- 7,585 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
College Heights Elementary School
Grades K-6 • 0.6 mi
2/10
Compton Junior High School
Grades 7-8 • 1.1 mi
2/10
East Bakersfield High School
Grades 9-12 • 0.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 858 | 1,645.732 |
| Lot Size | 7,585 | 7,650.063 |
| Price | $160.0K | $399.2K |
| Price per sq ft | $186 | $242 |
| Built year | 1933 | 1984 |
| HOA | $0 | $175 |
| Days on market | 6 | 64 |
Pricing History
Listed for Sale
Sep 3, 2026
$160,000
Initial Listing
Sold
Sep 9, 2021
$125,000
Public Record
Sold
May 18, 2006
$186,000
Public Record
Sold
Jun 3, 2004
$81,000
Public Record