2208 Lake, Bakersfield, CA 93306, Bakersfield, 93306 - 0 bed, 0 bath
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Bakersfield, CA 93306
This property presents a Prime Investment Opportunity with a List Price of $435,000—positioned well below the $445,440 Fair Market Value by 2%. This valuation gap offers $10,440 in Instant Equity for buyers. Featuring a Condition Rating of 4, the duplex requires cosmetic updates to modernize its 1939 infrastructure. With no association fees and a central location near East Bakersfield High, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add house-hacking project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2208 Lake Subject | $435,000* List Price | 0 | 0 | 2,128 | $209 | - |
A 2212 Lake Active | $435,000 List Price | 0 | 0 | 2,128 | $204 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, the property is significantly aged (>20 years). While the exterior shows some maintenance like vinyl replacement windows, the presence of window AC units suggests a lack of modern central HVAC systems. The description of 'functional' and 'comfortable' combined with the visual age of the stucco and roof indicates the units are dated and likely require minor repairs or cosmetic updates to meet modern standards.
As a duplex featuring two separate cottage-style units, this property offers immediate rental income potential or a house-hacking opportunity for an owner-occupant.
The property is ideally situated with easy access to major roadways and shopping, and is located less than half a mile from East Bakersfield High School.
With no monthly association fees, investors can maximize their net operating income and enjoy lower fixed monthly expenses compared to managed communities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6833, other record lot size in square feet = 6969.
Built in 1939, the property may require significant capital expenditures for maintenance or updates to major systems to meet modern standards and tenant expectations.
The assigned middle and high schools have low performance ratings (2/10 and 3/10), which may impact long-term property appreciation and appeal to family-oriented tenants.
Located at 2208 Lake Street in Bakersfield, this property features two cottage-style duplex units, each offering 1 bedroom and 1 bathroom with a functional floor plan. The units provide comfortable living spaces in a convenient central location with easy access to shopping, dining, schools, and major roadways.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,128 | - |
| Lot Size | 6,833 | - |
| Price | $435.0K | $549.6K |
| Price per sq ft | $204 | $176 |
| Built year | 1939 | 0 |
| HOA | $0 | $0 |
| Days on market | 15 | 79 |
Jul 8, 2026
$435,000
Initial Listing
Sep 9, 2016
$200,000
Public Record
Jul 9, 2012
$210,000
Public Record
Feb 1, 2011
$60,000
Public Record
May 8, 2006
$280,000
Public Record
Jan 30, 2002
$78,000
Public Record