2317 Olympic, Bakersfield, CA 93308, Bakersfield, 93308 - 2 bed, 1 bath
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Bakersfield, CA 93308
This property presents a High-Potential Investment Opportunity with a List Price of $180,000—positioned well below the $186,108 Fair Market Value by 3%. This valuation gap offers $6,108 in Instant Equity for buyers. Given the Condition Rating of 5, the home requires significant capital expenditure to address aging infrastructure. However, its proximity to Highland Elementary and North High School provides strong rental demand. This is a value-add asset ideal for Fix-and-Flip Investors or Contractors seeking a project in a high-accessibility market.
Property is extensive renovation needed.
Built in 1941 (85 years old) with no evidence of recent renovations, this property far exceeds the typical lifespan of original systems. The exterior shows significant deferred maintenance, including neglected landscaping and aged windows. The $100,000 price drop from its previous sale suggests substantial internal rehab, safety, or structural defects are present.
Listed at $180,000, this property represents a highly accessible entry point into the Bakersfield market, especially considering its previous sale price of $280,000.
The home is situated within walking distance of Highland Elementary and North High School, offering significant convenience for families with school-aged children.
With no monthly association fees ($0 HOA), the property offers lower recurring ownership expenses compared to homes in managed communities.
Built in 1941, the home's vintage construction may necessitate updates to major systems like plumbing and electrical to meet modern standards.
The 2-bedroom, 1-bathroom configuration and 1,024 square foot layout may be restrictive for growing families or buyers requiring a home office.
Exceptional opportunity in Bakersfield. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,024 | - |
| Lot Size | 5,197 | - |
| Price | $180.0K | $399.2K |
| Price per sq ft | $176 | $245 |
| Built year | 1941 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 57 |
Jul 8, 2026
$180,000
Initial Listing
May 5, 2025
$280,000
Public Record
Sep 25, 2024
$142,500
Public Record
Oct 13, 2000
$67,000
Public Record
Sep 23, 1998
$44,000
Public Record