241 L Street, Bakersfield, CA 93304, Bakersfield, 93304 - 0 bed, 0 bath
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Bakersfield, CA 93304
This property presents a Strong Value Opportunity with a List Price of $350,000—positioned well below the $322,838 Fair Market Value by -8%. As an Income-Generating Asset, this duplex features a 4-bedroom and 1-bedroom configuration on a generous 9,287 sq ft lot. With a Condition Rating of 4, the property requires cosmetic updates to maximize rental yields. Its proximity to Bakersfield High and Roosevelt Elementary adds long-term stability. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Property is moderate renovation needed.
Built in 1946, this property shows its age with dated interiors. The kitchen features older tiled flooring, basic cabinets, and countertops, though a modern refrigerator is present. The bathroom also appears dated with older fixtures. While functional and livable, the home requires minor to moderate updates to its kitchen, bathrooms, flooring, and light fixtures to meet current standards, indicating it has been maintained but not recently renovated.
As a duplex with a 4-bedroom/1-bath unit and a 1-bedroom/1-bath unit, this property offers immediate rental income potential, appealing to investors or owner-occupants seeking supplemental income.
Listed at $350,000, this property presents an attractive and relatively affordable entry point for an income-producing asset in the Bakersfield market.
The substantial 9,287 sq ft lot provides ample outdoor space, potential for future expansion, or additional amenities, enhancing the property's value and appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9287, other record lot size in square feet = 9147.
Built in 1946, the property is nearly 80 years old, suggesting a high likelihood of outdated systems (plumbing, electrical, HVAC) and potential for significant repair or renovation costs to meet modern standards.
The primary unit's configuration of 4 bedrooms with only one bathroom can be a significant drawback for larger families or multiple tenants, potentially limiting its rental appeal or requiring costly bathroom additions.
Nice Duplex , Unit #1 4Bedrooms 1 Bath, Unit #2 1Bedroom 1 Bath
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,325 | - |
| Lot Size | 9,287 | - |
| Price | $350.0K | $549.6K |
| Price per sq ft | $264 | $176 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 352 | 79 |
Aug 5, 2025
$350,000
Initial Listing
Dec 17, 2004
$170,000
Public Record