2708 College Avenue, Bakersfield, CA 93306, Bakersfield, 93306 - 3 bed, 2 bath
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Bakersfield, CA 93306
Analysis of 2708 College Avenue, Bakersfield, CA 93306 reveals a Prime Investment Opportunity with a current list price of $370,000—significantly undercutting the $391,520 Fair Market Value by 5%. This valuation gap indicates a +$21,520 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2708 College Avenue Subject | $370,000* List Price | 3 | 2 | 2,447 | $160 | - |
A 1731 Oswell Street Sold | $345,000 | 4 | 2 | 1,861 | $185 | 0.4 mi |
B 1717 Locust Ravine Pending | $377,200 List Price | 3 | 3 | 2,282 | $165 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this property shows its age with largely original or dated features, particularly in the kitchen. While the exterior appears maintained and solar panels are a positive update, the kitchen features older cabinet styles, a dated tiled island, and a mix of minor updates (like the backsplash and faucet) that don't fully modernize the space. The fireplace also appears original. The home is functional but requires significant aesthetic updates to meet current quality standards and address outdated components.
The property offers a generous 2447 sqft of living space, providing ample room for comfortable living and potential customization.
With an 8431 sqft lot, there is significant outdoor space for landscaping, entertaining, or potential future expansion.
Features a cozy fireplace in the living room and a practical two-car garage, enhancing comfort and utility for residents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8431, other record lot size in square feet = 8276.
Built in 1956, the home may require significant updates to its core systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet modern standards.
The basic description does not highlight any recent renovations, suggesting potential for deferred maintenance or original features that may need attention.
Back on the market, reduced price. Large 3 bedrooms, 2 bathrooms, fireplace in living room. 2 car garage. Large lot.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,447 | 1,945.5 | 82% |
| Lot Size | 8,431 | 7,448 | 65% |
| Price | $370.0K | $357.4K | 53% |
| Price per sq ft | $151 | $211 | 9% |
| Built year | 1956 | 1976 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 177 | 21% |
Jan 7, 2026
$370,000
Initial Listing
May 5, 2020
$280,000
Public Record
Mar 27, 2014
$180,000
Public Record
Jul 12, 2013
$185,000
Public Record
Feb 8, 2013
$122,000
Public Record
Jan 19, 2001
$117,000
Public Record