2708 College Avenue, Bakersfield, CA 93306, Bakersfield, 93306 - 3 bed, 2 bath
2708 College Avenue
Bakersfield, CA 93306
Property Price
SUMMARY
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.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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 The home is functional but requires significant aesthetic updates to meet current quality standards and address outdated components.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Interior
The property offers a generous 2447 sqft of living space, providing ample room for comfortable living and potential customization.
- Large Lot Size
With an 8431 sqft lot, there is significant outdoor space for landscaping, entertaining, or potential future expansion.
- Desirable Amenities
Features a cozy fireplace in the living room and a practical two-car garage, enhancing comfort and utility for residents.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Property Age
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.
- Lack of Mentioned Updates
The basic description does not highlight any recent renovations, suggesting potential for deferred maintenance or original features that may need attention.
About 2708 College Avenue
Back on the market, reduced price. Large 3 bedrooms, 2 bathrooms, fireplace in living room. 2 car garage. Large lot.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 8,431 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,447 | 1,684 | 81% |
| Lot Size | 8,431 | 7,840 | 58% |
| Price | $370.0K | $370.0K | 50% |
| Price per sq ft | $151 | $214 | 5% |
| Built year | 1956 | 1980 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 189 | 7% |
Pricing History
Listed for Sale
Jan 7, 2026
$370,000
Initial Listing
Sold
May 5, 2020
$280,000
Public Record
Sold
Mar 27, 2014
$180,000
Public Record
Sold
Jul 12, 2013
$185,000
Public Record
Sold
Feb 8, 2013
$122,000
Public Record
Sold
Jan 19, 2001
$117,000
Public Record