2709 Peerless Avenue, Bakersfield, CA 93308, Bakersfield, 93308 - 4 bed, 2 bath
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Bakersfield, CA 93308
This Value-Add Investment Property is a High-Potential Investment Opportunity with a List Price of $249,990. While the current $206,753 Fair Market Value reflects its present state, the property’s 2022 sale price of $315,000 highlights substantial room for forced appreciation. Holding a Condition Rating of 5, the 1,784 sqft interior requires comprehensive rehabilitation to its 4-bedroom layout and private patio. Proximity to Highland Elementary, Standard Middle, and North High School supports strong long-term rental demand. This acquisition is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors.
Property is extensive renovation needed.
The property is a significant fixer-upper requiring substantial rehabilitation. Interior images show heavily stained and worn carpeting, damaged hardwood floors, and a bathroom with broken cabinetry and dated 1950s-style tiling. The listing description explicitly targets investors and flippers, noting the need for immediate capital investment to address deferred maintenance and aging infrastructure.
Priced significantly below its 2022 sale price of $315,000, this property offers substantial equity potential for flippers or long-term investors looking to capitalize on a value-add opportunity.
Featuring 4 bedrooms and 1,784 square feet of living area, the home provides a spacious and functional layout that is highly competitive for its price bracket in the Bakersfield market.
The property is ideally situated within walking distance of Highland Elementary (0.26 miles) and North High School (0.39 miles), making it highly attractive for families and future tenants.
Marketed specifically as a project for investors and flippers, the home requires immediate capital investment for upgrades and repairs to address deferred maintenance and modernize the space.
Built in 1956, the property likely features original systems that may require costly updates to electrical, plumbing, or HVAC components to meet current building standards and buyer expectations.
Unlock the potential of this value-packed property located at 2709 Peerless Ave. This home presents a fantastic opportunity for investors, flippers, or buyers looking to add to their rental portfolio. With solid bones and a functional layout, this property is ready for your vision and upgrades to maximize its full potential. Situated on a spacious lot, the home offers ample room for expansion, outdoor enhancements, or additional income-producing possibilities. Conveniently located near schools, shopping, and major transportation routes, making it attractive for future tenants or resale. Whether you're looking for your next fix-and-flip project or a long-term cash-flow investment, this property is priced to move and full of upside. Don't miss this chance to capitalize on a high-potential Bakersfield investment!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,784 | 1,482 | 68% |
| Lot Size | 6,098 | 7,382 | 22% |
| Price | $250.0K | $314.0K | 19% |
| Price per sq ft | $140 | $221 | 5% |
| Built year | 1956 | 1959 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 191 | 3% |
Apr 2, 2026
$249,990
Initial Listing
Jun 10, 2022
$315,000
Public Record