2829 Dracena Street, Bakersfield, CA 93304, Bakersfield, 93304 - 2 bed, 1 bath
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Bakersfield, CA 93304
Analysis of 2829 Dracena Street, Bakersfield, CA 93304 is currently available with a list price of $225,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Marketed as an 'investor special' requiring significant rehabilitation, this 1936-built home is in need of a full update. The kitchen is incomplete and missing major appliances, the bedrooms feature heavily worn carpeting, and the utility area has an exposed water heater. While the listing mentions 'solid bones,' the property requires substantial repairs and modernization to meet current safety and comfort standards.
Situated in the highly sought-after Oleander neighborhood, this property offers strong long-term value and appeal within a coveted Bakersfield community.
The property occupies a desirable corner lot and includes a 1-car garage with potential RV parking, providing rare utility and convenience for a home of this size.
Priced below market value with 'solid bones,' this home presents an excellent opportunity for a profitable flip, long-term rental, or Airbnb investment.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The property was recently sold within the past year on 2026-03-25. The sold price is $170,000.00.
At only 660 square feet, the home's compact footprint may limit its appeal to larger families or buyers seeking more spacious accommodations.
Investor special in the coveted Oleander neighborhood! This charming 2-bedroom, 1-bath home on Dracena Street offers incredible potential for the right buyer ready to bring it back to life. Situated on a desirable corner lot, the property features a 1-car garage and possible RV parking, and indoor laundry hookups, adding both convenience and value. With solid bones and endless opportunity, this home is ideal for a flip, long-term rental, or Airbnb investment. Opportunities like this are rare, especially priced well below market value. Do not miss your chance to transform this hidden gem into something truly special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 660 | 1,327 | 7% |
| Lot Size | 4,356 | 6,881 | 13% |
| Price | $225.0K | $320.0K | 20% |
| Price per sq ft | $341 | $245 | 93% |
| Built year | 1936 | 1961 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 222 | 7% |
Apr 19, 2026
$225,000
$229,900
-2% Price Drop
Initial Listing
Apr 10, 2026
$229,900
Initial Listing
Mar 25, 2026
$170,000
Public Record
Dec 24, 2015
$115,000
Public Record
Jul 23, 2010
$81,000
Public Record
Aug 7, 2008
$78,000
Public Record
Aug 31, 2005
$193,000
Public Record
Jul 24, 2003
$87,000
Public Record