2922 Hillburn Rd, Bakersfield, CA 93306, Bakersfield, 93306 - 6 bed, 3 bath
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Bakersfield, CA 93306
This Value-Add Residential Asset represents a Prime Investment Opportunity with a List Price of $368,000—positioned well below the $382,720 Fair Market Value by 3%. This valuation gap provides $14,720 in Instant Equity for buyers ready to complete a mid-construction project. While currently holding an Unlivable Condition Rating, the property features a New Roof, New Windows, and approved plans for a 588 SF Attached ADU, offering massive rental income potential. This high-upside project is an ideal acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on a significant equity-build opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2922 Hillburn Rd Subject | $368,000* List Price | 6 | 3 | 2,546 | $150 | - |
A 2613 Edwards Avenue Pending | $285,000 List Price | 5 | 2 | 2,718 | $105 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this property is a mid-renovation fixer-upper currently in an unlivable state. While it features a new roof and windows, the exterior is stripped to the sheathing and the interior contains safety hazards like floor openings, requiring a total rehab of kitchens, bathrooms, and systems to be functional.
The property includes a proposed 588 SF attached ADU with approved plans and permits, offering a significant opportunity for rental income or multi-generational living.
Essential high-cost items have already been addressed, including the installation of a brand new roof and new windows throughout the home.
With a spacious 2,546 SF layout, 6 bedrooms, and a swimming pool, there is tremendous upside potential for investors to build equity through renovation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9071, other record lot size in square feet = 9147. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2546, other record living area = 2049. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The property is in a mid-construction state with floor openings and unfinished interiors, requiring a substantial capital investment and construction expertise.
Due to the current safety hazards and 'fixer' condition, the property likely will not qualify for traditional FHA or VA financing, limiting the buyer pool primarily to cash or hard money investors.
Bakersfield Opportunity! This charming fixer-upper features a 4-bedroom, 2-bath main house plus a proposed attached ADU offering 2 bedrooms, 1 bathroom, and approximately 588 SF. The property also includes inside laundry room, brand new windows, new roof, swimming pool and 2-car garage. This property presents incredible potential for investors, renovators, or DIY buyers looking to add value and create their ideal investment opportunity. The owner has approved plans and permits for the work currently in progress, providing a great head start on the renovation process. With tremendous upside potential and opportunity for future value appreciation, this property is ready for your vision. Please exercise caution when walking inside or outside the property, as there are some floor openings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 2,546 | 1,997 | 84% |
| Lot Size | 9,071 | 8,063 | 64% |
| Price | $368.0K | $368.0K | 50% |
| Price per sq ft | $145 | $204 | 12% |
| Built year | 1952 | 1980 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 197 | 4% |
May 1, 2026
$368,000
Initial Listing
Jan 17, 2023
$145,000
Public Record
Jan 13, 2023
$120,000
Public Record