3216 Laurel, Bakersfield, CA 93304, Bakersfield, 93304 - 4 bed, 2 bath
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Bakersfield, CA 93304
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $260,409 Fair Market Value by -14%. While the home carries a Condition Rating of 5, the expansive 8,644 sq ft lot and 4-bedroom layout provide significant upside for forced appreciation through renovation. The property features a covered patio and offers a functional, value-add layout for those willing to address systemic aging. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3216 Laurel Subject | $299,000* List Price | 4 | 2 | 1,679 | $192 | - |
A 2004 Julian Active | $365,000 List Price | 3 | 2 | 1,686 | $216 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1951 with no evidence of recent renovations. The interior shows significant wear with heavily damaged hardwood floors and a dated kitchen. The exterior and yard are unmaintained, and the property requires a comprehensive rehab to address cosmetic and likely systemic aging.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8644, living area = 1679.
Priced under $300,000 for a 4-bedroom residence, this property offers exceptional value for first-time homebuyers or investors looking for a high-yield rental opportunity in Bakersfield.
The oversized 8,644 sq ft lot provides significant outdoor space for family gatherings, gardening, or the potential construction of an Accessory Dwelling Unit (ADU) to increase property value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8644, other record lot size in square feet = 8712.
Built in 1951, the home may require modernization of its core systems and cosmetic updates to meet contemporary aesthetic and energy efficiency standards.
The property features an attached carport rather than a traditional garage, which may be a drawback for buyers seeking enclosed vehicle security or additional protected storage.
Welcome to 3216 Laurel Dr, a classic single family home in the desirable Wible Orchard neighborhood of Bakersfield. This 4 bedroom, 2 bathroom residence offers 1679 Square feet of living space on an oversized 8644 sq ft lot, providing plenty of room for outdoor living, gardening, or future expansion. Built in 1951, this home features a functional layout with good natural light, a spacious backyard perfect for family gatherings or rental income potential. The attached carport and long concrete driveway offer ample off street parking, while the covered patio offers indoor-outdoor flow. Close to schools, shopping, parks, and major routes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,679 | - |
| Lot Size | 8,644 | - |
| Price | $299.0K | $399.2K |
| Price per sq ft | $178 | $245 |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 50 | 57 |
Jun 3, 2026
$299,000
Initial Listing
Dec 12, 2012
$85,000
Public Record
Apr 11, 2007
$247,000
Public Record