325 Oak Fair, Bakersfield, CA 93309, Bakersfield, 93309 - 2 bed, 2 bath
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Bakersfield, CA 93309
This Niche Income Asset is listed at $300,000, representing a stable entry into a specialized residential segment. While positioned above the $263,579 Fair Market Value, the property justifies its valuation through immediate rental income and a Fair Condition Rating. Located in a desirable 55+ HOA community, the home features a manageable 1,048 sqft floor plan and consistent demographic demand. Despite Aging Infrastructure consistent with its 1962 build, the existing tenancy ensures zero initial vacancy. This is a prudent acquisition for Buy-and-Hold Investors or Passive Income Seekers prioritizing long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 325 Oak Fair Subject | $300,000* List Price | 2 | 2 | 1,048 | $252 | - |
A 5705 Daggett Sold | $360,000 | 3 | 2 | 1,360 | $265 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this property falls into the fair category due to its age and lack of evidence regarding recent major renovations. While the exterior appears maintained and the home is currently tenant-occupied, the architectural style and infrastructure are dated. The listing lacks interior images of the kitchen and bathrooms, and the provided analysis specifically highlights 'Aging Infrastructure' as a weakness, suggesting that while functional, the home likely features older systems and finishes consistent with a property of this era that has not undergone a full modern overhaul.
The property is currently tenant-occupied, offering investors immediate cash flow and eliminating the need for an initial marketing and leasing period.
Located in a desirable 55+ HOA community, the property benefits from a stable demographic and consistent demand within a specialized residential segment.
With a manageable 1,048 sqft floor plan and a focus on long-term stability, this home presents a low-maintenance profile ideal for passive income seekers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6600, other record lot size in square feet = 6534.
The monthly HOA fee of $450 is relatively high for the price point, which may impact the net cap rate and overall profitability for an investor.
Built in 1962, the property may require more frequent maintenance or future capital expenditures for aging systems compared to newer residential options.
Strong cash-flowing investment opportunity with long-term stability! This 2-bedroom, 2-bath single-family home is tenant-occupied. Located in a desirable 55+ HOA community near Cherry Hills Dr, this property offers consistent demand and a low-maintenance investment profile. Ideal for investors seeking immediate income with reliable tenants already in place.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 3% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,048 | 1,596 | 16% |
| Lot Size | 6,600 | 7,880 | 19% |
| Price | $300.0K | $372.5K | 16% |
| Price per sq ft | $286 | $238 | 94% |
| Built year | 1962 | 1972 | 31% |
| HOA | $450 | $0 | 91% |
| Days on market | 22 | 189 | 3% |
Mar 31, 2026
$300,000
Initial Listing
Jan 27, 2022
$210,000
Public Record
Jun 20, 1997
$58,000
Public Record