325 Oak Fair, Bakersfield, CA 93309, Bakersfield, 93309 - 2 bed, 2 bath
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Bakersfield, CA 93309
This Tenant-Occupied Investment Asset is listed at $300,000, representing a stable entry point near its $294,782 Fair Market Value, consistent with recent local sales of similar utility. Boasting a Condition Rating of 3, the interior features updated vinyl plank flooring, a modernized kitchen with subway tile, and a private patio. Situated in a secure 55+ HOA community, the property offers immediate cash flow and high occupancy reliability. This asset is a prudent acquisition for Buy-and-Hold Investors or Income-Seeking Buyers prioritizing long-term stability and turnkey management in Bakersfield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 325 Oak Fair Subject | $260,000* List Price | 2 | 2 | 1,048 | $258 | - |
A 512 Mcdonald Sold | $275,000 | 3 | 1 | 1,027 | $268 | 1.0 mi |
B 504 Pebble Beach Drive Pending | $200,000 List Price | 2 | 1 | 1,006 | $199 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1962, the property has undergone significant cosmetic renovations within the last 5-15 years. The interior features updated vinyl plank flooring, a modernized kitchen with newer countertops and subway tile backsplash, and well-maintained bathrooms. It is move-in ready and functional for a tenant-occupied investment.
The property is currently tenant-occupied, offering investors immediate cash flow and eliminating the initial vacancy period and leasing costs.
Situated in a desirable 55+ HOA community, the property benefits from a stable demographic and consistent demand, ensuring long-term occupancy and stability.
Featuring a 2-bedroom, 2-bathroom configuration on a generous 6,600 sqft lot, the home provides a practical and sought-after floor plan for its target market.
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 association fee of $450 is significant relative to the listing price, which may impact the overall net operating income and cap rate for an investor.
Built in 1962, the home may require future capital improvements or updates to aging systems, potentially increasing long-term maintenance costs.
Charming 2-bedroom, 2-bath single-family home located in a desirable 55+ HOA community near Cherry Hills Dr. This well-maintained property offers a great opportunity for first-time buyers, downsizers, or buyers looking for low-maintenance living. Featuring a functional layout and comfortable living spaces, this home is conveniently located near shopping, dining, and everyday amenities. With an affordable HOA and a welcoming community, this property is a fantastic opportunity to build equity and make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 5% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,048 | 1,613 | 16% |
| Lot Size | 6,600 | 8,290 | 26% |
| Price | $260.0K | $379.0K | 5% |
| Price per sq ft | $248 | $237 | 63% |
| Built year | 1962 | 1973 | 32% |
| HOA | $450 | $0 | 84% |
| Days on market | 68 | 214 | 5% |
May 29, 2026
$260,000
$270,000
-4% Price Drop
Initial Listing
May 12, 2026
$270,000
$300,000
-10% Price Drop
Initial Listing
Mar 31, 2026
$300,000
Initial Listing
Jan 27, 2022
$210,000
Public Record
Jun 20, 1997
$58,000
Public Record