3423 Monterey Street, Bakersfield, CA 93306, Bakersfield, 93306 - 2 bed, 1 bath
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Bakersfield, CA 93306
This Single Family Residence serves as a strategic Value-Add Asset with a List Price of $215,000. While currently positioned above the $164,516 Fair Market Value, the property offers significant upside through its 6,534 sq ft lot and Development Potential for an ADU or expansion. Holding a Condition Rating of 5, the structure requires a comprehensive renovation to address deferred maintenance and maximize its high rental potential. Located in a vibrant neighborhood near transit and shopping, this is a high-utility acquisition for Fix-and-Flip Investors or Contractors seeking a project with forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3423 Monterey Street Subject | $215,000* List Price | 2 | 1 | 870 | $214 | - |
A 729 Sterling Road Sold | $167,000 | 2 | 1 | 768 | $217 | 0.4 mi |
B 2317 Lynwood Street Sold | $211,000 | 3 | 1 | 1,100 | $192 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 and explicitly described as needing 'TLC,' this property requires substantial rehabilitation and modernization. The listing targets 'seasoned investors,' indicating significant deferred maintenance and outdated systems that likely require major repairs to meet safety and comfort standards.
The property features a generous 6,534 sq ft lot, providing ample space for future development, such as an ADU or expansion, to increase the property's value and rental income.
Ideally located near shopping centers, parks, and public transport, the home offers high convenience and accessibility within a vibrant Bakersfield neighborhood.
Marketed with high rental potential, this residence serves as an excellent value-add opportunity for investors looking to capitalize on the area's demand.
Described as needing 'TLC,' the property likely requires significant immediate investment in repairs and cosmetic upgrades to reach its full potential.
At just 870 square feet with a 2-bedroom, 1-bathroom layout, the compact size may restrict the buyer pool and limit functional living space for larger households.
Single Family Residence with High Rental Potential in Vibrant Neighborhood! Overview: Discover this beautiful Diamond in need of some TLC, easily located, shopping centers, parks, and public transport options.. This property is perfect for seasoned investors Property Features: Type: SFR Bedrooms: 2 Bathrooms: 1 Square Footage: 870 sq ftLot Size: 6,534 sq ft Year Built: 1950 Additional Benefits: Ample parking space available.Large backyard perfect for tenant enjoyment or future development. Take Action: Dont miss out on this incredible investment opportunity! Contact us for more details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 870 | 1,819 | 9% |
| Lot Size | 6,562 | 7,438 | 24% |
| Price | $215.0K | $352.4K | 9% |
| Price per sq ft | $247 | $217 | 85% |
| Built year | 1950 | 1976 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 82 | 177 | 12% |
Feb 28, 2026
$215,000
$235,000
-9% Price Drop
Initial Listing
Jan 30, 2026
$235,000
Initial Listing
Apr 4, 2003
$60,000
Public Record