3423 Monterey Street, Bakersfield, CA 93306, Bakersfield, 93306 - 2 bed, 1 bath
3423 Monterey Street
Bakersfield, CA 93306
Property Price
SUMMARY
Analysis of 3423 Monterey Street, Bakersfield, CA 93306 reveals a property with a current list price of $215,000, which is 30% above the estimated $164,515 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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 | $189 | - |
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 |
C 1323 El Serento Drive Sold | $235,000 | 3 | 1 | 1,040 | $226 | 0.2 mi |
D 4416 Mesa Pending | $249,000 List Price | 3 | 2 | 1,209 | $206 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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 The listing targets 'seasoned investors,' indicating significant deferred maintenance and outdated systems that likely require major repairs to meet safety and comfort standards.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
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.
- Strategic Location
Ideally located near shopping centers, parks, and public transport, the home offers high convenience and accessibility within a vibrant Bakersfield neighborhood.
- Investment Opportunity
Marketed with high rental potential, this residence serves as an excellent value-add opportunity for investors looking to capitalize on the area's demand.
CONSRISKS & DEFICIENCIES
- Renovation Required
Described as needing 'TLC,' the property likely requires significant immediate investment in repairs and cosmetic upgrades to reach its full potential.
- Limited Square Footage
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.
About 3423 Monterey Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,562 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 870 | 1,684 | 7% |
| Lot Size | 6,562 | 7,448 | 28% |
| Price | $215.0K | $360.0K | 9% |
| Price per sq ft | $247 | $217 | 79% |
| Built year | 1950 | 1980 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 189 | 2% |
Pricing History
Listed for Sale
Feb 28, 2026
$215,000
$235,000
-9% Price Drop
Initial Listing
Price Change
Jan 30, 2026
$235,000
Initial Listing
Sold
Apr 4, 2003
$60,000
Public Record