
Bakersfield, CA 93309
This property presents a High-Potential Investment Opportunity with a List Price of $320,000—positioned well below the $309,520 Fair Market Value by -3%. While the home is currently tenant-occupied and generating steady rental income, its Fair Condition Rating indicates a need for modernization. Featuring a private in-ground pool and a spacious lot, the asset offers significant value-add potential through cosmetic updates. This is a stable, income-producing acquisition ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3605 Laverne Avenue Subject | $320,000* List Price | 3 | 1 | 1,117 | $285 | - |
A 3509 Laverne Sold | $300,000 | 3 | 2 | 1,221 | $246 | 0.0 mi |
B 3705 Madrid Avenue Sold | $315,000 | 3 | 2 | 1,370 | $230 | 0.1 mi |
C 305 Jones Street Sold | $289,000 | 3 | 1 | 912 | $317 | 0.7 mi |
D 3503 Elcia Sold | $310,000 | 3 | 1 | 1,144 | $271 | 0.6 mi |
E 513 Prosser Active | $309,950 List Price | 3 | 1 | 1,029 | $301 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the property is significantly dated with original hollow-core doors and older vinyl flooring in the dining area. While the bedroom features newer laminate flooring and the home is functional enough to be tenant-occupied, the overall aesthetic and systems appear to be over 20 years old, requiring cosmetic updates and modernization.
The property features a private fenced in-ground pool and a large front lawn, offering a desirable backyard retreat and strong curb appeal in the Bakersfield climate.
Currently tenant-occupied and generating $1,950 per month, this home provides an excellent turnkey opportunity for investors seeking immediate cash flow.
Situated near Highway 99 and within walking distance to schools, shopping, and public transportation, the property offers exceptional convenience for residents.
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.
With three bedrooms but only one bathroom, the layout may be less appealing to larger families or modern buyers who typically prefer at least two bathrooms.
Built in 1957, the home may require more frequent maintenance or updates to its core systems compared to newer residential properties in the area.
Charming Pool Home with Excellent Investment Potential! Welcome to this beautifully maintained 3-bedroom, 1-bathroom home offering comfort, convenience, and outstanding investment potential. Filled with natural light, the inviting floor plan creates a warm and welcoming atmosphere, while the private fenced in-ground pool provides the perfect space to relax, entertain, and enjoy California living. The home features an attached garage, a spacious front lawn with great curb appeal, and an extended driveway with parking for up to four vehicles, providing plenty of space for family and guests. Ideally situated just minutes from Highway 99, this property offers easy access to shopping centers, supermarkets, schools, restaurants, and public transportation, making everyday living both convenient and enjoyable. Currently tenant-occupied and generating $1,950 per month in rental income, this property presents an excellent opportunity for investors seeking immediate cash flow. It also offers great long-term potential for buyers looking to occupy the home in the future (subject to tenant rights and lease terms). Property Features: 3 Bedrooms | 1 Bathroom Private fenced in-ground swimming pool Attached garage Bright, open living spaces with abundant natural light Spacious front yard with attractive curb appeal Extended driveway with parking for up to four vehicles Convenient location near Highway 99 Close to shopping, schools, restaurants, and public transportation Income-producing property with strong rental potential Whether you're looking to expand your investment portfolio or secure a home with future occupancy potential, this property offers an exceptional combination of location, lifestyle, and value. Schedule your private showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,117 | 1,645.732 |
| Lot Size | 6,600 | 7,650.063 |
| Price | $320.0K | $399.2K |
| Price per sq ft | $286 | $242 |
| Built year | 1957 | 1984 |
| HOA | $0 | $175 |
| Days on market | 61 | 64 |
Jul 10, 2026
$320,000
Initial Listing
Jul 13, 2022
$285,000
Public Record