3605 Laverne Avenue, Bakersfield, CA 93309, Bakersfield, 93309 - 3 bed, 1 bath
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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 | $277 | - |
A 3509 Laverne Sold | $300,000 | 3 | 2 | 1,221 | $246 | 0.0 mi |
B 305 Jones Street Sold | $289,000 | 3 | 1 | 912 | $317 | 0.7 mi |
C 3503 Elcia Sold | $310,000 | 3 | 1 | 1,144 | $271 | 0.6 mi |
D 4605 Parkwood Court Sold | $299,900 List Price | 3 | 2 | 1,211 | 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 3-Bedroom Home with Private Pool – Excellent Investment Opportunity Welcome to this gorgeous 3-bedroom, 1-bathroom home featuring a private fenced in-ground pool, an attached garage, and abundant natural light throughout. The spacious floor plan offers comfortable living, while the large front grassy yard provides excellent curb appeal. The extended driveway accommodates up to four vehicles, making parking convenient for residents and guests alike. Ideally located just off Highway 99, this home offers exceptional convenience with shopping malls, supermarkets, schools, and public transportation all within walking distance. Enjoy the perfect combination of accessibility and a private backyard retreat. Currently tenant-occupied and generating $1,950 per month in rental income, this property presents an outstanding opportunity for investors seeking immediate cash flow or buyers planning for future occupancy. Property Highlights: 3 bedrooms, 1 bathroom Private fenced in-ground pool Attached garage Bright interior with abundant natural light Spacious front lawn Long driveway with parking for up to 4 vehicles Prime location near Highway 99 Walking distance to shopping, supermarkets, schools, and public transportation Don't miss this incredible opportunity to own a well-located property that offers both strong rental income and a private getaway atmosphere.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,117 | - |
| Lot Size | 6,600 | - |
| Price | $320.0K | $399.2K |
| Price per sq ft | $286 | $245 |
| Built year | 1957 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 57 |
Jul 10, 2026
$320,000
Initial Listing
Jul 13, 2022
$285,000
Public Record