
Bakersfield, CA 93309
This property presents a High-Potential Investment Opportunity with a List Price of $320,000—positioned well below the $302,580 Fair Market Value by -5%. While the property requires a full rehab given its Condition Rating of 5, the 6,969 sqft lot and Unique Tandem Garage provide significant value-add potential, including possible ADU development. This asset is ideal for Fix-and-Flip Investors or Contractors who can leverage the functional layout to force appreciation in a central Bakersfield location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3717 Madrid Subject | $320,000* List Price | 3 | 2 | 1,360 | $222 | - |
A 3705 Madrid Avenue Sold | $315,000 | 3 | 2 | 1,370 | $230 | 0.0 mi |
B 3509 Laverne Sold | $300,000 | 3 | 2 | 1,221 | $246 | 0.2 mi |
C 3718 Barbara Avenue Sold | $305,000 | 3 | 2 | 1,680 | $182 | 0.9 mi |
D 4507 Posada Sold | $330,000 | 3 | 2 | 1,420 | $232 | 0.9 mi |
E 225 Blomquist Drive Sold | $265,000 | 4 | 2 | 1,371 | $193 | 0.6 mi |
F 240 S Real Sold | $367,500 | 3 | 2 | 1,703 | $216 | 0.7 mi |
G 3804 Laverne Active | $259,900 List Price | 3 | 2 | 1,215 | $214 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 with no evidence of recent renovations. The kitchen and bathrooms are significantly dated with tile countertops and older appliances. The presence of popcorn ceilings, worn carpeting, and the listing's explicit marketing as an investor project sold 'as-is' indicates the property needs a full rehab.
The property features a rare front-to-back tandem garage with doors opening to both the front and rear, providing exceptional flexibility for parking, storage, and backyard access.
Conveniently situated in a central Bakersfield neighborhood, the home offers easy access to the mall, diverse dining, schools, and major freeway entrances.
With a generous 6,969 sqft lot and mature landscaping, there is significant potential for an ADU or outdoor expansion to increase equity and property value.
The property is being sold strictly in its current state with no seller repairs, requiring the buyer to have a renovation budget and vision for updates.
Built in 1960, the home likely requires modernization of its interior finishes and systems to meet contemporary living standards and buyer expectations.
Bring your vision to 3717 Madrid Ave! This 3-bedroom, 2-bath home offers a great opportunity for an investor, first-time buyer with vision, or anyone looking for a property with room to create value. Situated in a convenient Bakersfield neighborhood close to the mall, shopping, dining, schools, and major freeway access. A standout feature is the front-to-back tandem garage with doors opening to both the front and rear, providing flexible parking and direct access to the backyard. The backyard offers a covered patio, landscaped areas, mature orange trees, and a storage shed, with additional potential to reimagine the outdoor space. The good-sized lot may also offer ADU potential, subject to buyer verification with the appropriate agencies. Inside, the home offers a functional layout with plenty of opportunity for updating and customization. With the right vision, this property can be transformed into something truly special. Property is being sold AS-IS. Purchase price reflects the current condition, and sellers will not be making repairs. Sellers are open to considering buyer concessions with an acceptable offer. Buyer and buyer's agent to conduct their own inspections and due diligence. Bring your vision and make 3717 Madrid Ave your next project! Schedule your showing today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,360 | 1,645.732 |
| Lot Size | 6,969 | 7,650.063 |
| Price | $320.0K | $399.2K |
| Price per sq ft | $235 | $242 |
| Built year | 1960 | 1984 |
| HOA | $0 | $175 |
| Days on market | 13 | 64 |
Aug 27, 2026
$320,000
Initial Listing
Mar 9, 1994
$83,000
Public Record