407 E Street, Taft, CA 93268, Taft, 93268 - 3 bed, 4 bath
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Taft, CA 93268
This Multi-Generational Value-Add Property represents a Prime Investment Opportunity with a List Price of $234,900—positioned well below the $244,608 Fair Market Value by 3%. This valuation gap offers $9,708 in Instant Equity. While currently holding a Condition Rating of 4, the property features a main 3-bedroom home and a separate rear structure on a secure gated lot with a private patio. Located near top-rated schools like Parkview Elementary, this is a high-upside acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 407 E Street Subject | $234,900* List Price | 3 | 4 | 1,441 | $170 | - |
A 415 Kern Street Sold | $210,000 | 2 | 1 | 1,344 | $156 | 0.9 mi |
B 526 Washington Pending | $299,000 List Price | 3 | 2 | 1,631 | $183 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, originally built in 1925, shows evidence of past updates such as ceramic tile flooring throughout and granite-style countertops in the kitchen. However, it remains dated with older oak cabinetry, wall-mounted AC units, and floor heaters. Significant cosmetic deferred maintenance is visible, including large unpainted wall patches and a weathered exterior. While functional and livable, the home requires 'TLC' and modernization of major systems to meet current standards.
The property features a versatile layout with a 3-bedroom main house and a separate rear structure containing two bonus rooms and a full bath, ideal for extended family or rental income.
Priced for its condition and requiring some TLC, this property offers significant equity-building potential for investors or handy homeowners looking to modernize a classic 1920s home.
The generously sized lot is fully gated, providing enhanced privacy, security, and ample space for private yard use, additional storage, or future expansion.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Built in 1925 and explicitly noted as needing repairs, the property likely requires immediate capital investment to address aging systems and cosmetic wear.
The legal status and permitted uses of the rear structure are unverified, which may present challenges for financing or future zoning compliance for the buyer.
Great opportunity for investors or multi-generational living! This versatile property features a front home with 3 bedrooms and 1.75 baths, offering a functional floor plan, spacious living area, and abundant natural light. The rear structure includes 2 bonus rooms and 1 full bath, providing flexible space for extended family, guests, home office, or creative use (buyer to verify permitted uses). Situated on a generously sized, gated lot with private yard space, additional storage potential, and room to expand. With a little TLC, this property offers excellent value-add potential and long-term upside. Conveniently located near schools, shopping, dining, and easy freeway access. Don’t miss this unique opportunity with endless possibilities!
No exterior & parking available.
Grades K-3 • 0.3 mi
Grades 2-5 • 1.2 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 88% |
| Square foot | 1,441 | 1,392.5 | 50% |
| Lot Size | 5,249 | 6,969 | 25% |
| Price | $234.9K | $227.4K | 50% |
| Price per sq ft | $163 | $173 | 50% |
| Built year | 1925 | 1941 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 144 | 13% |
Apr 13, 2026
$234,900
Initial Listing
Mar 1, 2022
$190,000
Public Record
Oct 30, 2001
$69,000
Public Record
Jan 12, 1999
$18,000
Public Record