500 Quincy Street, Bakersfield, CA 93305, Bakersfield, 93305 - 2 bed, 1 bath
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500 Quincy Street
Bakersfield, CA 93305
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,108Sq Ft
0Lot Size
Property Price
LIST PRICE$224,900
EST. MARKET VALUE
$220,230
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $249,000—positioned well below the $233,158 Fair Market Value by -6%. While the listing suggests move-in readiness, the home carries a Fair Condition Rating due to its 1921 vintage and necessary system updates. The large lot and detached garage offer significant ADU Development Potential for forced appreciation. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of managing long-term renovation projects in a value-focused market.
Estimated Market Value
$220,230
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Quincy Street Subject 2 bd · 1 ba · 1,108 sqft · $199 | $224,900* List Price | 2 | 1 | 1,108 | $199 | - |
A 2326 Nelson Sold 2 bd · 1 ba · 912 sqft · $197 · 0.8 mi | $180,000 | 2 | 1 | 912 | $197 | 0.8 mi |
B 2326 Nelson Sold 2 bd · 1 ba · 912 sqft · $197 · 0.8 mi | $180,000 | 2 | 1 | 912 | $197 | 0.8 mi |
C 14 Quincy Sold 3 bd · 1 ba · 1,391 sqft · $162 · 0.5 mi | $225,000 | 3 | 1 | 1,391 | $162 | 0.5 mi |
D 531 Quincy Street Pending 2 bd · 1 ba · 908 sqft · $208 · 0.1 mi | $189,200 List Price | 2 | 1 | 908 | $208 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
While the listing claims move-in condition, the property was built in 1921 and the kitchen features cabinetry and finishes that appear to be over 30 years old. Visible staining on the kitchen ceiling suggests potential roof or plumbing leaks, and the overall interior requires significant rehabilitation to address dated systems and aesthetic wear.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1108.
- Move-In Ready Condition
The property is exceptionally well-maintained and presented in move-in condition, offering a turnkey solution for first-time buyers or investors seeking immediate occupancy.
- ADU Development Potential
The detached two-car garage provides a significant value-add opportunity, offering the potential for conversion into an Accessory Dwelling Unit (ADU) to generate rental income or extra living space.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1921, the property's age may present long-term maintenance challenges associated with vintage plumbing, electrical, and structural systems despite its current well-maintained state.
- Local School Ratings
The assigned elementary and middle schools currently hold low performance ratings, which may be a deterrent for families prioritizing high-ranking educational districts.
About 500 Quincy Street
Reduced - welcome to this charming 2-bedroom, 1-bath home offering a great combination of comfort, condition, and potential. This property shows beautifully and is in move-in condition, making it an excellent opportunity for both first-time buyers and investors. The detached two-car garage offers additional possibilities, including potential conversion to an ADU or additional living space, subject to applicable permits and local requirements. The property is well maintained and will qualify for a variety of financing options. A great opportunity with plenty of potential--schedule your showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- -
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
Bakersfield Unified Schools
Jefferson Elementary School
Grades K-5 • 0.3 mi
3/10
Longfellow Elementary School
Grades K-6 • 0.5 mi
2/10
Myra A. Noble Elementary School
Grades K-5 • 1.1 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,108 | 1,656.81 |
| Lot Size | - | 8,069.772 |
| Price | $224.9K | $414.9K |
| Price per sq ft | $203 | $246 |
| Built year | 1921 | 1986 |
| HOA | $0 | $180 |
| Days on market | 4 | 65 |
Pricing History
Listed for Sale
Oct 23, 2026
$224,900
$249,000
-10% Price Drop
Initial Listing
Price Change
Oct 20, 2026
$249,000
Initial Listing
Sold
Mar 13, 2001
$50,000
Public Record