506 S Haley Street, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 2 bath
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Bakersfield, CA 93307
This property presents a High-Potential Investment Opportunity with a List Price of $274,999—positioned slightly above the $271,975 Fair Market Value. While the home carries a Fair Condition Rating and requires modernization, its Zoning R2 and Generous 7,536 sqft Lot provide significant upside for multi-unit development or rental expansion. Located within walking distance of Bessie E. Owens Primary School, this asset offers a stable entry point for Buy-and-Hold Investors or first-time buyers seeking to build long-term equity through strategic value-add renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 S Haley Street Subject | $274,999* List Price | 3 | 2 | 1,028 | $265 | - |
A 124 Madison Street Pending | $250,000 List Price | 3 | 1 | 949 | $263 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is over 40 years old. The images reveal an outdated kitchen with older light wood cabinets, laminate countertops, white appliances, and a fluorescent light fixture, suggesting no major renovations in the last 30+ years. The exterior shows wear with cracked concrete and dated features. While the tile flooring is practical, the overall aesthetic and systems are likely original or from an older renovation, aligning with the 'Fair' category's description of an aged home maintained through regular upkeep but showing signs of being outdated and requiring minor updates or repairs. The MLS description's mention of 'charm and potential' and the property analysis highlighting 'aging property systems' and 'potential for further updates' further support this assessment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7536, living area = 1028.
The property's R2 zoning offers significant potential for investors, allowing for possible multi-unit development or increased rental income opportunities.
Listed at $274,999, this home presents an attractive and accessible entry point for first-time homebuyers and investors in the Bakersfield market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7536, other record lot size in square feet = 7405.
The property was recently sold within the past year on 2025-11-25. The sold price is $265,000.00.
With 1,028 sqft, the interior living space is relatively small for a 3-bedroom home, which may limit its appeal to larger families or those desiring more expansive areas.
Looking for a home with charm and potential? Southeast Bakersfield Home futures 3 bed, 1.75 bath, tile flooring throughout, a spacious kitchen with plenty of cabinets, and a 2-car garage. Bonus: Zoned R2 per County Assessor.Whether you're a savvy investor or a first time home buyer, this one is worth a look!
No exterior & parking available.
Grades K-3 • 0.5 mi
Grades K-6 • 0.8 mi
Grades 7-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,028 | - |
| Lot Size | 7,536 | - |
| Price | $275.0K | $399.2K |
| Price per sq ft | $268 | $245 |
| Built year | 1981 | 0 |
| HOA | $0 | $0 |
| Days on market | 384 | 57 |
Nov 25, 2025
$265,000
Public Record
Jul 3, 2025
$274,999
Initial Listing
Apr 22, 2022
$242,000
Public Record
Jun 13, 2016
$68,000
Public Record
May 17, 2016
$40,000
Public Record