508 El Prado, Bakersfield, CA 93304, Bakersfield, 93304 - 2 bed, 1 bath
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Bakersfield, CA 93304
This Updated 1940s Residence is a Strong Value Opportunity, listed at $254,995—positioned well below the $262,417 Fair Market Value by 2%. This valuation gap provides $7,422 in Instant Equity. Boasting a Condition Score of 3, the home features a newer roof, windows, and central HVAC, significantly reducing near-term capital expenditures. The separate garage offers excellent ADU potential, while the proximity to Evergreen Elementary and Sequoia Middle School enhances its rental appeal. This property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready starter home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 508 El Prado Subject | $254,995* List Price | 2 | 1 | 992 | $265 | - |
A 809 Caylor Sold | $265,000 | 2 | 1 | 1,009 | $263 | 0.3 mi |
B 205 S Myrtle Street Sold | $310,000 | 3 | 2 | 997 | $311 | 0.9 mi |
C 1033 Chapel Drive Sold | $290,000 | 2 | 1 | 1,126 | $258 | 0.7 mi |
D 309 S Myrtle Active | $299,900 List Price | 3 | 1 | 1,142 | $263 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant recent capital improvements, including a newer roof, windows, and central HVAC system. While the interior features like the tile countertops in the kitchen and the bathroom vanity are dated in style, they appear well-maintained and functional. The consistent tile flooring and updated major systems elevate the condition above fair, despite the 1940 build year.
The property features a newer roof, windows, and central HVAC system, providing significant value and peace of mind by reducing immediate capital expenditures for the buyer.
The home includes highly desirable features for its size, such as indoor laundry facilities and a separate garage that offers flexibility for storage or potential ADU conversion.
With good natural light throughout and a practical floor plan, this 1940s residence maintains a bright and inviting atmosphere that maximizes its nearly 1,000 square feet of living space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6598, other record lot size in square feet = 6534.
With only two bedrooms and one bathroom in under 1,000 square feet, the property may not accommodate growing families or those requiring a dedicated home office.
The assigned public schools for this address currently hold lower to average ratings (3-4 out of 10), which may be a drawback for education-focused buyers.
Welcome to 508 El Prado Dr, a home with important updates already done. The property features a newer roof, newer central A/C and heating, and newer windows, helping keep the home comfortable year-round. Inside, you'll find a practical layout with indoor laundry and good natural light. The separate garage adds extra flexibility and potential for future use. Conveniently located near schools, shopping, and main roads, this home is easy to see and easy to appreciate.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 992 | 1,288 | 14% |
| Lot Size | 6,598 | 6,922 | 36% |
| Price | $255.0K | $330.0K | 14% |
| Price per sq ft | $257 | $251 | 50% |
| Built year | 1940 | 1956 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 208 | 7% |
Mar 31, 2026
$254,995
Initial Listing
Sep 11, 2017
$105,000
Public Record
Mar 12, 2010
$53,000
Public Record
Apr 13, 2006
$204,000
Public Record