513 Washington Avenue, Bakersfield, CA 93308, Bakersfield, 93308 - 3 bed, 2 bath
ACTIVE$249,950$1,056/sqft
Est. Value: $248,743
%
FairlyEstimate
513 Washington Avenue, Bakersfield, CA 93308
3Beds
2Baths
1,056Sqft
6,402Lot
Price Vs. Estimate
The estimated value ($248,742.8) is $1,207.2 (0%) lower than the list price ($249,950). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property features two distinct living units (a 2-bedroom, 1-bath front house and a studio with a 3/4 bath above the garage), offering significant potential for rental income or multi-generational living arrangements.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6402, other record lot size in square feet = 6534. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compared to the nearby listings
Price:$249.9K vs avg $293.0K ($-43,050)34%
Size:1,056 sqft vs avg 1,350 sqft26%
Price/sqft:$237 vs avg $21270%
More Insights
Built in 1938 (88 years old).
Condition: Built in 1938, the property has received cosmetic updates including 'newer flooring and paint throughout, newer kitchen cabinets, counters and sink' in the front house, and the studio unit also appears recently refreshed with LVP flooring and paint. However, the kitchen appliances are older, and the main bathroom, while clean, features dated tile and fixtures. The updates are functional but not extensive or modern, indicating the home is aged but maintained through regular upkeep rather than a full recent renovation. Major systems like HVAC are not specified but likely older, with a window AC unit visible in the studio.
Year Built
1938
Close
-
List price
$250K
Original List price
-
Price/Sqft
$237
HOA
$0
Days on market
-
Sold On
-
MLS number
PI25282168
Home ConditionFair
Features
Patio
View-
About this home
Oildale Cutie is 2 homes on 1 lot! The front house is 2 bdrm 1 bath with many updates including newer flooring and paint throughout, newer kitchen cabinets, counters and sink. Second unit is a studio with 3/4 bath and is located above the oversized 1 car garage. Large backyard has alley access. Great for RV parking. Last, but definitely not least, this lot is zoned R3 providing opportunities to create additional housing.
S
Shanti Brinsfield
Listing Agent
Nearby schools
2/10
Standard Elementary School
Public,•K-5•0.6mi
3/10
North Beardsley Elementary School
Public,•K-6•0.7mi
3/10
Wingland Elementary School
Public,•K-5•0.8mi
2/10
Standard Middle School
Public,•6-8•0.6mi
4/10
Beardsley Junior High School
Public,•7-8•0.7mi
5/10
North High School
Public,•9-12•0.9mi
Price History
Date
Event
Price
07/31/00
Sold
$3,500
03/09/22
Sold
$175,000
04/30/14
Sold
$65,000
Condition Rating
Fair
Built in 1938, the property has received cosmetic updates including 'newer flooring and paint throughout, newer kitchen cabinets, counters and sink' in the front house, and the studio unit also appears recently refreshed with LVP flooring and paint. However, the kitchen appliances are older, and the main bathroom, while clean, features dated tile and fixtures. The updates are functional but not extensive or modern, indicating the home is aged but maintained through regular upkeep rather than a full recent renovation. Major systems like HVAC are not specified but likely older, with a window AC unit visible in the studio.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features two distinct living units (a 2-bedroom, 1-bath front house and a studio with a 3/4 bath above the garage), offering significant potential for rental income or multi-generational living arrangements.
Development Opportunity (R3 Zoning): The R3 zoning designation is a major asset, providing valuable opportunities to create additional housing units on the lot, enhancing long-term investment and development potential.
Recent Interior Updates: The front house has received many updates, including newer flooring, paint throughout, newer kitchen cabinets, counters, and sink, reducing immediate renovation needs for the main dwelling.
Practical RV Parking & Alley Access: The large backyard with convenient alley access is ideal for RV parking or additional vehicle storage, a desirable practical feature for many buyers.
Accessible Price Point: Listed at $249,950, this multi-unit property presents an attractive and accessible investment opportunity within the Bakersfield market.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6402, other record lot size in square feet = 6534. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Advanced Age of Structure: Built in 1938, the property's age suggests potential for outdated underlying infrastructure (e.g., plumbing, electrical, HVAC systems) that may require significant future upgrades or maintenance beyond the recent cosmetic updates.
Compact Overall Square Footage: With a combined total of 1056 sqft for two separate units, the living spaces are relatively compact, which might limit appeal for buyers seeking more spacious accommodations or larger families.
Unspecified Condition of Second Unit & Major Systems: While the front house has updates, the description lacks specific details on the condition or updates of the studio unit or critical systems (e.g., roof, foundation, major appliances) for both structures, potentially leading to unforeseen expenses for a new owner.