514 L, Bakersfield, CA 93304, Bakersfield, 93304 - 2 bed, 1 bath
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Bakersfield, CA 93304
This property presents a High-Potential Investment Opportunity with a List Price of $200,000—positioned well below the $206,717 Fair Market Value by 3%. This valuation gap offers $6,717 in Instant Equity for buyers. Featuring Zoning R-3 and a Fair Condition Rating, the asset requires a full rehab, making it a strategic play for forced appreciation. The property is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to leverage the development potential of this historic Oleander Sunset lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 L Subject | $200,000* List Price | 2 | 1 | 892 | $232 | - |
A 931 Terrace Way Sold | $200,000 | 2 | 1 | 924 | $216 | 0.8 mi |
B 213 T Street Active | $225,000 List Price | 3 | 1 | 1,040 | $216 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1938 with no evidence of major renovations in the last 30-50 years, this property is sold 'as-is' and shows significant deferred maintenance. Visible exterior rot is present on the detached garage roofline, and interior utility areas show heavily dated, worn cabinetry. The age and condition suggest a full rehab is necessary.
The property is zoned R-3, offering significant opportunities for future development, multi-use possibilities, or high-density residential investment on a generous lot.
Situated in the historic Oleander Sunset area, the home is minutes from downtown shopping, dining, and entertainment with easy access to major transportation routes.
Built in 1938, this charming residence offers a piece of local history and includes a detached garage, providing character that appeals to both investors and homebuyers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5957, other record lot size in square feet = 6098.
The property is being sold in as-is condition, which likely implies the need for immediate repairs or modernization to meet current market standards.
Being tenant-occupied may present challenges for buyers regarding immediate possession, scheduling private showings, or performing renovations.
Investors and homebuyers alike—don’t miss this opportunity to own a piece of Oleander Sunset History. This charming 2-bedroom, 1-bath home offers 892 sq ft of living space on a spacious 6,098 sq ft lot and includes a detached garage in the rear. Zoned R-3, the property presents exciting potential for future development, investment, or multi-use possibilities. Conveniently located just minutes from downtown shopping, dining, and entertainment, with easy access to major transportation routes. Property is tenant-occupied and being sold as-is. Schedule your private showing today! Call the listing agent directly.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 40% |
| Square foot | 892 | 1,137 | 10% |
| Lot Size | 5,957 | 6,766.5 | 40% |
| Price | $200.0K | $297.5K | 20% |
| Price per sq ft | $224 | $251 | 30% |
| Built year | 1938 | 1956 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 245 | 10% |
May 18, 2026
$200,000
Initial Listing
Apr 11, 2014
$54,500
Public Record
Nov 17, 2004
$114,000
Public Record
Jul 7, 1998
$46,500
Public Record