515 Crawford St, Bakersfield, CA 93305, Bakersfield, 93305 - 3 bed, 0 bath
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515 Crawford St
Bakersfield, CA 93305
ACTIVE
CONDITION: POOR
3Beds
0Baths
1,446Sq Ft
0Lot Size
Property Price
LIST PRICE$260,000
EST. MARKET VALUE
$245,458
5% AboveMARKET VALUE
SUMMARY
This duplex presents a High-Potential Investment Opportunity with a List Price of $260,000—positioned well above the $245,458 Fair Market Value by -5%. Featuring a Condition Rating of 5, this asset requires a full rehabilitation to unlock its dual-income potential. The property offers separate utility meters and alley access, making it a strategic acquisition for Buy-and-Hold Investors or Contractors. Its central location near downtown and local colleges ensures strong rental demand once the necessary renovations are completed.
Estimated Market Value
$245,458
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 |
|---|---|---|---|---|---|---|
★ 515 Crawford St Subject 3 bd · 0 ba · 1,446 sqft · $170 | $260,000* List Price | 3 | 0 | 1,446 | $170 | - |
A 1231 1/2 Lincoln Pending 4 bd · 2 ba · 1,709 sqft · $146 · 1.0 mi | $250,000 List Price | 4 | 2 | 1,709 | $146 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1958 (66 years old) and sold 'as-is,' this duplex requires a full rehab. The property lacks central HVAC (visible window units), features dated interior finishes, and shows significant deferred maintenance on the exterior and grounds, fitting the criteria for a property needing major rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
This duplex configuration with separate gas and electric meters provides an excellent opportunity for investors to generate two streams of rental income or for an owner-occupant to house-hack.
- Immediate Vacancy
Both units are currently vacant, allowing for immediate renovations or the ability to place new tenants at current market rental rates without the complications of existing lease agreements.
- Strategic Central Location
Centrally located near downtown Bakersfield and Bakersfield College, the property offers high desirability for tenants and features convenient dual access from both the street and the rear alley.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in 'as-is' condition, suggesting a need for significant repairs or modernization which will require additional upfront capital investment.
- Extended Market Time
With 112 days on the market despite a price reduction, the property may face perception issues regarding its value-to-condition ratio among seasoned investors.
About 515 Crawford St
PRICE REDUCTION - DUPLEX. 2 buildings in 1 lot. Front house 2 beds, 1 bath plus a bonus room. Back house, 1 bed, 1 bath. Excellent opportunity for adding this duplex to your portfolio. Sale is "as-is" sale. Separate gas and electricity meter. Property is centrally located just minutes away from shopping, downtown and Bakersfield College. Both units are vacant. A lot of potential. Property has access also through the back from the alley. Seller needs to sell.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1958
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Myra A. Noble Elementary School
Grades K-5 • 0.4 mi
2/10
Jefferson Elementary School
Grades K-5 • 0.7 mi
3/10
Longfellow Elementary School
Grades K-6 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 1,446 | 3,050.111 |
| Lot Size | - | 8,743.333 |
| Price | $260.0K | $480.4K |
| Price per sq ft | $180 | $188 |
| Built year | 1958 | 1966 |
| HOA | $0 | $0 |
| Days on market | 120 | 84 |
Pricing History
Listed for Sale
Jun 26, 2026
$260,000
Initial Listing
Sold
Jul 3, 2024
$230,000
Public Record
Sold
Apr 8, 2005
$230,000
Public Record