515 Crawford Street, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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Bakersfield, CA 93305
This property presents a High-Potential Investment Opportunity with a List Price of $290,000—positioned well below the $294,300 Fair Market Value by 1%. This valuation gap offers $4,300 in Instant Equity. Featuring a Fair Condition Rating (5/10), this Residential Income duplex requires a full rehab of systems and interiors. With dual-metered units and alley access, it is a strategic Value-Add Asset ideal for Buy-and-Hold Investors or Contractors seeking to maximize rental yields in a central location.
Property is extensive renovation needed.
Built in 1958 and sold 'as-is,' this property is over 65 years old with no mention of recent renovations. The listing's emphasis on 'potential' and 'as-is' status, combined with the aged exterior and original-era infrastructure, suggests the need for a full rehab of kitchens, bathrooms, and major systems.
Featuring two separate buildings on a single lot with independent gas and electricity meters, this duplex offers a streamlined investment structure for portfolio growth.
Situated minutes from downtown Bakersfield and Bakersfield College with convenient alley access, the property is well-positioned to attract a steady pool of student and professional tenants.
With one unit currently vacant and the second soon to be, investors have the immediate opportunity to renovate and lease at current market rates without existing tenant constraints.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6848, other record lot size in square feet = 6969.
The property is being sold in its current 'as-is' state, suggesting that buyers should budget for potential deferred maintenance or modernization costs typical of a 1950s build.
The assigned elementary and middle schools carry low performance ratings, which may limit the property's appeal to families and impact long-term residential demand.
PRICE REDUCTION - DUPLEX. 2 buildings in 1 lot. Front house 2 beds, 1 bath. 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. Back unit is vacant, front unit will be vacant soon. A lot of potential. Property has access also through the back from the alley.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,446 | - |
| Lot Size | 6,848 | - |
| Price | $280.0K | $549.6K |
| Price per sq ft | $194 | $176 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 27 | 79 |
Jul 10, 2026
$280,000
$290,000
-3% Price Drop
Initial Listing
Jun 26, 2026
$290,000
Initial Listing
Jul 3, 2024
$230,000
Public Record
Apr 8, 2005
$230,000
Public Record