618 Bates Avenue, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 1 bath
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Bakersfield, CA 93307
This property presents a High-Potential Investment Opportunity with a List Price of $249,000—positioned slightly above the $241,387 Fair Market Value. While requiring significant rehabilitation due to its Poor Condition Rating, the asset offers substantial value-add potential through its ADU Expansion Potential and large lot size. The property is strategically located near essential amenities, making it a viable project for those looking to force appreciation. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers capable of managing extensive renovations.
Property is extensive renovation needed.
Built in 1964, this property is explicitly marketed as an 'INVESTOR SPECIAL,' indicating it requires substantial renovation. The images confirm a very dated interior; the kitchen features older dark wood cabinets, a well-used freestanding range, and older tile flooring, all suggesting a need for significant updates. The living room appears neglected and cluttered. With no visible updates to major systems and the age of the property, it likely requires extensive rehabilitation to meet modern standards and comfort, aligning with the 'poor' condition criteria.
Explicitly marketed as an 'INVESTOR SPECIAL' and a 'great opportunity for first-time buyers or Investors,' indicating a wide target audience and potential for various investment strategies.
The property offers the 'potential to expand and add an ADU,' providing a significant value-add opportunity for rental income or multi-generational living.
Strategically located 'near schools, public transportation, and local amenities,' enhancing its desirability and accessibility for residents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6259, other record lot size in square feet = 6098. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1243, other record living area = 1048.
The property features only 1 bathroom for 3 bedrooms, which may be a significant drawback for families or multiple occupants, impacting daily convenience and future resale value.
Marketed as an 'Investor Special' and built in 1964, the property likely requires substantial updates, repairs, or renovations, representing a significant upfront investment for buyers.
INVESTOR SPECIAL, PRICE REDUCED!! This 3-bedroom, 1-bathroom property is a great opportunity for first-time buyers or Investors. The home offers the potential to expand and add an ADU, providing an excellent option to help offset mortgage payments. Conveniently located near schools, public transportation, and local amenities. Don’t miss your chance to see this great opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,243 | - |
| Lot Size | 6,259 | - |
| Price | $249.0K | $399.2K |
| Price per sq ft | $200 | $245 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 196 | 57 |
Jan 23, 2026
$249,000
$250,000
+0% Price Increase
Initial Listing
Jan 7, 2026
$250,000
Initial Listing
Oct 14, 2016
$121,000
Public Record