628 E 3rd Street, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 1 bath
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628 E 3rd Street
Bakersfield, CA 93307
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
735Sq Ft
18,294Lot Size
Property Price
LIST PRICE$350,000
SUMMARY
Analysis of 628 E 3rd Street, Bakersfield, CA 93307 is currently available with a list price of $350,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1947 and over 75 years old with no evidence of renovation, this property is marketed primarily for its land value and development potential. The structure shows significant exterior neglect, debris, and a small footprint that likely lacks modern systems, making it a candidate for demolition or a total rebuild.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18294, living area = 735.
- Significant Development Potential
The property consists of three separate contiguous lots totaling 18,294 sq. ft., offering a rare opportunity for developers to build multiple units or subdivide for maximum return on investment.
- ADU Readiness
Zoned R1 with specific ADU authorization for each lot, the property is perfectly positioned for the construction of accessory dwelling units to increase rental yield or property value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =18294, other record lot size in square feet = 6098. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Extremely Small Living Footprint
The current 3-bedroom residence is only 735 sq. ft., which is exceptionally small for the bedroom count and likely requires a significant layout reconfiguration or expansion to be competitive.
- Market Stagnation
With 170 days on the market, the property has exceeded typical selling timeframes, suggesting that the current price point may not be aligned with buyer perceptions of value or the property's condition.
About 628 E 3rd Street
Three separate lots totalling 18,294 sq ft. 0.42 acres with a Single Family Residence on one of the lots. Great Opportunity for an Investor or Developer! R1 Zoning with ADU Authorization Each lot offers 6,098 sq.ft ADU Ready for detached or attached Accessory Dwelling Unit construction. Flexibility: Ideal for rental yield, guest cottage, or dedicated work-from-home sanctuary.Lot Advantage: Ample outdoor footprint to build while preserving private backyard space.Conveniently located and full of potential, this is a rare chance to acquire multiple contiguous lots in one offering.Buyer to verify all information, including lot size, zoning, and intended use with the appropriate city and county agencies.Home is vacant.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 18,294 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 735 | 1,645.732 |
| Lot Size | 18,294 | 7,650.063 |
| Price | $350.0K | $399.2K |
| Price per sq ft | $476 | $242 |
| Built year | 1947 | 1984 |
| HOA | $0 | $175 |
| Days on market | 182 | 64 |
Pricing History
Listed for Sale
Mar 11, 2026
$350,000
Initial Listing