628 E 3rd Street, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 1 bath
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Bakersfield, CA 93307
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.
Property is land value only, full reconstruction required.
Built in 1947, this property is marketed primarily as a development or investment opportunity involving three contiguous lots. The existing 735 sq. ft. structure shows significant exterior neglect, including a worn roof, window bars, and a yard filled with debris and unauthorized occupants. Given the age of the home, the lack of interior photos, and the explicit marketing toward redevelopment of the 18,294 sq. ft. land area, the value lies in the land rather than the dwelling.
The sale includes three contiguous parcels totaling approximately 18,294 sq. ft., offering a rare and substantial footprint for multi-unit development or expansion in a single acquisition.
With two vacant lots and one existing residential structure, investors have multiple pathways for value-add strategies, including new construction or land banking.
Acquiring three separate 6,098 sq. ft. lots simultaneously simplifies the development process and provides a competitive advantage for builders looking for scale in the Bakersfield market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =735, 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.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 735, living area = 735.
The property is being sold with unauthorized tenants in possession, requiring the buyer to assume the legal risks and potential costs associated with the ongoing eviction process.
HUGE Lot! Great Opportunity for an Investor or Developer!This property features a single-family home approximately 735 sq. ft. with 3 bedrooms and 1 bathroom, situated on a 6,098 sq. ft. lot. In addition to the main residence, two adjacent vacant lots--each also 6,098 sq. ft.--are included in the sale. Combined, all three parcels total approximately 18,294 sq. ft., offering ample potential for investors or developers to explore future development or expansion possibilities.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.House is currently occupied by tenants who are not authorized to live in the home. Property to be sold with current occupants in possession and subject to those tenants rights. Owner may not be able to evict prior to close of escrow. Owner is currently working with eviction attorney.DO NOT DISTURB TENANTS
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 43% |
| Square foot | 735 | 1,100.5 | 13% |
| Lot Size | 735 | 6,534 | 3% |
| Price | $350.0K | $299.5K | 77% |
| Price per sq ft | $476 | $263 | 97% |
| Built year | 1947 | 1960 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 185 | 3% |
Mar 11, 2026
$350,000
Initial Listing