6612 Olive, Bakersfield, CA 93308, Bakersfield, 93308 - 3 bed, 2 bath
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6612 Olive
Bakersfield, CA 93308
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,642Sq Ft
18,544Lot Size
Property Price
LIST PRICE$405,000
EST. MARKET VALUE
$402,666
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $405,000—positioned well below the $402,667 Fair Market Value (Note: Market is currently priced at parity). Featuring a Fair Condition Rating, this home offers significant upside through cosmetic modernization. The expansive 18,544 sq. ft. lot provides rare utility for RV parking and a dedicated shop, making it a versatile Asset. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage a large lot in the desirable Olive Drive area.
Estimated Market Value
$402,666
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 |
|---|---|---|---|---|---|---|
★ 6612 Olive Subject 3 bd · 2 ba · 1,642 sqft · $245 | $405,000* List Price | 3 | 2 | 1,642 | $245 | - |
A 6000 Eugene Place Sold 3 bd · 2 ba · 1,759 sqft · $253 · 0.2 mi | $445,000 | 3 | 2 | 1,759 | $253 | 0.2 mi |
B 6606 Desmond Court Active 3 bd · 3 ba · 1,969 sqft · $262 · 0.1 mi | $515,000 List Price | 3 | 3 | 1,969 | $262 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1963, the property is well-maintained but highly dated throughout. The kitchen features older wood cabinetry and vinyl flooring, the bathrooms retain vintage finishes, and the living spaces have popcorn ceilings and older carpeting. While functional and move-in ready, it requires cosmetic updates and modernization.
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 = 18544, living area = 1642.
- Expansive Lot & Utility
The massive 18,000+ square-foot lot provides exceptional space for RV parking and recreational toys, complemented by a dedicated shop for storage or workspace.
- Prime Location
Situated in the highly desirable Olive Drive area of Northwest Bakersfield, the property offers excellent proximity to sought-after schools and local conveniences.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =18544, other record lot size in square feet = 18730.
- Dated Construction
Built in 1963, the home may require modernization of its original systems and cosmetic finishes to meet the expectations of contemporary buyers.
- Market Re-entry
The property being 'back on market' can occasionally trigger increased buyer scrutiny regarding previous inspections or appraisal hurdles, despite the 'no fault to seller' status.
About 6612 Olive
Back on market at no fault to seller. Welcome to this well-located three-bedroom, two-bath home in the desirable Olive Drive area of Northwest Bakersfield, perfectly situated on an expansive 18,000+ square-foot lot. This well-maintained property offers plenty of space, comfort, and versatility, with two separate living areas providing ample room for both everyday living and entertaining. Outside, you'll find abundant space for vehicles, an RV, and recreational toys, along with a shop for additional storage or workspace. The covered patio provides the perfect spot to relax and enjoy the spacious backyard. Conveniently located near highly sought-after schools, this home offers both comfort and convenience.Call today to schedule your private tour!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 18,544 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 2.0 | 2.0 |
| Square foot | 1,642 | 1,656.81 |
| Lot Size | 18,544 | 8,069.772 |
| Price | $405.0K | $414.9K |
| Price per sq ft | $247 | $246 |
| Built year | 1963 | 1986 |
| HOA | $0 | $180 |
| Days on market | 31 | 65 |
Pricing History
Listed for Sale
Sep 23, 2026
$405,000
Initial Listing