
Bakersfield, CA 93306
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $307,912 Fair Market Value by 2%. This valuation gap offers $8,912 in Instant Equity. Featuring a Good Condition Rating with a 2017 renovation and a detached, permitted ADU, the property provides immediate rental income potential. The expansive 10,360sf lot offers significant upside for outdoor customization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset.
Property is move-in ready.
The property was renovated in 2017 (7 years ago), placing it within the 'Good' criteria for recent updates. The main house features a modern kitchen with shaker cabinets and farmhouse sink, updated wood-look tile flooring, and functional HVAC systems. While the ADU kitchen is more basic and the yard is unlandscaped, the primary residence is move-in ready and well-maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10360, living area = 1500.
The property features a detached, permitted 1-bedroom ADU with a full kitchen, providing an excellent opportunity for rental income or multi-generational living.
Sitting on over 10,000 square feet, the large lot offers ample space for RV parking, a pool, and significant outdoor customization.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10360, other record lot size in square feet = 10454. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1140. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The main residence only provides 1.5 bathrooms for three bedrooms, which may be insufficient for larger families or modern buyer preferences.
Originally built in 1955, the home may require more frequent maintenance or further updates to its aging structural and mechanical systems.
Introducing 807 Shalimar Drive, a gated single family residence with rental income potential located in a vibrant neighborhood of North East Bakersfield. Renovated in 2017 and ready for a new owner or savvy investor to elevate it's further potential! The main residence features 3 bedrooms, 1.5 baths and approximately 1140sf of living space. In the back, discover a detached permitted 1 bedroom, 1 bath ADU approximately 400sf with a full kitchen; perfect use as rental unit, mother in law suite, home office and more. The property sits on over a 10,000sf lot and allows for ample parking, RV Parking, room for a pool and endless opportunities to create a tranquil entertainer's dream outdoor space.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,500 | 1,645.732 |
| Lot Size | 10,360 | 7,650.063 |
| Price | $299.0K | $399.2K |
| Price per sq ft | $199 | $242 |
| Built year | 1955 | 1984 |
| HOA | $0 | $175 |
| Days on market | 18 | 64 |
Aug 22, 2026
$299,000
Initial Listing
Aug 23, 2002
$73,000
Public Record