831 L Street, Bakersfield, CA 93304, Bakersfield, 93304 - 2 bed, 1 bath
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831 L Street
Bakersfield, CA 93304
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
576Sq Ft
3,049Lot Size
Property Price
LIST PRICE$238,000
EST. MARKET VALUE
$236,466
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $245,000—positioned slightly above the $241,113 Fair Market Value. While the price reflects current market stability, the property features a Condition Rating of 2, boasting comprehensive interior renovations including new flooring and updated windows. Located in the historic Oleander-Sunset district, this home offers a move-in ready experience for first-time buyers or Buy-and-Hold Investors seeking a low-maintenance asset in a central, accessible Bakersfield location.
Estimated Market Value
$236,466
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 |
|---|---|---|---|---|---|---|
★ 831 L Street Subject 2 bd · 1 ba · 576 sqft · $411 | $238,000* List Price | 2 | 1 | 576 | $411 | - |
A 1006 6th Active 2 bd · 1 ba · 645 sqft · $386 · 0.3 mi | $249,000 List Price | 2 | 1 | 645 | $386 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone a recent comprehensive interior renovation (likely <5 years) featuring new laminate flooring, fresh paint, updated dual-pane windows, and modern barn doors. The exterior stucco and roof appear well-maintained, making it a turn-key, move-in ready home with no immediate maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Historic Location
Situated in the desirable Oleander-Sunset historic district, the property offers excellent proximity to Downtown Bakersfield's dining, shopping, and entertainment hubs.
- Turnkey Interior Updates
The home features recently updated interiors and has been meticulously maintained, providing a move-in-ready experience for homeowners or immediate rental potential for investors.
- Market Affordability
Priced competitively at $245,000 with no association fees, this property represents a rare and accessible entry point into the single-family residential market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2835, other record lot size in square feet = 3049.
- Extremely Limited Living Space
With only 576 square feet of living area, the two-bedroom layout is exceptionally compact, which may significantly limit appeal for families or buyers requiring storage.
- Underperforming School District
The assigned public schools carry low performance ratings (ranging from 2 to 4), which could be a deterrent for education-focused buyers and impact long-term appreciation.
About 831 L Street
Welcome to 831 L St., an R-3 lot zoning with a very well-maintained 2-bedroom, 1-bath home nestled in the historic Oleander-Sunset area. Offering new, updated interiors and a comfortable layout, this home is a great opportunity for both homebuyers and investors looking for a property with character and potential. Conveniently located near Downtown, you'll enjoy easy access to local shops, dining, entertainment, and everyday amenities. With its cared-for condition, new interiors, and desirable location, 831 L St. is a home worth taking a closer look at. Reach out to Mia the listing agent directly for a showing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
McKinley Elementary School
Grades K-6 • 0.6 mi
3/10
Roosevelt Elementary School
Grades K-5 • 0.9 mi
4/10
Emerson Middle School
Grades 6-8 • 0.5 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 576 | 1,656.81 |
| Lot Size | 3,049 | 8,069.772 |
| Price | $238.0K | $414.9K |
| Price per sq ft | $413 | $246 |
| Built year | 1948 | 1986 |
| HOA | $0 | $180 |
| Days on market | 18 | 65 |
Pricing History
Listed for Sale
Oct 21, 2026
$238,000
$245,000
-3% Price Drop
Initial Listing
Price Change
Oct 6, 2026
$245,000
Initial Listing
Sold
Jun 24, 2010
$32,000
Public Record
Sold
Mar 2, 2006
$100,000
Public Record