
Bakersfield, CA 93304
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well above the $336,979 Fair Market Value by 18%. While the property requires significant capital expenditure due to its Condition Rating of 5, the 8,712 sqft lot and proximity to Evergreen Elementary provide strong rental fundamentals. The asset offers clear value-add potential through modernization of aging systems. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to maximize long-term rental yields.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 911 Butler Road Subject | $400,000* List Price | 4 | 0 | 1,600 | $211 | - |
A 1017 Paloma St Sold | $419,000 | 0 | 0 | 2,044 | $205 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 (62 years old) with no evidence of recent major renovations. The exterior shows a dated roof-mounted cooling unit and older window frames, suggesting that the kitchen, baths, and core systems likely require a full rehab to meet modern standards.
Classified as a Residential Income property, this asset offers immediate opportunities for rental revenue and portfolio growth within the Bakersfield market.
The property is ideally situated within walking distance (0.27 miles) of Evergreen Elementary, making it highly attractive to families and ensuring low vacancy rates.
The 8,712 sqft lot provides ample space for tenant outdoor use or the potential addition of an Accessory Dwelling Unit (ADU) to maximize income capacity.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1962, the property may require updates to major systems such as plumbing or electrical to meet modern standards and reduce maintenance overhead.
The current list price of $400,000 is a substantial increase from its 2019 sale price of $95,000, requiring careful valuation of recent improvements to justify the market jump.
Exceptional opportunity in Bakersfield. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 1,600 | 3,255.25 |
| Lot Size | 8,712 | 9,020 |
| Price | $400.0K | $503.0K |
| Price per sq ft | $250 | $185 |
| Built year | 1962 | 1968 |
| HOA | $0 | $0 |
| Days on market | 51 | 83 |
Jul 20, 2026
$400,000
Initial Listing
Dec 19, 2019
$95,000
Public Record