2829 Dracena Street
Bakersfield, CA, 93304
$225,000
MLS: PI26077480
Beds
2
Baths
1
Sq Ft
660
Lot
0.10 ac
Year Built
1936
MLS #
PI26077480
Days on Market
12
Listed
Apr 10, 2026
Description
Investor special in the coveted Oleander neighborhood! This charming 2-bedroom, 1-bath home on Dracena Street offers incredible potential for the right buyer ready to bring it back to life. Situated on a desirable corner lot, the property features a 1-car garage and possible RV parking, and indoor laundry hookups, adding both convenience and value. With solid bones and endless opportunity, this home is ideal for a flip, long-term rental, or Airbnb investment. Opportunities like this are rare, especially priced well below market value. Do not miss your chance to transform this hidden gem into something truly special.
Location
Bakersfield, Kern County, CA 93304
Open on Google Maps ↗Listed by: Alishaan Abbas · Keller Williams Realty Bakersfield
Payment estimate
$1,863
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $22,500 · Loan: $202,500
- Principal & Interest
- $1,244
- Property tax (1.25%)
- $234
- Homeowners insurance
- $300
- Mortgage insurance
- $84
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Bakersfield home with as little as 3.5% down using an FHA loan — roughly $7,875 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Bakersfield, CA 93304 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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