622 IRENE STREET
Bakersfield, CA, 93305
$248,900
Original list price: $249,000
MLS: SR26200317
Beds
3
Baths
2
Sq Ft
1,052
Lot
0.20 ac
Year Built
1949
MLS #
SR26200317
Days on Market
18
Listed
Sep 12, 2026
Description
VALUE-ADD OPPORTUNITY ON AN R-2-ZONED LOT! Located on an approximately 8,515-square-foot lot with alley access, this property offers exciting potential for an additional unit, ADU, or future redevelopment, subject to buyer verification and approval by the appropriate authorities. The existing single-story home features 3 bedrooms, 1.75 bathrooms, approximately 1,052 square feet, central heating and air conditioning, a two-car garage, and solar panels. The home needs some TLC, creating an excellent opportunity for an investor or buyer ready to renovate and unlock its full potential. Conveniently located near Bakersfield College, Highway 178, shopping, and Downtown Bakersfield. Bring your vision and take advantage of the zoning, lot size, and value-add possibilities! Buyer to verify zoning, development potential, permits, square footage, and solar ownership or agreement terms.
Location
Bakersfield, Kern County, CA 93305
Open on Google Maps ↗Listed by: Rogelio Oceguera · Forward Rlty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$2,204
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $24,890 · Loan: $224,010
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $1,551
- Property tax (1.25%)
- $259
- Homeowners insurance
- $300
- Mortgage insurance
- $93
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 Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $8,712 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.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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