1025 N Tippecanoe Avenue, San Bernardino, California 92410, San Bernardino, 92410 - 2 bed, 2 bath
ACTIVE$220,000
1025 N Tippecanoe Avenue, San Bernardino, California 92410
2Beds
2Baths
906Sqft
906Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: Explicitly marketed as a 'cash cow' and ideal for first-time investors seeking equity building or quick resale, indicating strong income or appreciation potential.
Top Cons:
Significant Renovation Needs: The listing clearly states the need for a 'total upgrade,' implying substantial additional investment and effort beyond the purchase price to bring the unit(s) to modern standards.
Compared to the nearby listings
Price:$220.0K vs avg $254.9K ($-34,950)50%
Size:906 sqft vs avg 1,083.5 sqft50%
Price/sqft:$243 vs avg $23067%
More Insights
Built in 1987 (38 years old).
Condition: The property, built in 1987 (37 years old), is explicitly marketed by the seller as needing a 'total upgrade' and is priced to allow 'reasonable credit for total upgrade,' indicating substantial work is required. Images confirm this, showing a very dated kitchen with old white appliances, worn cabinets, and fluorescent lighting. The living room features old, matted carpet. The overall condition suggests the interior components are largely original or very old, requiring significant rehabilitation to meet current standards of comfort and functionality. While not a tear-down, it is far from move-in ready and aligns with the 'poor' criteria of requiring substantial repairs and rehabilitation.
Year Built
1987
Close
-
List price
$220K
Original List price
$220K
Price/Sqft
$243
HOA
$324
Days on market
-
Sold On
-
MLS number
IG25149550
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
Looking for a cash cow. Look no more. This 2 bedrooms/2 baths unit is one of two listed units that the Seller prefers to sell together as a package. The list price will be considerably reduced to allow reasonable credit for total upgrade. One unit is rented. The other is vacant. The complex is gated and situated close to schools, shopping centers and freeways. It is priced to sell quick. The condo is tucked away from the busy downtown area. This unit is perfect for a first time investor hoping to build equity for future investment or quick resale. Hurry, this wont last.
Condition Rating
Poor
The property, built in 1987 (37 years old), is explicitly marketed by the seller as needing a 'total upgrade' and is priced to allow 'reasonable credit for total upgrade,' indicating substantial work is required. Images confirm this, showing a very dated kitchen with old white appliances, worn cabinets, and fluorescent lighting. The living room features old, matted carpet. The overall condition suggests the interior components are largely original or very old, requiring significant rehabilitation to meet current standards of comfort and functionality. While not a tear-down, it is far from move-in ready and aligns with the 'poor' criteria of requiring substantial repairs and rehabilitation.
Pros & Cons
Pros
Investment Opportunity: Explicitly marketed as a 'cash cow' and ideal for first-time investors seeking equity building or quick resale, indicating strong income or appreciation potential.
Bulk Purchase Discount: Seller prefers to sell two units together with a 'considerably reduced' price for the package, offering a unique opportunity for a larger investment at a potentially lower per-unit cost.
Enhanced Security: The complex is gated, providing an added layer of security and privacy, which is a desirable feature for residents and tenants.
Convenient Location: Strategically located close to schools, shopping centers, and freeways, offering convenience for daily commutes and access to amenities.
Immediate Occupancy/Income: One of the two units is currently vacant, allowing for immediate renovation and rental at market rates, or owner-occupancy without waiting for a tenant to vacate.
Cons
Significant Renovation Needs: The listing clearly states the need for a 'total upgrade,' implying substantial additional investment and effort beyond the purchase price to bring the unit(s) to modern standards.
Package Sale Preference: The seller's preference to sell both units as a package, with a price reduction tied to it, may limit options for buyers only interested in a single unit or complicate financing.
Ongoing Association Fees: A monthly association fee of $324 adds to the ongoing carrying costs, which can impact the net operating income for investors or the overall affordability for owner-occupants.