
San Bernardino, California 92410
This Tenant-Occupied Residential Asset is listed at $215,000, representing a stable valuation relative to its $210,470 Fair Market Value. The property offers a strategic entry point into the San Bernardino market, featuring Ground-Level Accessibility and a Condition Rating of 4. As a well-maintained unit with existing residents who wish to remain, it provides immediate rental income with no initial vacancy period. Situated in the San Bernardino City Unified district, this is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers looking for a turnkey, income-generating addition to their portfolio.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1025 N Tippecanoe Subject | $215,000* List Price | 2 | 2 | 906 | $232 | - |
A 1025 N Tippecanoe Avenue 244 Active | $199,900 List Price | 2 | 2 | 906 | $221 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1987 (37 years old) and is described as well-maintained and clean, but lacks any mention of recent major renovations or modern upgrades. It fits the 'fair' criteria as an aged home maintained through regular upkeep with components and styles that likely show signs of being outdated.
The property is currently tenant-occupied with residents who wish to remain, offering investors a turnkey opportunity with immediate cash flow and no initial vacancy period.
As a downstairs unit with no stairs required for entry, this condo offers enhanced accessibility and convenience, appealing to a broad demographic including those with mobility preferences.
Priced at $215,000 for a 2-bedroom, 2-bathroom configuration, this property represents a highly affordable entry point into the Inland Empire real estate market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =906, other record lot size in square feet = 83121.
The $365 monthly association fee is a significant recurring expense relative to the purchase price, which may impact the net return on investment and monthly debt-to-income ratios.
Because the unit is tenant-occupied, owner-occupant buyers may face timing challenges or legal requirements regarding move-in dates if the current residents do not vacate immediately.
Here’s a clean, professional MLS-style property description you can use for your listing. I wrote it in a way that appeals to both investors and owner-occupants while highlighting the tenant situation. Investment Opportunity in San Bernardino – Tenant Occupied Condo Welcome to this well-maintained 2-bedroom, 2-bathroom downstairs condo located in the city of San Bernardino. This convenient ground-level unit offers comfortable living with a functional layout and easy access—no stairs required. The condo features a spacious living area, two generously sized bedrooms, and two full bathrooms, providing flexibility for comfortable everyday living. The downstairs location offers added convenience and accessibility, making it appealing to a wide range of occupants. Great opportunity for investors: the property is currently tenant-occupied, and the tenants would like to remain, offering the potential for immediate rental income and a smooth transition for the new owner. Located near shopping, dining, schools, and major commuter routes, this condo offers both convenience and long-term rental appeal. Whether you're looking to expand your investment portfolio or secure a low-maintenance property in the Inland Empire, this San Bernardino condo presents a strong opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 906 | 906 | 50% |
| Lot Size | 906 | 906 | 50% |
| Price | $215.0K | $215.0K | 50% |
| Price per sq ft | $237 | $223 | 60% |
| Built year | 1987 | 1987 | 50% |
| HOA | $365.0 | $345 | 60% |
| Days on market | 50 | 194 | 20% |
Mar 3, 2026
$215,000
Initial Listing