
San Bernardino, California 92411
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned well below the $381,158 Fair Market Value by 1.6%. This valuation gap offers $6,158 in Instant Equity for buyers capable of managing a Fair Condition Rating project. Featuring Mixed-Use Zoning Versatility and a large 7,700 sqft lot, the asset allows for significant value-add through ADU development. This is a complex, high-reward acquisition ideal for Buy-and-Hold Investors or Contractors experienced in navigating municipal permitting and rehabilitation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1087 W 9th Subject | $375,000* List Price | 4 | 2 | 1,408 | $271 | - |
A 1380 W 7th Sold | $460,000 | 3 | 2 | 1,396 | $330 | 0.4 mi |
B 588 N Pico Avenue Sold | $422,000 | 3 | 2 | 1,326 | $318 | 0.6 mi |
C 1079 Magnolia Avenue W Sold | $440,000 | 3 | 2 | 1,548 | $284 | 0.7 mi |
D 1335 Massachusetts Sold | $430,000 | 2 | 2 | 1,346 | $319 | 0.6 mi |
E 1480 W 15th Street Sold | $340,000 | 3 | 1 | 1,158 | $294 | 1.0 mi |
F 1607 Cleaveland Street Sold | $285,000 | 5 | 2 | 1,519 | $188 | 0.8 mi |
G 1076 W 5th St Active | $419,999 List Price | 4 | 2 | 1,294 | $325 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916, this 'Investor Special' requires significant rehabilitation and has open issues with the City. Photos reveal visible mold on bathroom ceilings, unpermitted additions, dated window AC units, and general neglect of systems and exterior siding.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7700, living area = 1408.
Situated in a Residential/Commercial zone, this property offers a unique opportunity for buyers to operate a business on-site while residing in a high-visibility area.
The large 7,700 sqft lot and existing 4-bedroom footprint provide a strong foundation for expansion, including the potential to add or legalize ADUs for maximum rental yield.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property features unpermitted additions and open issues with the City, requiring a sophisticated buyer capable of navigating complex legal and construction hurdles.
As an 'Investor Special' needing significant rehabilitation, the property is likely ineligible for traditional financing and will require substantial upfront capital for repairs.
Investor Special – High Potential Property in Mixed Residential/Commercial Area This 4-bedroom, 2-bath home offers a strong opportunity for investors or buyers experienced with repairs and permitting processes. The property includes a small ADU located at the back, unknown if permitted, and an additional area near the kitchen that appears to have been built without permits. Located in a Residential/Commercial zone, this property is ideal for someone who wants to live and operate a business on-site. It is conveniently close to the freeway, shopping centers, and services. The home needs repairs and has open issues with the City, making it best suited for an investor or a buyer familiar with construction, permitting, and rehabilitation. The large square footage and spacious lot provide excellent potential, including the possibility of adding another ADU (buyer to verify with the City). Given the size of the home and lot, the resale value potential is strong once improvements and compliance are completed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,408 | 1,336.28 |
| Lot Size | 7,700 | 7,410.822 |
| Price | $375.0K | $519.7K |
| Price per sq ft | $266 | $377 |
| Built year | 1916 | 1955 |
| HOA | $0 | $121 |
| Days on market | 28 | 61 |
Aug 12, 2026
$375,000
Initial Listing
Sep 24, 2018
$239,000
Public Record