1087 E 2nd, San Bernardino, California 92408, San Bernardino, 92408 - 0 bed, 0 bath
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San Bernardino, California 92408
This Dual-Unit Residential Property is a High-Potential Investment Opportunity, listed at $629,000—positioned well below the $654,299 Fair Market Value by 3%. This valuation gap offers $25,299 in Instant Equity. The property features two updated, move-in ready homes on a 10,000 sq ft Gated Lot, earning a Condition Rating of 3. With Granite Kitchens, LVP Flooring, and Mountain Views, it provides immediate rental income potential or multi-generational flexibility. This versatile asset is perfect for Buy-and-Hold Investors or Owner-Occupants.
Property is move-in ready.
The property consists of two move-in ready homes that have undergone significant recent cosmetic updates. Improvements include new luxury vinyl plank flooring throughout the main living areas, new carpeting in the finished attic, and fresh interior and exterior paint. The kitchens have been updated with granite countertops in the rear unit and ceramic tile in the front, while the bathrooms feature modern pedestal sinks and clean fixtures. Although the structures were built in 1950, the recent renovations to the flooring, paint, and surfaces ensure the property is well-maintained and requires no immediate rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10000, living area = 1850.
The property features two separate move-in ready homes with individual addresses on a single lot, offering exceptional flexibility for rental income, multi-generational living, or a high-yield investment strategy.
Both residences boast modern updates including luxury vinyl plank flooring, granite countertops, and fresh interior paint, significantly reducing immediate capital expenditure for a new owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1850, other record living area = 728.
Both the front and rear homes are configured as 3-bedroom units with only a single bathroom each, which may limit appeal for larger families or modern rental expectations.
With only one attached garage available for two 3-bedroom residences, the property may face parking challenges for multi-car households or multiple sets of tenants.
Rare opportunity--Acquire two move-in ready homes on a gated 10,000 sq ft lot-- each with its own separate address, private front and back yards, and endless flexibility. Ideal for owner-occupants seeking rental income, extended family living, or investors pursuing a strong income-producing asset. The front home (1087 E. 2nd St.) is a unique two-story, featuring 3 bedrooms and 1 bath, with one being an oversized finished attic with new carpeting. The main level offers durable luxury vinyl plank flooring, ceramic tiled kitchen floors, updated bathroom and convenient laundry hookups located in the enclosed rear porch area. The rear home (1089 E. 2nd St.) is a single-story 3-bedroom, 1-bath, showcasing new LVP flooring throughout, granite kitchen countertops, and fresh interior and exterior paint. This home includes an attached one-car garage with laundry hookups. With both homes move-in ready and capable of generating market-rate rental income, this unique property offers a true home-plus-income opportunity in a hard-to-find configuration. A must-see for savvy buyers seeking flexibility, value, and long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 14% |
| Baths | 0.0 | 1.0 | 14% |
| Square foot | 1,850 | 1,291 | 82% |
| Lot Size | 10,000 | 6,750 | 77% |
| Price | $629.0K | $495.0K | 86% |
| Price per sq ft | $340 | $368 | 36% |
| Built year | 1950 | 1975 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 162 | 9% |
Mar 23, 2026
$629,000
Initial Listing
May 14, 2015
$80,000
Public Record
Jul 31, 2007
$395,000
Public Record