11178 Locust Ave, Bloomington, California 92316, Bloomington, 92316 - 3 bed, 1 bath
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Bloomington, California 92316
This Redevelopment Asset lists at $749,000, positioned above the $640,171 Fair Market Value. The property concentrates its primary value in the 16,800 Square Foot Lot, offering rare Development Potential for an ADU or multi-unit project. Given the Condition Rating of 5, the 1948 structure requires a total overhaul to reach its highest and best use. Featuring Mountain Views, a Patio, and Colton Unified district access, this high-utility land play suits Real Estate Developers and Value-Add Investors seeking to maximize ROI through forced appreciation.
Property is extensive renovation needed.
Built in 1948, the property exhibits significant physical depreciation, including peeling exterior paint, worn siding, and a lack of modern climate control systems (visible window AC units). The listing description explicitly states that the 'true value of this property is in the land' and emphasizes redevelopment potential, indicating that the existing structure requires substantial rehabilitation or is nearing the end of its functional life.
The massive 16,800 square foot lot provides exceptional value and rare flexibility for building an ADU, multi-unit redevelopment, or a large private retreat.
Ideally situated with convenient access to the 10 and 215 freeways and the Palm shopping center, making it a prime location for commuters and investors alike.
The property offers significant upside potential for investors or homeowners looking to capitalize on land value through expansion or custom redevelopment.
With only one bathroom serving a three-bedroom home of over 2,100 square feet, the layout may be inconvenient for modern family living standards.
Built in 1948, the property likely requires significant updates or repairs to modernize its systems and finishes, necessitating additional capital investment.
Incredible opportunity in Bloomington! This 3-bedroom, 1-bath home sits on an expansive 16,800 square foot lot, making it ideal for both homeowners and investors. The true value of this property is in the land, offering endless possibilities for expansion, redevelopment, or building an additional dwelling unit (ADU). With ample space, this lot presents a rare chance to create a multi-unit investment property, a custom home, or a large outdoor retreat. Located in a prime area of Bloomington, the property provides convenient access to the 10 and the 215 freeway, Palm shopping center, and schools. Whether you're looking for your next home or an investment with significant upside potential, this property is a must-see. Don't miss out on this rare opportunity to capitalize on the potential of this oversized lot. Contact us today for more information or to schedule a private tour.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 1.5 |
| Square foot | 2,124 | 1,391.5 |
| Lot Size | 16,800 | 8,075 |
| Price | $599.0K | $547.7K |
| Price per sq ft | $282 | $448 |
| Built year | 1948 | 1959 |
| HOA | $0 | $0 |
| Days on market | 0 | 68 |
Jun 30, 2026
$599,000
$749,000
-20% Price Drop
Initial Listing
Apr 3, 2026
$749,000
Initial Listing
Apr 1, 2026
$700,000
Initial Listing