1164 Gould, San Bernardino, California 92408, San Bernardino, 92408 - 0 bed, 0 bath
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San Bernardino, California 92408
Analysis of 1164 Gould, San Bernardino, California 92408 is currently available with a list price of $1,299,990. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Bernardino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property was built in 1959, making it over 60 years old. The listing description focuses entirely on the land's investment and redevelopment potential, with no mention of any renovations or updates to the existing four rental units. Crucially, there are no interior images provided, which is a strong indicator that the kitchens, bathrooms, and overall interior conditions are significantly outdated and likely in need of substantial repairs and rehabilitation. While the units are described as 'income-producing,' suggesting they are currently habitable, their age and the lack of any positive description or visual evidence of their condition, coupled with the emphasis on future demolition/redevelopment, place them firmly in the 'poor' category, requiring significant investment to meet modern standards.
Strategically located at a prime corner of a major arterial (Tippecanoe Ave & Gould St) with approximately 30,000 cars per day, offering exceptional visibility and easy access to the I-10 Freeway, Loma Linda University Medical Center, and San Bernardino International Airport.
Currently zoned RMH (Residential 24 units/acre) with strong potential for additional multifamily units, and positive city feedback for a zone change to CG-1 (General Commercial), allowing for high-value commercial uses like fast food, gas stations, or retail chains.
Features four existing income-producing rental units, providing immediate cash flow to offset holding costs during the entitlement or redevelopment phases.
Built in 1959, the existing four rental units are likely dated and may require significant renovation or demolition, adding to the overall project costs for redevelopment.
While city discussions are positive, securing a zone change to CG-1 is not guaranteed and can be a lengthy, complex, and costly process, potentially delaying the full realization of the property's commercial potential.
The description provides no information regarding the current condition, occupancy rates, or specific rental income of the four existing units, making it difficult to assess their immediate value or potential capital expenditure requirements.
**PRIME CORNER** investment opportunity located at the northeast corner of Tippecanoe Avenue and Gould Street in San Bernardino, CA. This property features four income-producing rental units situated on approximately 0.62 acres across two parcels. Currently zoned RMH (Residential 24 units per acre), the site offers strong potential for more multifamily units or a zone change to CG-1 (General Commercial), which would allow for fast food, gas station, or retail chain and many other commercial uses to optimize the high traffic corner. Discussions with the city have been well received with positive feedback for the potential zone change to CG-1, as it would be consistent with the existing commercial developments directly across the street. Positioned along a major arterial with approximately 30,000 cars per day, this highly visible location is just one minute from the I-10 Freeway and five minutes from Loma Linda University Medical Center and San Bernardino International Airport. The property provides immediate rental income during the entitlement or redevelopment phase, making it an ideal opportunity for developers, investors, or owner/users seeking a well-located infill site with strong upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2 | 1,641 | 33% |
| Lot Size | 27,007 | 28,502 | 33% |
| Price | $1.30M | $850.0K | 67% |
| Price per sq ft | $650.0K | $518 | 67% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 189 | 236 | 33% |
Oct 15, 2025
$1,299,990
Initial Listing