1202 W 11th, San Bernardino, California 92411, San Bernardino, 92411 - 2 bed, 1 bath
ACTIVE$349,000
1202 W 11th, San Bernardino, California 92411
2Beds
1Bath
834Sqft
6,732Lot
Price Vs. Estimate
The estimated value ($321,390.175) is $27,609.825 (7%) lower than the list price ($349,000). This property may be overpriced.
Key pros and cons
Top Pros:
Corner Lot: The property is situated on a corner lot, which typically offers more privacy, natural light, and potentially more flexible access or expansion opportunities.
Top Cons:
Limited Financing Options: The property will not qualify for FHA or conventional loans, requiring cash or hard money financing, which severely restricts the potential buyer pool.
Compared to the nearby listings
Price:$349.0K vs avg $440.0K ($-91,000)21%
Size:834 sqft vs avg 1,100 sqft22%
Price/sqft:$418 vs avg $39461%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property is in very poor condition, requiring substantial repairs and rehabilitation. The kitchen is severely outdated with worn cabinets and no modern appliances, necessitating a full renovation. The interior shows significant neglect with peeling paint and stained ceilings. Crucially, the listing explicitly states it will not qualify for FHA or conventional loans, indicating major underlying issues with safety, soundness, or systems that require extensive repair to meet current standards.
Year Built
1947
Close
-
List price
$349K
Original List price
$349K
Price/Sqft
$418
HOA
-
Days on market
-
Sold On
-
MLS number
IG25231836
Home ConditionPoor
Features
ViewNeighborhood
About this home
2bd 1bth home on a corner lot with lots of potential! Original oak flooring in living room and bedrooms. Partially remodeled bathroom. Detached one car garage is ideal to convert to an ADU. This property will not go FHA and will likely not go conventional. Cash or hard money will likely be the only option.
Condition Rating
Poor
Built in 1947, this property is in very poor condition, requiring substantial repairs and rehabilitation. The kitchen is severely outdated with worn cabinets and no modern appliances, necessitating a full renovation. The interior shows significant neglect with peeling paint and stained ceilings. Crucially, the listing explicitly states it will not qualify for FHA or conventional loans, indicating major underlying issues with safety, soundness, or systems that require extensive repair to meet current standards.
Pros & Cons
Pros
Corner Lot: The property is situated on a corner lot, which typically offers more privacy, natural light, and potentially more flexible access or expansion opportunities.
ADU Conversion Potential: The detached one-car garage is explicitly noted as ideal for conversion into an Accessory Dwelling Unit (ADU), presenting a significant opportunity for added value or rental income.
Original Character: The presence of original oak flooring in the living room and bedrooms adds classic character and durability, a desirable feature for many buyers.
Partial Bathroom Remodel: A partially remodeled bathroom indicates some recent updates have been made, potentially reducing immediate renovation costs in a key area.
Value-Add Opportunity: Described as having 'lots of potential,' this property is well-suited for investors or buyers looking to customize, renovate, and significantly increase its equity and market value.
Cons
Limited Financing Options: The property will not qualify for FHA or conventional loans, requiring cash or hard money financing, which severely restricts the potential buyer pool.
Age and Implied Condition: Built in 1947, the property likely requires substantial updates to major systems (plumbing, electrical, HVAC) and general modernization beyond the partial bathroom remodel.
Small Square Footage: With only 834 sqft for a 2-bedroom home, the living space is relatively small, which may be a limiting factor for some prospective buyers.