1206 W 7th, San Bernardino, California 92411, San Bernardino, 92411 - 5 bed, 2 bath
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San Bernardino, California 92411
This Dual-Unit Residential Income Property is a Strong Value Opportunity, listed at $630,000—positioned well below the $664,407 Fair Market Value by 5%. This valuation gap offers $34,407 in Instant Equity for buyers. The asset features two detached homes with a Condition Rating of 4, separate utility meters, and a private patio. Situated in the San Bernardino City Unified district, it provides a strategic "house-hack" configuration to offset mortgage costs through rental income. This is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants looking to build long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1206 W 7th Subject | $620,000* List Price | 5 | 2 | 2,152 | $293 | - |
A 1147 Spruce Active | $490,000 List Price | 4 | 2 | 1,416 | $346 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of two homes built in 1938 that appear to be maintained but dated. Exterior images show aged stucco, window-mounted AC units indicating a lack of central HVAC, and older architectural styles. The 'drive-by only' status and lack of interior photos suggest the kitchens and bathrooms likely require cosmetic and functional updates to meet modern standards, fitting the criteria for a property over 20 years old with no recent major renovations.
The property features two fully detached homes on a single lot, providing an ideal opportunity for house-hacking or generating dual rental income to offset mortgage payments.
Both units are equipped with separate gas and electric meters, simplifying property management and ensuring tenants are responsible for their own utility consumption.
The listing explicitly welcomes FHA and zero-down financing programs, making this an accessible entry point for first-time buyers and low-down-payment investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2152, other record living area = 1014. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The property is currently 'drive-by only' with instructions not to disturb tenants, which prevents buyers from assessing the interior condition before initiating the offer process.
Built in 1938, the homes may require significant capital expenditures for system upgrades or structural maintenance to meet modern efficiency and safety standards.
Two fully detached homes on one lot, separated by a wall. Each has front yard and back yard. zero-down financing programs are welcome. The front house is approximately 1,002 sq ft with 3 bedrooms and 1 bathroom. The second house is approximately 1,150 sq ft with 2 bedrooms, 1 bathroom, plus a bonus room. separate gas and electric meters. Both units are currently tenant-occupied on a month-to-month basis. Drive-by only—please do not disturb tenants. Contact us for exciting details and available financing options.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,152 | 1,666 | 75% |
| Lot Size | 6,100 | 6,807 | 25% |
| Price | $620.0K | $560.0K | 75% |
| Price per sq ft | $288 | $344 | 50% |
| Built year | 1938 | 1932 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 232 | 25% |
Apr 20, 2026
$620,000
$630,000
-2% Price Drop
Initial Listing
Mar 26, 2026
$630,000
Initial Listing
Apr 12, 2022
$518,000
Public Record
Jul 30, 2010
$150,000
Public Record
Nov 25, 2009
$70,000
Public Record
Apr 2, 2007
$375,000
Public Record