1206 W West 7th, San Bernardino, California 92411, San Bernardino, 92411 - bed, bath
ACTIVE$599,000
1206 W West 7th, San Bernardino, California 92411
0Bed
0Bath
2,152Sqft
6,100Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Dual Income Property: The property features two separate houses on one lot, providing excellent potential for rental income or an owner-occupant to offset mortgage costs.
Top Cons:
Limited Due Diligence: The 'drive-by only' and 'do not disturb tenants' restrictions severely limit a buyer's ability to inspect the interior condition of the units, posing a significant risk.
Compared to the nearby listings
Price:$599.0K vs avg $575.0K (+$24,000)67%
Size:2,152 sqft vs avg 1,791 sqft83%
Price/sqft:$278 vs avg $30850%
More Insights
Built in 1938 (87 years old).
Condition: Built in 1938, this property is 86 years old. The 'drive-by only' instruction and lack of interior photos, coupled with the mention of 'below market rents,' strongly suggest that the interiors, including kitchens and bathrooms, are significantly outdated and likely require substantial repairs and rehabilitation. The exterior also shows signs of age and deferred maintenance. Major systems are likely at or beyond their expected lifespan.
Year Built
1938
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
GD25232259
Home ConditionPoor
Features
View-
About this home
Two separate houses on the same lot. Ideal property for investors or owner-occupants looking to offset their mortgage with rental income. FHA and zero-down programs welcome. Front home: Approx. 1,002 sq ft, 3 bed / 1 bath. Rear home: Approx. 1,150 sq ft, 2 bed / 1 bath. Each home has its own private front and back yard. Separate gas and electric meters. Both tenants are month-to-month for added flexibility. Current rents are below market rates, presenting a potential opportunity for increased rental income. This is a drive-by only listing—please do not disturb tenants. Call for more exciting details or to discuss financing options.
Condition Rating
Poor
Built in 1938, this property is 86 years old. The 'drive-by only' instruction and lack of interior photos, coupled with the mention of 'below market rents,' strongly suggest that the interiors, including kitchens and bathrooms, are significantly outdated and likely require substantial repairs and rehabilitation. The exterior also shows signs of age and deferred maintenance. Major systems are likely at or beyond their expected lifespan.
Pros & Cons
Pros
Dual Income Property: The property features two separate houses on one lot, providing excellent potential for rental income or an owner-occupant to offset mortgage costs.
Value-Add Opportunity: Current rents are below market rates, presenting a clear opportunity for a new owner to increase rental income and boost cash flow.
Flexible Tenancy: Both tenants are on month-to-month leases, offering the new owner immediate flexibility to adjust rents, occupy a unit, or implement property improvements.
Separate Utilities: Each home has its own private gas and electric meters, simplifying utility management and tenant billing.
Broad Financing Options: The property welcomes FHA and zero-down programs, potentially expanding the pool of eligible buyers and making financing more accessible.
Cons
Limited Due Diligence: The 'drive-by only' and 'do not disturb tenants' restrictions severely limit a buyer's ability to inspect the interior condition of the units, posing a significant risk.
Age of Property: Built in 1938, the property may have older systems (plumbing, electrical, HVAC) and potential for deferred maintenance, which could require substantial capital expenditure.
Potential for Tenant Turnover: While month-to-month leases offer flexibility, increasing rents to market value could lead to tenant turnover, resulting in vacancy periods and re-leasing costs.