1220 W 7th Street, San Bernardino, California 92411, San Bernardino, 92411 - 5 bed, 3 bath
ACTIVE$359,000
1220 W 7th Street, San Bernardino, California 92411
5Beds
3Baths
1,800Sqft
9,150Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex, offering immediate rental income potential from the second unit and future income from the rebuilt first unit, making it an attractive investment.
Top Cons:
Significant Reconstruction Required: The first unit was burned down, necessitating a substantial rebuild project which entails considerable time, cost, and project management for the buyer.
Compared to the nearby listings
Price:$359.0K vs avg $492.5K ($-133,500)17%
Size:1,800 sqft vs avg 1,791 sqft50%
Price/sqft:$199 vs avg $27717%
More Insights
Built in 1914 (111 years old).
Condition: While the second unit has been extensively remodeled with new bathrooms, kitchen, paint, and flooring, presenting in excellent condition, the first unit was burned down and requires a complete rebuild. Despite approved permits and architect drawings, the property as a whole necessitates substantial repairs and rehabilitation to restore its full functionality as a duplex, thus bringing the overall condition to 'Poor'.
Year Built
1914
Close
-
List price
$359K
Original List price
$359K
Price/Sqft
$199
HOA
-
Days on market
-
Sold On
-
MLS number
IG25135384
Home ConditionPoor
Features
ViewNeighborhood
About this home
Beautiful Duplex located in San Bernardino, 5 bedrooms, 2 bathrooms. First unit consists of 3 bedrooms, 2 bathrooms. The second unit consists of 2 bedrooms, 1 bathroom and has been remodeled with new bathrooms, new kitchen, new paint, new flooring, and more! Located close to shopping, schools, freeways. ***First unit was burned down, permits are approved and ready to rebuild the first unit .*** The architect drawing completed for the burnt-down unit and permits are pulled.
Condition Rating
Poor
While the second unit has been extensively remodeled with new bathrooms, kitchen, paint, and flooring, presenting in excellent condition, the first unit was burned down and requires a complete rebuild. Despite approved permits and architect drawings, the property as a whole necessitates substantial repairs and rehabilitation to restore its full functionality as a duplex, thus bringing the overall condition to 'Poor'.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering immediate rental income potential from the second unit and future income from the rebuilt first unit, making it an attractive investment.
Extensively Remodeled Second Unit: The second unit has been fully remodeled with new bathrooms, kitchen, paint, and flooring, making it move-in ready or immediately rentable.
Approved Rebuild Permits & Plans: A significant advantage for the damaged unit, as approved permits and completed architect drawings streamline the reconstruction process and reduce buyer risk and lead time.
Strategic Location: Conveniently located near shopping, schools, and freeways, enhancing tenant appeal and contributing to long-term property value.
Generous Lot Size: A 9150 sqft lot provides ample space, offering potential for outdoor living, additional amenities, or future property enhancements.
Cons
Significant Reconstruction Required: The first unit was burned down, necessitating a substantial rebuild project which entails considerable time, cost, and project management for the buyer.
Historic Property Age: Built in 1914, the property's age may imply potential for unseen infrastructure issues in the remaining original components or common areas, despite recent renovations.
Specialized Buyer Pool: The need for extensive reconstruction limits the buyer pool to investors or owner-occupants specifically willing and able to undertake a major renovation project.