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1235 Spruce Street, San Bernardino, California 92411, San Bernardino, 92411 - 4 bed, 2 bath

1235 Spruce Street, San Bernardino, California 92411 home-pic-0
ACTIVE$590,000
1235 Spruce Street, San Bernardino, California 92411
4Beds
2Baths
1,292Sqft
6,750Lot

Price Vs. Estimate

The estimated value ($507,378.79) is $82,621.21 (14%) lower than the list price ($590,000). This property may be overpriced.

Key pros and cons

Top Pros:
ADU Potential: The property includes a fully equipped 1-bedroom, 1-bathroom ADU, offering significant rental income potential or multi-generational living options.
Top Cons:
Small Square Footage: The total living space of 1292 sq ft may be considered small for some buyers, especially those with larger families.

Compared to the nearby listings

Price:$590.0K vs avg $440.0K (+$150,000)94%
Size:1,292 sqft vs avg 1,101 sqft72%
Price/sqft:$457 vs avg $39472%

More Insights

Built in 1801 (224 years old).
Condition: The property, despite being built in 1801, has been beautifully renovated. The listing mentions upgrades to electrical, plumbing, roof, windows, flooring, and the addition of mini-split units. The images confirm the new vinyl flooring, quartz countertops, cabinets, and fresh paint. The kitchen and bathroom appear modern and functional. While not brand new construction, the extensive renovations bring it to a 'good' condition.
Year Built
1801
Close
-
List price
$590K
Original List price
$630K
Price/Sqft
$457
HOA
-
Days on market
-
Sold On
-
MLS number
CV25145465
Home ConditionGood
Features
View-

About this home

BEAUTIFULLY RENOVATED Fresh and back to the market!!! INVESTOR FRIENDLY Multi-Family Home with ADU-Turnkey & Move-in-Ready! Close to schools, shopping centers and restaurants. This newly renovated multi-family property offers a total of 3 bedrooms and 1 bathroom in the front house boasting 816 sq ft plus a fully equipped 1bedroom, 1 bathroom ADU in the back-complete, with its own kitchen and living room, boasting 476sqft for a total of 1292 sq ft of living space on a generous 6,750 sq ft lot. This home is perfect for a multi-generational living or rental income potential. Upgrades includes upgraded electrical panels, recess lighting, new siding, new hardwood Vinyl waterproof floors throughout, quartz countertops, fresh interior and exterior paint, new windows, new roof, new electrical and plumbing, new doors, and new cabinets. Both the main house and the ADU feature modern mini split units for year- round comfort. Don't miss this opportunity to own a turnkey property with endless possibilities! Each unit is thoughtfully designed for comfortable living, with great rental opportunities. The property delivers an attractive cap rate, making it a strong addition to any investor’s portfolio. Whether you're looking to expand your real estate holdings or start with a solid multi-family investment this income generating gem checks all boxes, *FRONT HOUSE address 1235* *ADU address 1237*

Condition Rating
Good
The property, despite being built in 1801, has been beautifully renovated. The listing mentions upgrades to electrical, plumbing, roof, windows, flooring, and the addition of mini-split units. The images confirm the new vinyl flooring, quartz countertops, cabinets, and fresh paint. The kitchen and bathroom appear modern and functional. While not brand new construction, the extensive renovations bring it to a 'good' condition.
Pros & Cons

Pros

ADU Potential: The property includes a fully equipped 1-bedroom, 1-bathroom ADU, offering significant rental income potential or multi-generational living options.
Recent Renovation: The property has been beautifully renovated with upgrades including new electrical panels, recess lighting, new siding, new hardwood Vinyl waterproof floors, quartz countertops, fresh paint, new windows, new roof, new electrical and plumbing, new doors, and new cabinets.
Turnkey Condition: The property is move-in ready, requiring no immediate repairs or upgrades, making it attractive to both investors and owner-occupants.
Mini Split Units: Both the main house and the ADU feature modern mini split units, providing efficient and customizable year-round comfort.
Investor Friendly: The property delivers an attractive cap rate, making it a strong addition to any investor’s portfolio.

Cons

Small Square Footage: The total living space of 1292 sq ft may be considered small for some buyers, especially those with larger families.
Lot Size: While 6,750 sq ft is a decent lot size, it may not appeal to buyers seeking a larger yard or more outdoor space.
San Bernardino Location: The property's location in San Bernardino may be a drawback for some buyers due to perceived safety or desirability concerns compared to other areas.

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