1248 N Pico, San Bernardino, California 92411, San Bernardino, 92411 - 2 bed, 1 bath
1248 N Pico
San Bernardino, California 92411
Property Price
SUMMARY
Analysis of 1248 N Pico, San Bernardino, California 92411 reveals a Prime Investment Opportunity with a current list price of $399,999—significantly undercutting the $432,929 Fair Market Value by 8%. This valuation gap indicates a +$32,930 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Bernardino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1248 N Pico Subject | $399,999* List Price | 2 | 1 | 1,015 | $427 | - |
A 1456 W Base Line Street Sold | $425,000 | 3 | 2 | 1,067 | $398 | 0.1 mi |
B 1455 N J Sold | $469,000 | 3 | 1 | 1,164 | $403 | 0.7 mi |
C 1221 Cummings Way Sold | $286,000 | 2 | 1 | 834 | $343 | 0.6 mi |
D 964 S 14 Th Street Sold | $400,000 | 2 | 1 | 904 | $442 | 0.7 mi |
E 1336 Perris Street Sold | $335,000 | 2 | 1 | 720 | $465 | 0.6 mi |
F 1509 Magnolia Ave Pending | $384,000 List Price | 3 | 1 | 987 | $389 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1950, this property shows signs of age with some functional but outdated components. The kitchen features dated dark wood cabinets and older white appliances, and the living area has a popcorn ceiling and a wall-mounted heater instead of central HVAC. While newer LVP flooring and a modern ceiling fan are present, these minor updates do not constitute a full renovation. The overall condition suggests it's maintained but requires significant updates to meet current standards and preferences, particularly in the kitchen and likely the unseen bathroom.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7590, living area = 1015.
- Versatile Living Space
The inclusion of a bonus room offers flexible usage options, such as a home office, guest room, or additional family area, enhancing the property's functionality.
- Expansive Outdoor Area
A good-sized backyard provides ample space for entertaining, gardening, or creating a private outdoor oasis, adding significant lifestyle appeal.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Facilities
With only one bathroom for a two-bedroom home plus a bonus room, the property may present functional challenges for multiple occupants or guests.
- Older Construction
Built in 1950, the home may require updates to its systems, infrastructure, or interior finishes to meet modern standards and preferences.
- Compact Interior Layout
The 1015 sqft interior, while efficient, might be perceived as small for some buyers, especially considering the inclusion of a bonus room.
About 1248 N Pico
Welcome to your dream home in the heart of San Bernardino, 2Bedrooms 1Bathroom and a bonus room. There is also a good sized backyard which could be perfect for entertaining guest. this home is just a short distance from schools, restaurants and shops. Plenty of room for cars belongings. Don't miss out on the opportunity to make this home your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,590 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Bernardino Unified Schools
Graciano Gomez Elementary
Grades K-6 • 0.2 mi
Roosevelt Elementary School
Grades K-3 • 0.5 mi
Martin Luther King Jr. Middle School
Grades 7-8 • 0.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,015 | 1,040 | 49% |
| Lot Size | 7,590 | 7,000 | 67% |
| Price | $400.0K | $420.0K | 43% |
| Price per sq ft | $394 | $394 | 50% |
| Built year | 1950 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 157 | 20% |
Pricing History
Listed for Sale
Dec 3, 2025
$399,999
Initial Listing
Sold
Sep 2, 2020
$159,000
Public Record
Sold
Apr 27, 1998
$54,000
Public Record