126 W Wabash Street, San Bernardino, California 92405, San Bernardino, 92405 - 0 bed, 0 bath
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126 W Wabash Street
San Bernardino, California 92405
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,438Sq Ft
300Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$611,484
SUMMARY
This triplex presents a Strong Value Opportunity with a List Price of $639,000—positioned well above the $607,969 Fair Market Value by 5%. While the property requires capital investment due to its Condition Rating of 5, the Diverse Unit Mix and Immediate Rental Income provide a stable foundation for a value-add strategy. The property features Garage and Off-Street Parking, enhancing tenant retention. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage a multi-unit property for long-term wealth building.
Estimated Market Value
$611,484
Based on Realkey algorithm analyzing recent comparable sales in San Bernardino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 W Wabash Street Subject 0 bd · 0 ba · 2,438 sqft · $251 | $599,000* List Price | 0 | 0 | 2,438 | $251 | - |
A 1314 N E Sold 0 bd · 0 ba · 2,252 sqft · $251 · 0.5 mi | $565,000 | 0 | 0 | 2,252 | $251 | 0.5 mi |
B 1720 N Sierra Way Active 0 bd · 0 ba · 2,126 sqft · $303 · 0.4 mi | $645,000 List Price | 0 | 0 | 2,126 | $303 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1952 with no evidence of significant modern renovations. The kitchen is severely dated with worn cabinetry and old tile countertops (>30 years old). Systems are outdated, relying on wall heaters and window AC units rather than central HVAC. Visible wear on exterior stucco and interior ceilings suggests deferred maintenance and the need for a comprehensive rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is fully occupied with three units, offering an investor immediate cash flow and a turnkey income-producing asset from day one.
- Diverse Unit Mix
Featuring a spacious 3-bedroom rear unit and two 1-bedroom front units, the property appeals to a wide range of tenants and offers flexibility for future owner-occupancy.
- Ample Parking Facilities
The inclusion of both garage and off-street parking is a premium feature for multi-unit properties in this area, increasing tenant retention and property value.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1952, the property may require capital expenditures for updates to major systems or structural components typical of homes from this era.
- Limited Appreciation Potential
Located in a standard residential area of San Bernardino, the property may see slower long-term capital appreciation compared to higher-demand coastal Southern California markets.
About 126 W Wabash Street
INVESTMENT OPPORTUNITY IN SAN BERNARDINO! Add to your real estate portfolio with this income-producing triplex featuring three residential units: two 1-bedroom, 1-bathroom units and one spacious 3-bedroom, 2-bathroom unit. All three units are currently rented, providing an established rental income stream. With reported annual gross scheduled rental income of $48,420, a reported net operating income (NOI) of $32,802, and an approximately 5.48% cap rate based on seller-provided income and expenses at the current asking price, this property presents an attractive opportunity for investors seeking rental income and long-term investment potential. Whether you're expanding an established portfolio or considering your next multifamily acquisition, this property deserves a closer look! Conveniently located in San Bernardino with access to shopping, local amenities, and transportation corridors. Buyer to independently verify all financial information, rental income, expenses, permits, square footage, and property condition.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1952
- Lot Size
- 300 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 2,438 | 1,871.438 |
| Lot Size | 300 | 7,757.938 |
| Price | $599.0K | $669.3K |
| Price per sq ft | $246 | $318 |
| Built year | 1952 | 1948 |
| HOA | $0 | $0 |
| Days on market | 74 | 63 |
Pricing History
Listed for Sale
Oct 8, 2026
$599,000
$639,000
-6% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$639,000
Initial Listing
Sold
Nov 14, 2003
$190,000
Public Record
Sold
Jul 18, 2000
$89,000
Public Record