
San Bernardino, California 92411
This property presents a High-Potential Investment Opportunity with a List Price of $542,999—positioned above the $504,040 Fair Market Value. While the property requires careful due diligence regarding the garage conversion's legal status, it offers Three Separate Living Spaces and Ample On-Site Parking for five vehicles. With a Condition Rating of 4, the asset features recent cosmetic updates but requires modernization of aging infrastructure. This is a strategic acquisition for Buy-and-Hold Investors or House Hackers seeking to maximize rental yield in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1264 Massachusetts Subject 0 bd · 0 ba · 1,300 sqft · $388 | $542,999* List Price | 0 | 0 | 1,300 | $388 | - |
A 1147 Spruce Pending 4 bd · 2 ba · 1,416 sqft · $318 · 1.0 mi | $450,000 List Price | 4 | 2 | 1,416 | $318 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features recent cosmetic updates like fresh paint and new laminate flooring, the structure dates back to 1926. The use of window AC units instead of central HVAC, visible heavy cracking in the exterior concrete, and the 'sold in present condition' status suggest that while functional, the primary systems and exterior are dated and require further modernization.
The property offers three distinct living units, including a main house, a studio, and a converted garage, providing high rental yield potential and versatility for investors.
With space for approximately five vehicles, the property accommodates the needs of multiple tenants, a rare and valuable feature for multi-unit residential income properties.
All three living spaces have been freshly painted and feature individual full bathrooms, allowing for immediate occupancy or rental without the need for initial cosmetic repairs.
The property is registered as a duplex but utilized as three units; the garage conversion may pose challenges regarding legal occupancy permits and local zoning regulations.
Built in 1926 and sold in its present condition, the property likely requires significant capital expenditure for aging infrastructure, such as plumbing, electrical, or roofing systems.
Great Investment Opportunity with Three Separate Living Spaces! Discover the potential of this versatile property, currently registered as a duplex and featuring three separate living spaces, including a garage conversion. Whether you’re an investor looking to expand your rental portfolio or a buyer seeking a flexible living arrangement, this property offers plenty of possibilities! All three living spaces have been freshly painted and feature their own full bathrooms. The main unit offers one bedroom, one full bathroom, a comfortable living area, and a kitchen space. The studio-style unit includes a full bathroom and equipped with a sink, refrigerator, and microwave. The converted garage provides an additional one-bedroom living space with a full bathroom, living area, and kitchen space. The property also offers parking for approximately five vehicles, a valuable feature for a multi-unit property. Conveniently located near shopping centers, dining, major freeways, and everyday amenities, making commuting and daily errands a breeze. An excellent opportunity for investors or buyers looking for a property with multiple living spaces. Property is being sold in its present condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 1,300 | 1,871.438 |
| Lot Size | 7,425 | 7,757.938 |
| Price | $543.0K | $669.3K |
| Price per sq ft | $418 | $318 |
| Built year | 1926 | 1948 |
| HOA | $0 | $0 |
| Days on market | 16 | 63 |
Oct 8, 2026
$542,999
Initial Listing
May 21, 2024
$465,000
Public Record
Nov 8, 2022
$335,000
Public Record
Nov 18, 2009
$40,000
Public Record