1366 Walnut Street, San Bernardino, California 92410, San Bernardino, 92410 - bed, bath
ACTIVE$475,000
1366 Walnut Street, San Bernardino, California 92410
0Bed
0Bath
1,108Sqft
7,500Lot
Price Vs. Estimate
The estimated value ($372,634.515) is $102,365.485 (21%) lower than the list price ($475,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Potential: The property is currently subdivided into a 2-bedroom, 1-bathroom unit and a separate 1-bedroom, 1-bathroom unit, offering immediate rental income opportunities or a flexible owner-occupied with income setup.
Top Cons:
Age of Property: Built in 1952, the home is over 70 years old, suggesting potential for outdated systems (plumbing, electrical), deferred maintenance, and the need for significant capital expenditures for renovations or upgrades to meet modern standards.
Compared to the nearby listings
Price:$475.0K vs avg $452.5K (+$22,500)55%
Size:1,108 sqft vs avg 1,227 sqft41%
Price/sqft:$429 vs avg $36668%
More Insights
Built in 1952 (73 years old).
Condition: The property was built in 1952, making it 72 years old. The single exterior image reveals significant wear and tear, including weathered paint on the brick, a visibly worn roof edge, cracked concrete, and neglected landscaping. There are security bars on windows and gates, which can detract from curb appeal. Without any interior images or details regarding the kitchen, bathrooms, appliances, flooring, or HVAC systems, it's highly probable that these critical areas are outdated and require substantial repairs or full renovations to meet current standards. The description as an 'investment opportunity' for a subdivided property of this age further suggests it needs significant rehabilitation rather than minor updates.
Year Built
1952
Close
-
List price
$475K
Original List price
$450K
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
CV24205923
Home ConditionPoor
Features
View-
About this home
Huge investment opportunity for those looking for a profitable property! This property consists of a single family residence made up of 1,108 sq ft of living space that could be rented or owner occupied as well. The home is currently subdivided as a 2 bed 1 bath alongside a single bedroom with its bathroom. This gem is zoned Suburban Residential and possibly room for an adding on! The most unique feature that this property has to offer is that it sits to the left of a warehouse made up of a 3,872 sq ft. The warehouse has its own parcel and can be purchased together at a negotiable cost but the listing price does not include the warehouse. Don’t let this opportunity pass you by, schedule your appointment today!
Condition Rating
Poor
The property was built in 1952, making it 72 years old. The single exterior image reveals significant wear and tear, including weathered paint on the brick, a visibly worn roof edge, cracked concrete, and neglected landscaping. There are security bars on windows and gates, which can detract from curb appeal. Without any interior images or details regarding the kitchen, bathrooms, appliances, flooring, or HVAC systems, it's highly probable that these critical areas are outdated and require substantial repairs or full renovations to meet current standards. The description as an 'investment opportunity' for a subdivided property of this age further suggests it needs significant rehabilitation rather than minor updates.
Pros & Cons
Pros
Income-Generating Potential: The property is currently subdivided into a 2-bedroom, 1-bathroom unit and a separate 1-bedroom, 1-bathroom unit, offering immediate rental income opportunities or a flexible owner-occupied with income setup.
Adjacent Commercial Opportunity: A unique feature is the option to purchase an adjacent 3,872 sq ft warehouse on its own parcel, presenting significant potential for business expansion, additional income streams, or future mixed-use development.
Expansion & Development Potential: With a generous 7,500 sq ft lot and explicit mention of 'room for adding on,' there is clear potential to expand the existing residence, add an Accessory Dwelling Unit (ADU), or further develop the property, increasing its long-term value.
Strong Investment Focus: The listing explicitly markets the property as a 'Huge investment opportunity,' aligning with its multi-unit setup and commercial potential, making it highly attractive to investors.
Large Lot Size: The substantial 7,500 sq ft lot provides ample space for potential expansion, outdoor amenities, or future development, which is a valuable asset in an urban setting.
Cons
Age of Property: Built in 1952, the home is over 70 years old, suggesting potential for outdated systems (plumbing, electrical), deferred maintenance, and the need for significant capital expenditures for renovations or upgrades to meet modern standards.
Small Living Space: The 1,108 sq ft of living space for the single-family residence is relatively modest, which may limit its appeal to buyers seeking more spacious homes or larger families.
Price Volatility & Recent Increase: The listing history shows significant price fluctuations, including a recent increase from $400,000 to $475,000 after an initial listing of $450,000. This volatility and the current higher price point could indicate an aggressive valuation or market uncertainty, potentially impacting buyer interest or perceived value.