1441 N Lugo, San Bernardino, California 92404, San Bernardino, 92404 - 2 bed, 1 bath
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San Bernardino, California 92404
This property presents a High-Potential Investment Opportunity with a List Price of $399,900—positioned well below the $354,907 Fair Market Value (Note: Market data indicates a premium list price relative to current valuation). While the home carries a Fair Condition Rating due to its 1928 vintage, the 6,200 sqft lot provides significant upside for expansion or ADU development. This asset requires a comprehensive renovation of core systems to reach its full potential. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers capable of managing a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1441 N Lugo Subject | $399,900* List Price | 2 | 1 | 864 | $411 | - |
A 1455 Belle Street Sold | $460,000 | 3 | 2 | 996 | $462 | 0.2 mi |
B 549 E Evans Street Sold | $405,000 | 2 | 1 | 975 | $415 | 0.5 mi |
C 202 E 18th Sold | $300,000 | 3 | 1 | 890 | $337 | 0.4 mi |
D 648 E 20th Sold | $440,000 | 2 | 1 | 1,116 | $394 | 0.8 mi |
E 183 E 19th Sold | $410,000 | 3 | 1 | 976 | $420 | 0.4 mi |
F 488 E Gilbert Active | $350,000 List Price | 2 | 1 | 842 | $416 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928 (96 years old) with no mention of recent renovations. The exterior shows significant wear, peeling paint, and aged siding. The description targeting 'investors' and the property's age suggest that the kitchen, bathroom, and core systems (HVAC/Electric) likely require a full rehab to address deferred maintenance and safety standards.
Priced under $400,000, this property serves as an accessible entry point for first-time buyers or investors looking to enter the Southern California market.
The 6,200 square foot lot offers significant outdoor space and provides ample room for potential expansion or the addition of an Accessory Dwelling Unit (ADU).
The property has a strong sales history, showing consistent value growth from $170,000 in 2018 to its current list price, indicating a solid upward trend in the local area.
Built in 1928, the home is nearly a century old and may require significant updates to electrical, plumbing, and structural systems to meet modern standards.
With only 864 square feet of living area and a single bathroom, the compact layout may limit appeal for growing families or those requiring a home office.
Excellent opportunity for investors or first-time buyers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 864 | 1,228 |
| Lot Size | 6,200 | 7,500 |
| Price | $399.9K | $518.9K |
| Price per sq ft | $463 | $376 |
| Built year | 1928 | 1953 |
| HOA | $0 | $121 |
| Days on market | 22 | 63 |
Jul 21, 2026
$399,900
$409,000
-2% Price Drop
Initial Listing
Jul 7, 2026
$409,000
$399,900
+2% Price Increase
Initial Listing
Jun 30, 2026
$399,900
Initial Listing
Apr 12, 2023
$367,000
Public Record
Jul 5, 2018
$170,000
Public Record