1494 S Mountain View, San Bernardino, California 92408, San Bernardino, 92408 - bed, bath
ACTIVE$1,030,000$3,029/sqft
1494 S Mountain View, San Bernardino, California 92408
0Bed
0Bath
3,029Sqft
30,163Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Stream: The property comprises five distinct units (one 3-bedroom house, four 1-bedroom units), offering diversified rental income potential and a robust investment profile.
Top Cons:
As-Is Sale Condition: The property is being sold 'as-is,' indicating that the buyer will be responsible for all necessary repairs, renovations, and upgrades, which could entail significant unforeseen costs.
Compared to the nearby listings
Price:$1.03M vs avg $940.0K (+$90,000)50%
Size:3,029 sqft vs avg 2,335 sqft50%
Price/sqft:$340 vs avg $42950%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948 and sold 'as-is,' this multi-unit property is in very poor condition. The interior images reveal severely worn and peeling flooring, extremely basic and dated kitchens that appear to lack appliances, and bathrooms with outdated fixtures and tile work (likely 30+ years old). Exterior elements like roofs and paving show significant age and wear, and the presence of window AC units indicates an outdated cooling system. Substantial repairs and rehabilitation are required throughout all units to bring them to a habitable and marketable standard.
Year Built
1948
Close
-
List price
$1.03M
Original List price
$1.03M
Price/Sqft
$340
HOA
-
Days on market
-
Sold On
-
MLS number
AR26010544
Home ConditionPoor
Features
View-
About this home
Great opportunity.5 units in the area of San Bernardino located near warehouses, half of mile of shopping center, 10 FWY, border of Loma Linda and Redlands, one house in the back 3 bedrooms and 1 baths , and 4 units 1 bedroom each large lot approx 30,163 more than half acre. Property sold as-is.
J
Jonathan Yu Hwang
Listing Agent
Price History
Date
Event
Price
04/27/01
Sold
$170,000
05/08/18
Sold
$659,000
09/18/03
Sold
$269,000
Condition Rating
Poor
Built in 1948 and sold 'as-is,' this multi-unit property is in very poor condition. The interior images reveal severely worn and peeling flooring, extremely basic and dated kitchens that appear to lack appliances, and bathrooms with outdated fixtures and tile work (likely 30+ years old). Exterior elements like roofs and paving show significant age and wear, and the presence of window AC units indicates an outdated cooling system. Substantial repairs and rehabilitation are required throughout all units to bring them to a habitable and marketable standard.
Pros & Cons
Pros
Multi-Unit Income Stream: The property comprises five distinct units (one 3-bedroom house, four 1-bedroom units), offering diversified rental income potential and a robust investment profile.
Expansive Lot Size: With over half an acre (approximately 30,163 sqft), the property boasts a substantial lot, providing potential for future expansion, additional amenities, or enhanced outdoor living spaces.
Strategic Geographic Location: Situated near major transportation arteries (10 FWY), commercial hubs (warehouses, shopping center), and adjacent to desirable areas like Loma Linda and Redlands, enhancing tenant demand and property accessibility.
Value-Add Investment Opportunity: Explicitly marketed as a 'Great opportunity,' this property is ideal for investors looking to acquire a multi-unit asset with significant potential for renovation, rent optimization, and long-term appreciation.
Potential for Flexible Use (Mixed-Use Sub-Type): The 'Mixed Use' sub-type designation, while currently residential, may offer future flexibility in property use or development, potentially unlocking additional value beyond its current configuration.
Cons
As-Is Sale Condition: The property is being sold 'as-is,' indicating that the buyer will be responsible for all necessary repairs, renovations, and upgrades, which could entail significant unforeseen costs.
Advanced Property Age: Built in 1948, the property is over 75 years old, suggesting that major systems (e.g., plumbing, electrical, roofing) may be original or outdated, requiring substantial capital expenditure for modernization or replacement.
Potential for High Capital Expenditure: Given its age and 'as-is' status, a new owner should anticipate considerable upfront and ongoing investment for deferred maintenance, system upgrades, and cosmetic renovations to maximize its income potential and market value.