1532 N Waterman, San Bernardino, California 92404, San Bernardino, 92404 - 2 bed, 2 bath
ACTIVE$430,000
1532 N Waterman, San Bernardino, California 92404
2Beds
2Baths
1,282Sqft
8,000Lot
Price Vs. Estimate
The estimated value ($362,191.665) is $67,808.335 (15%) lower than the list price ($430,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1282.
Top Cons:
Fixer-Upper / As-Is Condition: The property is a 'fixer-upper' and sold 'as-is,' indicating significant immediate capital expenditure and renovation work will be required.
Compared to the nearby listings
Price:$430.0K vs avg $505.0K ($-75,000)19%
Size:1,282 sqft vs avg 1,370 sqft42%
Price/sqft:$335 vs avg $36134%
More Insights
Built in 1939 (86 years old).
Condition: Built in 1939 and explicitly described as a 'fixer upper' sold 'AS IS,' this property requires substantial rehabilitation. The images confirm significant deferred maintenance and outdated features throughout. The bathroom is severely dated with old fixtures, worn tiles, and an unappealing aesthetic. The living room shows worn hardwood floors and an old fireplace, with a window AC unit suggesting no central cooling. Major systems (electrical, plumbing, HVAC) are likely original or very old, requiring extensive updates to meet modern standards and safety codes. The overall condition indicates a property that is uncomfortable and potentially unsafe to live in without significant investment.
Year Built
1939
Close
-
List price
$430K
Original List price
$430K
Price/Sqft
$335
HOA
-
Days on market
-
Sold On
-
MLS number
RS25234906
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
Excellent investment opportunity located in a commercial/residential zone in the heart of city of San Bernadino. The house is currently used as a single family on a commercial lot. It can easily make into a business office/retail unit or as a duplex with a large 8,000 sq ft lot for future expasion. A two car garage detatched. This is a fixer upper property and will sell AS IS.
Condition Rating
Poor
Built in 1939 and explicitly described as a 'fixer upper' sold 'AS IS,' this property requires substantial rehabilitation. The images confirm significant deferred maintenance and outdated features throughout. The bathroom is severely dated with old fixtures, worn tiles, and an unappealing aesthetic. The living room shows worn hardwood floors and an old fireplace, with a window AC unit suggesting no central cooling. Major systems (electrical, plumbing, HVAC) are likely original or very old, requiring extensive updates to meet modern standards and safety codes. The overall condition indicates a property that is uncomfortable and potentially unsafe to live in without significant investment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1282.
Flexible Zoning: The commercial/residential zoning offers diverse usage options, including single-family, business office/retail, or duplex conversion, maximizing its potential.
High Investment Potential: Explicitly marketed as an excellent investment opportunity due to its versatile zoning and potential for future expansion or conversion.
Generous Lot Size: An 8,000 sq ft lot provides ample space for future expansion, additional development, or landscaping.
Prime Urban Location: Situated in the heart of San Bernardino, offering excellent accessibility and visibility for various residential or commercial uses.
Detached Two-Car Garage: A separate two-car garage adds practical value for parking, storage, or potential for future conversion.
Cons
Fixer-Upper / As-Is Condition: The property is a 'fixer-upper' and sold 'as-is,' indicating significant immediate capital expenditure and renovation work will be required.
Advanced Age: Built in 1939, the property likely requires extensive updates to systems, infrastructure, and aesthetics to meet modern standards and codes.
Overpriced Relative to Market Value: The current listing price is approximately 14% above the estimated property value, which may deter potential buyers or require a price adjustment.