
San Bernardino, California 92407
This property presents a High-Potential Investment Opportunity with a List Price of $560,000—positioned well above the $496,059 Fair Market Value by -12%. Featuring a Fair Condition Rating and sold strictly as-is, this asset requires significant capital expenditure to unlock its full potential. Located near California State University, the property offers strong rental demand and scenic Mountain Views. This is a complex, court-approved acquisition ideal for Buy-and-Hold Investors or Contractors capable of managing a full-scale renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1588 Tumbleweed Subject | $560,000* List Price | 3 | 2 | 1,319 | $376 | - |
A 1507 Indian Sold | $530,000 | 3 | 2 | 1,176 | $451 | 0.3 mi |
B 5205 N Mammoth Sold | $560,000 | 3 | 2 | 1,455 | $385 | 0.4 mi |
C 1425 W Keystone Sold | $568,000 | 3 | 2 | 1,455 | $390 | 0.5 mi |
D 5048 Alta Sold | $415,000 | 2 | 2 | 907 | $458 | 0.4 mi |
E 1548 Ranch Active Under Contract | $495,000 List Price | 3 | 2 | 1,099 | $450 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45+ years old) with no mention of renovations. The listing's 'as-is' status, 'investment opportunity' label, and 'cautionary disclosures' indicate significant deferred maintenance and likely safety or structural defects requiring a full rehab.
Situated in a prime North San Bernardino neighborhood near California State University, San Bernardino, the property offers high rental demand and excellent accessibility for students and faculty.
The property features desirable mountain views, providing an aesthetic value add that enhances the living experience and marketability of the home.
With a functional 3-bedroom, 2-bathroom layout and a generous 6,344 sqft lot, this property serves as a strong candidate for a value-add renovation or a long-term hold.
The requirement for final court approval of the estate can lead to a prolonged and unpredictable closing timeline, which may deter buyers seeking a quick transaction.
Sold strictly as-is with cautionary disclosures, the property likely requires significant capital expenditure for repairs, potentially limiting financing options to cash or hard money loans.
Investment opportunity in a prime North San Bernardino location, just minutes from California State University, San Bernardino, north of the 15 freeway. This property offers excellent potential for the right buyer and is being sold strictly as-is. Sale is subject to final court approval of the estate. Please review private remarks for important cautionary disclosures.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,319 | 1,228 |
| Lot Size | 6,344 | 7,500 |
| Price | $560.0K | $518.9K |
| Price per sq ft | $425 | $376 |
| Built year | 1979 | 1953 |
| HOA | $0 | $121 |
| Days on market | 2 | 63 |
Jul 20, 2026
$560,000
Initial Listing
Aug 6, 1996
$85,000
Public Record