1708 N Pico, San Bernardino, California 92411, San Bernardino, 92411 - 3 bed, 2 bath
1708 N Pico
San Bernardino, California 92411
Property Price
SUMMARY
Analysis of 1708 N Pico, San Bernardino, California 92411 reveals a Prime Investment Opportunity with a current list price of $470,000—significantly undercutting the $489,589 Fair Market Value by 4%. This valuation gap indicates a +$19,589 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Bernardino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1708 N Pico Subject | $470,000* List Price | 3 | 2 | 1,120 | $437 | - |
A 1628 W 23rd Street Sold | $520,000 | 3 | 2 | 1,320 | $394 | 0.6 mi |
B 1605 W 23rd Street Sold | $495,000 | 3 | 1 | 1,115 | $444 | 0.5 mi |
C 1963 Turrill Avenue Sold | $505,000 | 4 | 2 | 1,402 | $360 | 0.3 mi |
D 1455 N J Sold | $469,000 | 3 | 1 | 1,164 | $403 | 0.8 mi |
E 1444 Madison Street Sold | $420,000 | 3 | 2 | 1,220 | $344 | 0.6 mi |
F 2113 Herrington Ave Active | $555,000 List Price | 3 | 1 | 1,166 | $476 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1949, the property has undergone significant recent updates, including a redone roof, new solar panels, new windows, a remodeled main bathroom, and a 'completely reimagined' kitchen. The images confirm modern finishes in the kitchen (grey cabinets, stone-look counters, recessed lighting, new range/hood) and main bathroom (modern vanity, glass shower, new tile). While some cosmetic updates like paint and flooring are noted as remaining for the buyer, and the garage conversion may be unpermitted, the major systems and key interior spaces are in good, move-in ready condition, aligning with the 'Good' criteria for extensive renovations within 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 8150, living area = 1120.
- Significant Investment & ADU Potential
The property offers strong investment potential with a garage converted into an additional bedroom for rental income and a large, unfinished backyard suitable for an Accessory Dwelling Unit (ADU) or even a lot split, subject to city approval.
- Major System Upgrades Completed
Recent and costly upgrades including a redone roof, newly installed solar panels, and new windows significantly reduce immediate capital expenditures and enhance energy efficiency for the new owner.
CONSRISKS & DEFICIENCIES
- Potential Unpermitted Garage Conversion
The garage has been 'retrofitted as an additional bedroom for the perfect rental,' which may imply it lacks proper permits or compliance, potentially leading to legal issues or future costs for the buyer.
- Older Home Infrastructure
Despite recent updates, the 1949 build year suggests the possibility of underlying older infrastructure (e.g., plumbing, electrical, foundation) that may not have been addressed and could require future maintenance or upgrades.
- Required Cosmetic Updates
The description notes that 'Paint, floors and other decorative items' are left for the buyer, indicating additional immediate investment and effort will be needed for aesthetic improvements to personalize the home.
About 1708 N Pico
The home you've been waiting for is here. This 3 bedroom 2 bath home has all you need. The home sits at just over 1,120 sqft. All the bedrooms are spacious, the main bath has been remodeled and the kitchen has been completely reimagined. The Fireplace is the center focal point of the home and is perfect for the winter months to enjoy a night with hot cocoa and a fire. The backyard is an investors dream. With covered patio for plenty of parking. The garage has been converted to not only allow for storage but has been retrofitted as an additional bedroom for the perfect rental. There's a huge un finished back yard perfect for an ADU or possibly lending itself to split the lot completely and sold separately is the city allows. Either way a savvy buyer should consider all options. The home is a corner lot with a massive front and back yard, next to major freeways for easy access to the surrounding cities. The roof was recently redone, solar added to the home and new windows. The boring stuff most homes need to continue to thrive has been taken care of. Which means new buyers will be able to spend their money on the fun stuff. Paint, floors and other decorative items. Come look now and move in before the holidays.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 8,150 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Bernardino Unified Schools
Roosevelt Elementary School
Grades K-3 • 0.4 mi
Graciano Gomez Elementary
Grades K-6 • 0.8 mi
Martin Luther King Jr. Middle School
Grades 7-8 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.0 | 56% |
| Square foot | 1,120 | 1,050 | 54% |
| Lot Size | 8,150 | 7,000 | 85% |
| Price | $470.0K | $420.0K | 75% |
| Price per sq ft | $420 | $397 | 62% |
| Built year | 1949 | 1950 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 109 | 157 | 25% |
Pricing History
Listed for Sale
Nov 18, 2025
$470,000
Initial Listing
Sold
Oct 8, 2010
$114,000
Public Record
Sold
Apr 17, 2009
$53,000
Public Record
Sold
Sep 29, 2006
$305,000
Public Record
Sold
Jan 4, 2005
$222,500
Public Record