1737 N Waterman, San Bernardino, California 92404, San Bernardino, 92404 - 3 bed, 2 bath
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San Bernardino, California 92404
This Versatile Commercial-Zoned Asset presents a High-Potential Investment Opportunity with a List Price of $395,000—positioned below the $402,188 Fair Market Value by 2%. This valuation gap offers $7,188 in Instant Equity for buyers. While the property maintains a Condition Rating of 4 and requires modernization, its CO (Commercial Office) Zoning and 7,500 Sq. Ft. Flat Lot provide exceptional utility for live/work setups. Featuring a newer detached garage and mountain views, this is a strategic acquisition for Small Business Owners or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1737 N Waterman Subject | $375,000* List Price | 3 | 2 | 982 | $399 | - |
A 549 E Evans Street Sold | $405,000 | 2 | 1 | 975 | $415 | 0.3 mi |
B 1455 Belle Street Sold | $460,000 | 3 | 2 | 996 | $462 | 0.3 mi |
C 202 E 18th Sold | $300,000 | 3 | 1 | 890 | $337 | 0.2 mi |
D 1333 Windsor Drive Sold | $430,000 | 3 | 1 | 1,014 | $424 | 0.7 mi |
E 741 Niles Street Sold | $435,000 | 3 | 2 | 1,288 | $338 | 0.4 mi |
F 1451 Crestview Avenue Sold | $420,000 | 3 | 1 | 1,136 | $370 | 0.4 mi |
G 1737 N Lugo Avenue Pending | $460,000 List Price | 3 | 2 | 1,286 | $358 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this property is well-maintained but shows clear signs of age and outdated features. While it has some updates like laminate flooring and a newer detached garage, the bathrooms feature older tile work and basic fixtures. The reliance on window AC units indicates a lack of modern central HVAC, and the exterior siding and popcorn ceilings reflect a home that has had occasional updates rather than a full modern renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 982.
Zoned CO (Commercial Office), this property offers unique flexibility for live/work setups, small businesses, or professional offices, significantly broadening its investment potential.
The 7,500 sq. ft. flat lot provides ample space for vehicle parking, storage, or future expansion, which is a significant asset for both residential and commercial users.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
At just under 1,000 sq. ft., the interior living area is relatively small for a three-bedroom configuration, which may feel restrictive for larger families.
Originally built in 1939, the home may require ongoing maintenance or modernization of older systems to meet current building standards and efficiency.
Opportunity knocks with this versatile property in the heart of San Bernardino! This single-story home features 3 bedrooms, 2 bathrooms, and nearly 1,000 sq. ft. of comfortable living space, all situated on a spacious and flat 7,500 sq. ft. lot. Recently enhanced with a newer detached one-car garage built just a few years ago, this property offers added functionality and value. The expansive lot provides ample parking, storage, or future expansion potential. Zoned for commercial use (CO - Commercial Office), this property presents a unique opportunity for a variety of uses—ideal for a small business, live/work setup, or as an income-producing investment. Whether you're looking to operate a business, expand your portfolio, or enjoy a conveniently located home with upside potential, this property delivers flexibility and long-term value. Conveniently located near major streets, shopping, and amenities, this is a rare chance to own a property with both residential comfort and commercial possibilities. Don’t miss out on this exceptional opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 982 | 1,335 | 16% |
| Lot Size | 7,500 | 8,250 | 35% |
| Price | $375.0K | $515.0K | 5% |
| Price per sq ft | $382 | $378 | 52% |
| Built year | 1939 | 1954 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 191 | 1% |
Apr 15, 2026
$375,000
$395,000
-5% Price Drop
Initial Listing
Mar 18, 2026
$395,000
Initial Listing
Jul 17, 2003
$105,000
Public Record
Aug 31, 1998
$75,000
Public Record
Jan 17, 1996
$65,000
Public Record
Sep 21, 1995
$29,500
Public Record