183 E Ralston Avenue, San Bernardino, California 92404, San Bernardino, 92404 - 6 bed, 3 bath
ACTIVE$800,000
183 E Ralston Avenue, San Bernardino, California 92404
6Beds
3Baths
2,845Sqft
9,600Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Steady Rental Income Potential: As a triplex, the property offers a unique opportunity for consistent and diversified rental income from three separate units, ideal for investors.
Top Cons:
Age of Property & Potential System Obsolescence: Built in 1962, the property's age suggests potential for aging major systems (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the near future, despite cosmetic updates.
Compared to the nearby listings
Price:$800.0K vs avg $620.0K (+$180,000)86%
Size:2,845 sqft vs avg 1,929 sqft86%
Price/sqft:$281 vs avg $29743%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this triplex appears well-maintained but is significantly outdated in terms of style and finishes. The kitchen features dated painted cabinets, older countertops, basic white appliances, and linoleum/vinyl flooring. The bathrooms also show dated vanities, light fixtures, and basic tub/shower inserts. While the description mentions 'updated kitchen appliances' and 'hardwood floors,' the images contradict the flooring claim (showing carpet and linoleum/vinyl) and the appliances, while functional, are not modern in style. The property is functional and appears to have received regular upkeep, but requires substantial cosmetic updates throughout to meet current aesthetic standards. It does not exhibit major structural or safety defects that would classify it as 'poor'.
Year Built
1962
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$281
HOA
-
Days on market
-
Sold On
-
MLS number
CV24255509
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Nestled in the heart of San Bernardino, this charming triplex offers a unique opportunity with the potential for steady rental income. The property features three well-maintained units, each with two bedrooms and one bathroom, ideal for both families and individuals seeking comfort and convenience. The exterior showcases a neat, low-maintenance design with a combination of stucco and brick, accented by a freshly landscaped yard and ample off-street parking. Inside, each unit boasts spacious living areas, hardwood floors, and updated kitchen appliances, providing a welcoming atmosphere for tenants. The fenced backyard offers a private space for outdoor enjoyment, while the proximity to major highways, local schools, and shopping centers ensures easy access to all of San Bernardino's amenities.
Condition Rating
Fair
Built in 1962, this triplex appears well-maintained but is significantly outdated in terms of style and finishes. The kitchen features dated painted cabinets, older countertops, basic white appliances, and linoleum/vinyl flooring. The bathrooms also show dated vanities, light fixtures, and basic tub/shower inserts. While the description mentions 'updated kitchen appliances' and 'hardwood floors,' the images contradict the flooring claim (showing carpet and linoleum/vinyl) and the appliances, while functional, are not modern in style. The property is functional and appears to have received regular upkeep, but requires substantial cosmetic updates throughout to meet current aesthetic standards. It does not exhibit major structural or safety defects that would classify it as 'poor'.
Pros & Cons
Pros
Steady Rental Income Potential: As a triplex, the property offers a unique opportunity for consistent and diversified rental income from three separate units, ideal for investors.
Well-Maintained Units & Configuration: The property features three well-maintained units, each with a desirable 2-bedroom, 1-bathroom layout, appealing to both families and individuals.
Updated Interior Features: Each unit boasts spacious living areas, hardwood floors, and updated kitchen appliances, enhancing tenant appeal and reducing immediate renovation needs.
Low-Maintenance Exterior & Ample Parking: The exterior features a neat, low-maintenance design with stucco and brick, a freshly landscaped yard, and ample off-street parking, benefiting both tenants and owner.
Strategic Location & Accessibility: Its proximity to major highways, local schools, and shopping centers ensures easy access to amenities, contributing to high tenant demand and convenience.
Cons
Age of Property & Potential System Obsolescence: Built in 1962, the property's age suggests potential for aging major systems (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the near future, despite cosmetic updates.
Absence of Central Air Conditioning: The description does not mention a cooling system, which is a significant amenity often expected in Southern California and could impact tenant comfort, rental rates, and marketability, especially during warmer months.
Identical Unit Layouts: All three units share the same 2-bedroom, 1-bathroom configuration, which, while functional, limits the diversity of potential tenants compared to properties offering a mix of unit sizes (e.g., 1-bedroom or larger units).