
San Bernardino, California 92404
This Multi-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at $580,000—positioned well below the $594,178 Fair Market Value by 2%. This valuation gap provides $14,178 in Instant Equity. Featuring a Condition Rating of 3, the property includes a permitted studio ADU and a converted garage unit, offering significant income potential. With a 10,800 sqft lot and scenic mountain views, this versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking supplemental rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 184 Palmyra Subject 3 bd · 3 ba · 2,061 sqft · $288 | $580,000* List Price | 3 | 3 | 2,061 | $288 | - |
A 3484 Broadmoor Sold 3 bd · 2 ba · 1,788 sqft · $288 · 0.6 mi | $515,000 | 3 | 2 | 1,788 | $288 | 0.6 mi |
B 579 E 40th Sold 3 bd · 2 ba · 1,813 sqft · $245 · 0.5 mi | $444,240 | 3 | 2 | 1,813 | $245 | 0.5 mi |
C 3294 Wall Avenue Sold 3 bd · 2 ba · 1,661 sqft · $334 · 0.7 mi | $555,000 | 3 | 2 | 1,661 | $334 | 0.7 mi |
D 698 E Ralston Sold 3 bd · 2 ba · 1,739 sqft · $319 · 0.5 mi | $555,000 | 3 | 2 | 1,739 | $319 | 0.5 mi |
E 544 E Ralston Avenue Sold 3 bd · 2 ba · 1,650 sqft · $344 · 0.4 mi | $568,000 | 3 | 2 | 1,650 | $344 | 0.4 mi |
F 3883 Valencia Avenue Active 3 bd · 2 ba · 1,764 sqft · $340 · 0.6 mi | $599,000 List Price | 3 | 2 | 1,764 | $340 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1959, it has undergone significant recent renovations including an updated kitchen with Shaker-style cabinetry and quartz countertops, new flooring, and fresh interior paint. The addition of central HVAC and a permitted ADU makes the home move-in ready and functional, though some dated elements like wood paneling and popcorn ceilings remain.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10800, living area = 2061.
The property offers exceptional versatility with a main residence, a permitted studio ADU, and an additional converted unit, making it ideal for rental income or extended family living.
The home features significant recent upgrades, including new flooring, fresh paint, and a fully remodeled kitchen with quartz countertops, Shaker cabinetry, and stainless steel appliances.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2061, other record living area = 1711.
The current multi-unit layout differs from the official title record of 3 bedrooms and 2 bathrooms, requiring buyers to perform extensive due diligence regarding the legality of all conversions.
The conversion of the garage into a living unit eliminates traditional covered parking and storage, which may be a drawback for buyers prioritizing vehicle protection.
Welcome to 184 Palmyra Drive in desirable North San Bernardino, situated on a spacious lot with exceptional potential. This versatile property offers multiple living spaces, ideal for extended family living or possible income opportunities. Title reflects 3 bedrooms and 2 bathrooms; the current layout includes a main residence along with additional living units. The main home features 2 bedrooms and 1 bathroom, along with a permitted studio ADU (converted from the primary suite), complete with its own kitchen and bathroom. A separate 1-bedroom, 1-bathroom unit converted from the garage offers additional flexibility. Interior highlights include new flooring and fresh interior paint throughout. The inviting living room features wood laminate flooring and a cozy stone fireplace. The updated kitchen offers Shaker-style cabinetry, quartz countertops, designer backsplash, and stainless steel appliances. A formal dining area with wood paneling and built-in storage adds both charm and functionality. Additional amenities include central HVAC, an extra-long driveway with ample parking, and a spacious backyard with a covered patio, perfect for entertaining or future customization such as a pool or garden. Enjoy scenic mountain views and mature fruit trees, including lemon, berry, and pomegranate. Conveniently located near shopping, hospitals, and recreational areas, this property offers a wonderful blend of comfort, versatility, and opportunity in an established neighborhood. Buyer to independently verify all information, including but not limited to square footage, permits, property use, and condition, to their satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,061 | 1,362.551 |
| Lot Size | 10,800 | 7,424.257 |
| Price | $580.0K | $520.9K |
| Price per sq ft | $281 | $374 |
| Built year | 1959 | 1956 |
| HOA | $0 | $121 |
| Days on market | 3 | 61 |
Oct 21, 2026
$580,000
Initial Listing
May 25, 2022
$500,000
Public Record
Oct 2, 2008
$245,000
Public Record