1894 Wallace Court, San Bernardino, California 92408, San Bernardino, 92408 - 2 bed, 1 bath
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San Bernardino, California 92408
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $399,000 Fair Market Value by -12%. While the home carries a Condition Rating of 5, the expansive 10,370 sq. ft. lot and detached garage provide significant value-add potential through ADU development or structural expansion. This asset requires a comprehensive renovation to modernize the 1953-era footprint. It is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on the massive lot utility and development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1894 Wallace Court Subject | $450,000* List Price | 2 | 1 | 825 | $484 | - |
A 1275 Hardt Active | $470,000 List Price | 3 | 1 | 1,118 | $420 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 (>70 years old) with no evidence of recent renovations. The listing describes the property as a 'blank canvas' requiring a 'toolbelt,' indicating a need for a full rehab. Exterior shows dated systems including an evaporative cooler and cracked hardscaping, consistent with a property needing significant structural or cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10370, living area = 825.
The massive 10,370 sq. ft. flat lot offers significant opportunities for expansion, outdoor living, or the addition of an Accessory Dwelling Unit (ADU) to maximize value.
Tucked away on a quiet court, the property provides a peaceful and private setting with minimal through-traffic, ideal for families or long-term tenants.
Marketed as a 'blank canvas' requiring a 'toolbelt,' the home likely needs substantial capital investment to address its 1953-era condition and modernize the space.
At only 825 sq. ft. with a 2-bedroom, 1-bathroom configuration, the existing structure is quite small and may feel restrictive for modern buyer expectations.
Outstanding investment opportunity in San Bernardino! This 2-bedroom, 1-bathroom single-family residence offers a cozy 825 sq. ft. layout positioned on an expansive, premium lot of over 10,300 sq. ft. Tucked away on a quiet court, this property is a true blank canvas with incredible potential for investors, developers, or a buyer looking to customize their dream home.The massive flat lot provides endless possibilities, whether you are looking to expand the existing structure, create a magnificent outdoor living space, or explore potential ADU (Accessory Dwelling Unit) additions. The property also features a detached 2-car garage, offering excellent storage, a potential workshop space, or further conversion options. Bring your imagination and toolbelt to unlock the true value of this unique footprint and massive lot
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 1.0 | 2.0 | 44% |
| Square foot | 825 | 1,340 | 22% |
| Lot Size | 10,370 | 6,750 | 78% |
| Price | $450.0K | $510.0K | 37% |
| Price per sq ft | $545 | $380 | 85% |
| Built year | 1953 | 1989 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 144 | 4% |
May 25, 2026
$450,000
Initial Listing
May 30, 2018
$168,000
Public Record