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 $445,000—positioned well below the $417,187 Fair Market Value by -6%. While the property requires a full rehab given its Fair Condition Rating, the expansive 10,370 sq. ft. lot provides significant upside for ADU development or structural expansion. This asset is a blank canvas for those capable of executing a value-add strategy. It is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with substantial development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1894 Wallace Court Subject | $445,000* List Price | 2 | 1 | 825 | $506 | - |
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 (71 years old) with no mention of recent renovations. The listing describes the home as a 'blank canvas' and advises buyers to 'bring your toolbelt,' signaling a need for a full rehab. The exterior shows dated systems like a swamp cooler and significant deferred maintenance on the lot and driveway.
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 property boasts a massive 10,370 sq. ft. flat lot, offering significant potential for home expansion, large-scale landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Featuring a detached 2-car garage and a large footprint, this 'blank canvas' is ideal for investors or developers looking to add value through conversion or a complete custom remodel.
With only 825 sq. ft. of living area and a 2-bedroom, 1-bathroom layout, the home's interior is quite small and may not accommodate larger families without a significant addition.
The property is marketed as needing a 'toolbelt' and imagination, indicating that substantial immediate capital investment is required to make the home modern and move-in ready.
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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 825 | 1,228 |
| Lot Size | 10,370 | 7,500 |
| Price | $445.0K | $518.9K |
| Price per sq ft | $539 | $376 |
| Built year | 1953 | 1953 |
| HOA | $0 | $121 |
| Days on market | 58 | 63 |
Jun 17, 2026
$445,000
$430,000
+3% Price Increase
Initial Listing
Jun 12, 2026
$430,000
$450,000
-4% Price Drop
Initial Listing
May 25, 2026
$450,000
Initial Listing
May 30, 2018
$168,000
Public Record