1948 N Pershing, San Bernardino, California 92405, San Bernardino, 92405 - 0 bed, 0 bath
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San Bernardino, California 92405
This triplex presents a High-Potential Investment Opportunity with a List Price of $650,000—positioned slightly above the $637,562 Fair Market Value. While the property requires significant capital improvements due to its Fair Condition Rating and century-old infrastructure, the Versatile Unit Configuration—featuring a 3-bedroom front unit and two 1-bedroom units—provides strong rental density. The inclusion of a 2-car garage adds critical value in this market. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers capable of executing a comprehensive renovation strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1948 N Pershing Subject | $650,000* List Price | 0 | 0 | 2,680 | $238 | - |
A 1415 N Sierra Sold | $648,000 | 0 | 0 | 2,496 | $260 | 0.5 mi |
B 1525 N Arrowhead Avenue Sold | $767,000 | 0 | 0 | 3,108 | $247 | 0.4 mi |
C 1314 N E Pending | $550,000 List Price | 0 | 0 | 2,252 | $244 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 (101 years old) with no documented renovations. The exterior shows significant deferred maintenance, including patched stucco and aged roofing. The presence of window AC units indicates a lack of modern central HVAC, and the overall age suggests that electrical and plumbing systems, as well as kitchens and baths, likely require a full rehab to meet modern standards.
The property features a desirable mix of a large 3-bedroom front unit and two 1-bedroom units, offering excellent flexibility for an owner-occupier to house-hack or for an investor to attract diverse tenant profiles.
As a triplex with 2,680 square feet of living space, this residential income property provides high rental density and the opportunity for multiple revenue streams in a high-demand rental market.
The inclusion of a 2-car garage is a significant value-add for a multi-family property, providing secure parking or additional storage options that enhance tenant retention and rental value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2680, other record living area = 1060.
Built in 1923, the property may require substantial ongoing maintenance and capital improvements to address aging infrastructure, such as electrical, plumbing, and foundation systems.
With three units situated on a 6,750 square foot lot, there is minimal private or communal outdoor space for tenants, which may limit the property's appeal to families or pet owners.
Tri-plex. Front Unit is 3 baedooms and 2 baths with a 2 car garage. Back units, one downstairs , one upstairs are each 1 bedroom and 1 bath.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,680 | 2,580 |
| Lot Size | 6,750 | 10,617 |
| Price | $650.0K | $618.7K |
| Price per sq ft | $243 | $295 |
| Built year | 1923 | 1955 |
| HOA | $0 | $0 |
| Days on market | 23 | 102 |
Jun 29, 2026
$650,000
Initial Listing
Mar 29, 2012
$125,000
Public Record
May 25, 2004
$265,000
Public Record
May 11, 1995
$80,000
Public Record