208 E Olive, San Bernardino, California 92410, San Bernardino, 92410 - 0 bed, 0 bath
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208 E Olive
San Bernardino, California 92410
ACTIVE UNDER CONTRACT
CONDITION: POOR
0Beds
0Baths
1,872Sq Ft
6,250Lot Size
Property Price
LIST PRICE$499,900
EST. MARKET VALUE
$511,687
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $499,900—positioned well below the $511,688 Fair Market Value by 2%. This valuation gap offers $11,788 in Instant Equity. Featuring a Condition Rating of 5, the property requires rehabilitation of aging electrical and HVAC systems, though recent roof and fence improvements provide a solid foundation. With individual indoor laundry and mountain views, this asset is ideal for Buy-and-Hold Investors or first-time buyers utilizing a house-hacking strategy.
Estimated Market Value
$511,687
Based on Realkey algorithm analyzing recent comparable sales in San Bernardino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 208 E Olive Subject 0 bd · 0 ba · 1,872 sqft · $273 | $499,900* List Price | 0 | 0 | 1,872 | $273 | - |
A 24226 Monterey Avenue Active 0 bd · 0 ba · 1,996 sqft · $313 · 0.8 mi | $624,900 List Price | 0 | 0 | 1,996 | $313 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1953 (71 years old), the property exceeds the 30-50 year threshold for poor condition without a full renovation. While the roof is newer, the bathroom is significantly dated, and exterior images show exposed wiring and window AC units, indicating outdated electrical and HVAC systems that require rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The triplex configuration offers excellent flexibility for investors, allowing for house-hacking or a full rental portfolio to maximize cash flow in the San Bernardino market.
- Recent Capital Improvements
The property features a newer roof and fencing, significantly reducing immediate maintenance costs and enhancing the overall curb appeal and security.
- Desirable Tenant Amenities
Each of the three units includes its own indoor laundry area, a highly sought-after feature that increases rental value and attracts long-term tenants.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1953, the property may necessitate future investments in aging mechanical, electrical, or plumbing systems typical of mid-century constructions.
- Limited Unit Diversity
The uniform one-bedroom, one-bathroom layout limits the target demographic to individuals or couples, potentially resulting in higher turnover rates than multi-bedroom units.
About 208 E Olive
Ready to make your first investment move? This triplex offers a flexible way to start or grow a rental portfolio: live in one unit and rent out the other two, or rent out all three. Each one bedroom, one bathroom unit has its own indoor laundry, and the property offers plenty of parking. A newer roof and fence add to the appeal. Whether you’re looking for a place to call home while building your portfolio or another rental property to add to it, this triplex is worth a closer look. Schedule a showing and explore the possibilities.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1953
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 1,872 | 1,871.438 |
| Lot Size | 6,250 | 7,757.938 |
| Price | $499.9K | $669.3K |
| Price per sq ft | $267 | $318 |
| Built year | 1953 | 1948 |
| HOA | $0 | $0 |
| Days on market | 26 | 63 |
Pricing History
Listed for Sale
Sep 28, 2026
$499,900
Initial Listing
Sold
Jul 26, 2017
$330,000
Public Record
Sold
Sep 30, 2013
$122,500
Public Record
Sold
Jan 22, 2009
$210,000
Public Record
Sold
Oct 21, 2005
$386,000
Public Record
Sold
Mar 10, 2005
$300,000
Public Record
Sold
Jul 30, 2004
$225,000
Public Record