2315 N Lugo, San Bernardino, California 92404, San Bernardino, 92404 - 3 bed, 2 bath
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2315 N Lugo
San Bernardino, California 92404
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,346Sq Ft
6,756Lot Size
Property Price
LIST PRICE$520,000
EST. MARKET VALUE
$485,452
7% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $520,000—positioned well above the $485,453 Fair Market Value by -7%. Featuring a 2-bed front house and an unpermitted rear ADU, the property offers significant income potential through house-hacking. With a Condition Rating of 4, the 1938 structure requires modernization, yet the detached garage provides a clear path for future density expansion. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Estimated Market Value
$485,452
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 |
|---|---|---|---|---|---|---|
★ 2315 N Lugo Subject 3 bd · 2 ba · 1,346 sqft · $361 | $520,000* List Price | 3 | 2 | 1,346 | $361 | - |
A 236 29th Street Sold 3 bd · 2 ba · 1,474 sqft · $343 · 0.5 mi | $505,000 | 3 | 2 | 1,474 | $343 | 0.5 mi |
B 1737 N Lugo Avenue Sold 3 bd · 2 ba · 1,286 sqft · $358 · 0.5 mi | $460,000 | 3 | 2 | 1,286 | $358 | 0.5 mi |
C 2045 Crestview Sold 3 bd · 2 ba · 1,311 sqft · $286 · 0.6 mi | $375,000 | 3 | 2 | 1,311 | $286 | 0.6 mi |
D 2931 Sepulveda Sold 3 bd · 2 ba · 1,678 sqft · $315 · 0.5 mi | $528,000 | 3 | 2 | 1,678 | $315 | 0.5 mi |
E 230 E 21st Sold 2 bd · 1 ba · 896 sqft · $441 · 0.2 mi | $395,000 | 2 | 1 | 896 | $441 | 0.2 mi |
F 648 E 20th Sold 2 bd · 1 ba · 1,116 sqft · $394 · 0.6 mi | $440,000 | 2 | 1 | 1,116 | $394 | 0.6 mi |
G 408 E 18th Sold 3 bd · 1 ba · 1,138 sqft · $330 · 0.6 mi | $375,000 | 3 | 1 | 1,138 | $330 | 0.6 mi |
H 2456 N Waterman Active 3 bd · 1 ba · 1,051 sqft · $431 · 0.3 mi | $453,000 List Price | 3 | 1 | 1,051 | $431 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1938, the primary structure is over 80 years old and described as 'clean' rather than renovated, suggesting dated systems and interiors. While the ADU is recently remodeled, its unpermitted status and the age of the main house indicate a need for modernization and potential compliance updates to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The dual-unit configuration featuring a front house and a rear ADU provides an excellent opportunity for house-hacking or dual rental income to offset mortgage costs.
- Value-Add Opportunity
The detached garage offers significant upside potential for conversion into a third residential unit, allowing for increased density and property valuation subject to city permits.
- Occupancy Flexibility
With both units currently on month-to-month leases, the buyer enjoys the flexibility to either move in quickly or transition the tenancies to current market-rate rents.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1346, other record living area = 878. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Unpermitted ADU
The rear ADU is explicitly unpermitted, which may present challenges with traditional financing, insurance eligibility, and potential future city compliance requirements.
- Aging Infrastructure
Built in 1938, the property's core systems and structure are nearly 90 years old, likely requiring more intensive maintenance and updates compared to modern constructions.
About 2315 N Lugo
Beautiful clean property featuring a 2-bed 1-bath front house and a separate 1-bed 1-bath rear ADU that was recently remodeled. The ADU is unpermitted. Both units are currently tenant-occupied month-to-month, offering flexibility for future plans. The property also includes a detached garage with potential for conversion into a 3rd unit (subject to city approval, zoning requirements, and necessary permits). Excellent opportunity to live in one unit and offset monthly mortgage expenses with rent from the other unit. Call for exciting details.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 6,756 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,346 | 1,362.551 |
| Lot Size | 6,756 | 7,424.257 |
| Price | $520.0K | $520.9K |
| Price per sq ft | $386 | $374 |
| Built year | 1938 | 1956 |
| HOA | $0 | $121 |
| Days on market | 3 | 61 |
Pricing History
Listed for Sale
Oct 21, 2026
$520,000
Initial Listing
Sold
Apr 24, 2025
$480,000
Public Record
Sold
Feb 8, 2017
$185,000
Public Record
Sold
Nov 8, 1996
$79,500
Public Record
Sold
May 31, 1996
$65,000
Public Record