
San Bernardino, California 92410
This Duplex Residential Income Asset represents a Strong Value Opportunity, listed at $649,900—positioned well below the $651,897 Fair Market Value by 0.3%. This valuation gap offers $1,997 in Instant Equity. With a Fair Condition Rating (4/10), the property features a versatile layout for multi-generational living or rental income. While the infrastructure requires modernization, the 6,750 sq ft lot and prime proximity to major freeways provide significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24226 Monterey Avenue Subject | $649,900* List Price | 0 | 0 | 1,996 | $327 | - |
A 1001 1001 N Mountain View Sold | $665,000 | 0 | 0 | 2,314 | $287 | 0.9 mi |
B 390 E 4th Sold | $505,000 | 2 | 1 | 1,309 | $386 | 0.1 mi |
C 243 E Olive Active | $535,000 List Price | 3 | 2 | 1,490 | $359 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1937 with interior renovations (kitchen cabinets and tile flooring) that appear to be 15-25 years old. The property relies on dated wall heaters and window AC units rather than modern central HVAC systems. While functional and move-in ready, the home is dated and requires cosmetic updates and system modernizations.
The property features multiple independent living units with private kitchens and bathrooms, offering significant potential for rental income or multi-generational living.
Ideally situated near downtown San Bernardino and major freeways (10, 215, 210), providing excellent accessibility for commuters and proximity to local amenities.
The 6,700+ sq ft lot includes a long driveway and ample off-street parking, accommodating multiple residents or tenants comfortably.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1996, other record living area = 1672.
Originally constructed in 1937, the property may require updates to its systems and structure to meet modern standards and efficiency.
There is a noted discrepancy between public records and the current configuration, requiring the buyer to perform due diligence regarding permits and zoning legality.
Exceptional opportunity on a 6,700+ sq ft lot featuring multiple living spaces with kitchens, bathrooms, and laundry setups across the property. Flexible layout offers strong potential for owner-occupant living, multi-generational use, or rental income in a convenient San Bernardino location. The property features multiple independent living areas designed for versatility, with generous interior space throughout. A long driveway provides parking on the property, with additional off street parking available as well. The main residence includes a covered front porch with room for seating or a small table, creating a welcoming entry point. Across the property, the existing configuration supports a wide range of uses, including extended household living or income-producing arrangements. Conveniently located near Inland Center Mall, San Bernardino Valley College, and downtown San Bernardino, with nearby parks, shopping, dining, and everyday services. Quick access to the 10, 215, and 210 freeways makes commuting throughout the Inland Empire straightforward and efficient. Public records reflect a 4-bedroom residence. Buyer is advised to verify all aspects of the property, including unit configuration, bedroom and bathroom count, square footage, permits, zoning, and any other property information to their own satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 1,996 | 1,865.083 |
| Lot Size | 6,750 | 7,752.25 |
| Price | $649.9K | $639.4K |
| Price per sq ft | $326 | $329 |
| Built year | 1937 | 1949 |
| HOA | $0 | $0 |
| Days on market | 35 | 65 |
Aug 5, 2026
$649,900
Initial Listing
Mar 10, 2015
$165,000
Public Record
Oct 10, 1997
$85,000
Public Record
Aug 8, 1997
$44,500
Public Record