243 E E. Olive Street, San Bernardino, California 92410, San Bernardino, 92410 - 3 bed, 2 bath
ACTIVE$535,000$1,490/sqft
243 E E. Olive Street, San Bernardino, California 92410
3Beds
2Baths
1,490Sqft
6,550Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex, offering a versatile opportunity for owner-occupancy with rental income or as a strong income-producing asset for investors.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1490, other record living area = 798. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compared to the nearby listings
Price:$535.0K vs avg $576.8K ($-41,750)39%
Size:1,490 sqft vs avg 1,650 sqft39%
Price/sqft:$359 vs avg $33567%
More Insights
Built in 1942 (84 years old).
Condition: Despite being built in 1942, the property has undergone significant recent renovations, particularly in the front unit, which features a tastefully updated kitchen with modern white shaker cabinets, new countertops, and a recently renovated bathroom with contemporary tiling and fixtures. The front unit also boasts new flooring and fresh paint throughout, making it move-in ready. The rear unit also shows updated kitchen cabinets, new flooring, and fresh paint, though its bathroom is less extensively renovated. While the property lacks central HVAC and some appliances are older, the extensive cosmetic updates and 'well-maintained' status elevate its condition beyond 'Fair', aligning with a 'Good' rating for being largely move-in ready with recent updates.
Year Built
1942
Close
-
List price
$535K
Original List price
$535K
Price/Sqft
$359
HOA
-
Days on market
-
Sold On
-
MLS number
IG26006601
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
Fantastic Duplex opportunity in the heart of San Bernardino! This well-maintained property offers two separate units, making it ideal for owner-occupants or investors alike. The front unit features 2 bed/1 bath with approximately 798 sq ft of living space. It has been tastefully updated with fresh interior paint, new flooring, updated kitchen cabinets and countertops, and a recently renovated bathroom, creating a clean, modern feel throughout. The rear unit offers 1 bed /1 bath with approximately 692 sq ft, highlighted by a spacious living room and a functional layout that provides comfort and flexibility. This property presents endless possibilities live in one unit and rent the other, or add a strong income-producing asset to your portfolio. Conveniently located near shopping, dining, schools, and freeway access. A great opportunity you won’t want to miss!
C
Claudia Madrid
Listing Agent
Condition Rating
Good
Despite being built in 1942, the property has undergone significant recent renovations, particularly in the front unit, which features a tastefully updated kitchen with modern white shaker cabinets, new countertops, and a recently renovated bathroom with contemporary tiling and fixtures. The front unit also boasts new flooring and fresh paint throughout, making it move-in ready. The rear unit also shows updated kitchen cabinets, new flooring, and fresh paint, though its bathroom is less extensively renovated. While the property lacks central HVAC and some appliances are older, the extensive cosmetic updates and 'well-maintained' status elevate its condition beyond 'Fair', aligning with a 'Good' rating for being largely move-in ready with recent updates.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering a versatile opportunity for owner-occupancy with rental income or as a strong income-producing asset for investors.
Recently Updated Front Unit: The front unit (2 bed/1 bath) has been tastefully updated with fresh interior paint, new flooring, updated kitchen cabinets/countertops, and a renovated bathroom, providing a modern and move-in ready space.
Convenient Location: Strategically located near shopping, dining, schools, and freeway access, enhancing its appeal to potential tenants and owner-occupants.
Well-Maintained Property: Described as a 'well-maintained property,' suggesting good upkeep and potentially fewer immediate repair concerns for a buyer.
Desirable Views: The property offers desirable mountain and neighborhood views, adding to its aesthetic appeal and potential value.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1490, other record living area = 798. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Age of Property: Built in 1942, the property's age may imply older infrastructure (e.g., plumbing, electrical, roof) that could require significant maintenance or upgrades in the future, despite being well-maintained.
Ambiguous Rear Unit Condition: While the front unit is explicitly updated, the description for the rear unit only highlights a 'spacious living room and a functional layout,' suggesting it may not have received the same level of recent renovations and could require future investment.
Lack of HVAC Details: The property description does not specify the type or condition of heating, ventilation, and air conditioning systems, which for an older home could indicate a lack of modern central air conditioning, a potential drawback in warmer climates.