2456 N Waterman, San Bernardino, California 92404, San Bernardino, 92404 - 3 bed, 1 bath
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2456 N Waterman
San Bernardino, California 92404
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,051Sq Ft
5,544Lot Size
Property Price
LIST PRICE$415,000
EST. MARKET VALUE
$414,363
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $415,000—positioned well below the $414,363 Fair Market Value (priced at market stability). With a Condition Rating of 4, this 1952 build offers significant upside through modernization. The detached 2-car garage with alley access provides a prime opportunity for ADU conversion, enhancing rental yield. Featuring a spacious backyard and functional layout, this asset is ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic value-add renovations.
Estimated Market Value
$414,363
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 |
|---|---|---|---|---|---|---|
★ 2456 N Waterman Subject | $415,000* List Price | 3 | 1 | 1,051 | $394 | - |
A 2520 Cedar Sold | $385,000 | 3 | 2 | 970 | $397 | 0.6 mi |
B 648 E 20th Sold | $440,000 | 2 | 1 | 1,116 | $394 | 0.5 mi |
C 1737 N Waterman Sold | $350,000 | 3 | 2 | 982 | $356 | 0.5 mi |
D 1441 Pepper Tree Sold | $450,000 | 3 | 1 | 952 | $473 | 0.9 mi |
E 263 E 28th Street Sold | $405,000 | 3 | 2 | 808 | $501 | 0.2 mi |
F 488 E Gilbert Sold | $365,000 | 2 | 1 | 842 | $433 | 0.8 mi |
G 537 E Trenton Sold | $426,000 | 2 | 1 | 870 | $490 | 0.7 mi |
H 408 E 18th Pending | $360,000 List Price | 3 | 1 | 1,138 | $316 | 0.5 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 1952, this 70+ year old property is functional but dated. While it features some cosmetic updates like wood-look laminate flooring, it lacks central HVAC (relying on wall and window units) and the galley kitchen and bathroom appear to be older configurations. The property is move-in ready but requires modernization of systems and finishes to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Development Potential
The detached two-car garage with rear alley access offers a significant opportunity for conversion into an Accessory Dwelling Unit (ADU), providing potential for rental income or multi-generational living.
- Enhanced Outdoor Living
The property features a spacious, fully fenced backyard with a covered aluminum patio and low-maintenance hardscape, creating a private and functional space for outdoor entertaining.
- Functional Interior Layout
The home includes a dedicated indoor laundry/utility room and updated wood-look laminate flooring, offering modern convenience and durability that exceeds typical expectations for a 1950s build.
CONSRISKS & DEFICIENCIES
- Lack of Central HVAC
The reliance on wall-mounted and window air conditioning units rather than a central cooling system may result in uneven temperature distribution and lower energy efficiency during hot summer months.
- Single Bathroom Limitation
Having only one bathroom can be a significant drawback for families and may limit the property's competitive edge compared to similar homes that offer a second half or full bath.
About 2456 N Waterman
Cozy 2-bedroom, 1-bath home featuring a spacious backyard and detached 2-car garage with convenient alley access. The interior offers a comfortable living room with wood-look laminate flooring and a bay window overlooking the gated front yard. The adjacent dining area is open to the living space and includes a wall-mounted air conditioning unit. The galley-style kitchen leads to an indoor laundry/utility room with washer and dryer hookups. Both bedrooms feature ceiling fans and window air conditioning units, while the bathroom offers a shower/tub combination. The large backyard provides ample outdoor space and includes block wall fencing, sprinklers, a covered aluminum patio area, and low-maintenance hardscape. The detached 2-car garage is accessed from the rear alley and includes an electric garage door. It might be possible to convert the detached garage into an ADU (buyers to investigate). Make this great home yours today! Convenient layout with both indoor and outdoor living space.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 5,544 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.0 |
| Square foot | 1,051 | 1,336.28 |
| Lot Size | 5,544 | 7,410.822 |
| Price | $415.0K | $519.7K |
| Price per sq ft | $395 | $377 |
| Built year | 1952 | 1955 |
| HOA | $0 | $121 |
| Days on market | 11 | 61 |
Pricing History
Listed for Sale
Aug 29, 2026
$415,000
Initial Listing
Sold
Mar 1, 2023
$393,000
Public Record
Sold
Aug 26, 2009
$82,500
Public Record
Sold
Jul 23, 1998
$88,000
Public Record
Sold
Mar 30, 1998
$53,000
Public Record
Sold
Jul 1, 1997
$56,000
Public Record