261 E. Kingman, San Bernardino, California 92410, San Bernardino, 92410 - bed, bath
ACTIVE UNDER CONTRACT$399,000
261 E. Kingman, San Bernardino, California 92410
0Bed
0Bath
946Sqft
6,250Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex, explicitly categorized as 'Residential Income,' making it ideal for investors seeking rental income or for multi-generational living arrangements.
Top Cons:
Age of Property: Built in 1955, the property is older, which may imply aging infrastructure, systems (e.g., plumbing, electrical), and potential for future capital expenditures.
Compared to the nearby listings
Price:$399.0K vs avg $593.5K ($-194,500)15%
Size:946 sqft vs avg 1,650 sqft15%
Price/sqft:$422 vs avg $34285%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, the property is described as 'very well-maintained' with 'great street curb appeal,' which is supported by the exterior image showing a tidy facade and yard. However, without any interior images or specific renovation details, it's highly probable that the kitchen, bathrooms, and other interior features are outdated, even if functional and clean. The age of the property suggests that major components are likely functional but show signs of being older, requiring minor updates to meet current aesthetic and functional standards. It does not appear to require substantial repairs, but significant modernization would likely be needed.
Year Built
1955
Close
-
List price
$399K
Original List price
$399K
Price/Sqft
$422
HOA
-
Days on market
-
Sold On
-
MLS number
IG25216011
Home ConditionFair
Features
View-
About this home
Offered for sale is a very well-maintained long-time tenant duplex. Each unit has one bedroom, one bathroom, kitchen and family room. Well maintained yard and great street curb appeal. Great rental income on this perfectly priced duplex. This particular duplex has a parking area behind it and street parking. It's a must see if you are looking for an investment property or just multi-generational living with each having their own space. Each unit also has it's own Electrical and gas meters.
Condition Rating
Fair
Built in 1955, the property is described as 'very well-maintained' with 'great street curb appeal,' which is supported by the exterior image showing a tidy facade and yard. However, without any interior images or specific renovation details, it's highly probable that the kitchen, bathrooms, and other interior features are outdated, even if functional and clean. The age of the property suggests that major components are likely functional but show signs of being older, requiring minor updates to meet current aesthetic and functional standards. It does not appear to require substantial repairs, but significant modernization would likely be needed.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, explicitly categorized as 'Residential Income,' making it ideal for investors seeking rental income or for multi-generational living arrangements.
Separate Utility Meters: Each unit benefits from its own electrical and gas meters, simplifying tenant billing and reducing landlord's operational overhead.
Well-Maintained Condition: Described as 'very well-maintained' with a 'well maintained yard,' suggesting lower immediate repair and maintenance costs for a new owner.
Strong Curb Appeal: The property boasts 'great street curb appeal,' which enhances its attractiveness to prospective tenants and contributes positively to property value.
Dedicated Parking: The presence of a 'parking area behind it and street parking' provides convenient and essential amenity for tenants.
Cons
Age of Property: Built in 1955, the property is older, which may imply aging infrastructure, systems (e.g., plumbing, electrical), and potential for future capital expenditures.
Small Unit Footprint: With a total of 946 sqft for two 1-bedroom units, each unit is relatively small (approximately 473 sqft), potentially limiting the tenant pool and rental income ceiling.
Limited Unit Configuration: Both units are 1-bedroom, 1-bathroom, which may restrict the target tenant demographic, potentially excluding families or individuals requiring more living space.