2742 Conejo, San Bernardino, California 92404, San Bernardino, 92404 - 0 bed, 0 bath
Loading property details...
2742 Conejo
San Bernardino, California 92404
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,336Sq Ft
7,600Lot Size
Property Price
LIST PRICE$878,000
EST. MARKET VALUE
$917,142
4% BelowMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $878,000—positioned well below the $917,143 Fair Market Value by 4%. This valuation gap offers $39,143 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the property includes 4-Car Enclosed Garage Parking and On-Site Laundry, ensuring stable cash flow. Its strategic location near the I-210 and I-215 freeways makes this a prime acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate, turn-key rental stability.
Estimated Market Value
$917,142+$39,142 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2742 Conejo Subject | $878,000* List Price | 0 | 0 | 3,336 | $275 | - |
A 6915 Barton Street Sold | $830,000 | 0 | 0 | 3,200 | $259 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1964, the property features renovations likely completed within the last 5-15 years, including granite countertops, updated dark wood cabinetry, and vinyl windows. The units appear functional and move-in ready for tenants, meeting the 'turn-key' description despite minor cosmetic wear on the exterior stucco and a missing cabinet panel in one kitchen.
PROSSTRENGTHS & OPPORTUNITIES
- Revenue-Generating Amenities
The inclusion of four private enclosed garages and a dedicated on-site laundry facility provides high-value tenant amenities while creating multiple streams of secondary rental income for the owner.
- Turn-Key Investment
This quadruplex is presented in well-maintained condition with clean interior finishes and low-maintenance common areas, allowing for immediate cash flow stability without the need for significant upfront renovation.
- Strategic Commuter Location
The property's proximity to the I-210 and I-215 freeways ensures strong tenant retention and high demand due to its easy accessibility to major Inland Empire employment hubs and local shopping.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1964, the property may require more frequent maintenance or future capital expenditures for aging mechanical, plumbing, or electrical systems compared to newer builds.
- Limited Expansion Potential
With a 7,600 square foot lot already housing over 3,300 square feet of living space and four garages, there is restricted physical space for adding additional units or ADUs to further increase density.
About 2742 Conejo
Situated in a convenient and accessible San Bernardino neighborhood, 2742/2748 Cojeno Dr offers a strong turn-key addition to any multi-family investment portfolio. Featuring well-maintained residential units and functional living spaces, this asset provides an ideal balance of immediate cash flow stability and long-term appreciation potential. Property Highlights: Desirable Layouts: Functional floor plans with well-proportioned bedrooms, comfortable living areas, and clean interior finishes designed to maintain strong tenant retention. 4-Car Enclosed Garage Parking: Features four private, individual enclosed garage spaces—offering dedicated covered parking for tenants or potential additional rental income. On-Site Laundry Facility: Includes dedicated on-site laundry facilities, serving as both a key tenant amenity and an immediate driver for additional secondary income. Prime Location: Conveniently located near major commuter routes (I-210 and I-215), local schools, shopping, and key Inland Empire employment hubs. Efficient Operations: Clean exterior grounds, dedicated parking, and low-maintenance common areas keep operational overhead optimized. Value-Add Potential: Delivers reliable immediate income while offering upside opportunity to optimize yield through market-rate adjustments. An outstanding asset for investors focused on stable cash flow and steady appreciation in San Bernardino County.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 7,600 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 3,336 | 1,865.083 |
| Lot Size | 7,600 | 7,752.25 |
| Price | $878.0K | $639.4K |
| Price per sq ft | $263 | $329 |
| Built year | 1964 | 1949 |
| HOA | $0 | $0 |
| Days on market | 18 | 65 |
Pricing History
Listed for Sale
Aug 22, 2026
$878,000
Initial Listing
Sold
Oct 25, 2023
$750,000
Public Record
Sold
Dec 28, 2021
$730,000
Public Record
Sold
Mar 18, 2010
$175,000
Public Record
Sold
Dec 1, 2006
$560,000
Public Record
Sold
Feb 23, 2005
$425,000
Public Record
Sold
Oct 11, 2002
$192,000
Public Record