2824 N Waterman Avenue, San Bernardino, California 92404, San Bernardino, 92404 - 6 bed, 3 bath
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San Bernardino, California 92404
This Turnkey Multi-Unit Residence is a High-Potential Investment Opportunity, listed at $579,900—positioned well below the $601,622 Fair Market Value by 3%. This valuation gap secures $21,722 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the property features a renovated 4-bedroom main home and a detached 2-bedroom ADU with a private entrance for immediate rental income. With Mountain Views, quartz finishes, and a secure gated lot in the San Bernardino City Unified district, it perfectly balances lifestyle comfort with financial ROI. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2824 N Waterman Avenue Subject | $579,900* List Price | 6 | 3 | 1,742 | $341 | - |
A 334 Country Club Sold | $500,000 | 5 | 3 | 1,778 | $281 | 0.1 mi |
B 2946 Leroy Street Sold | $485,000 | 4 | 2 | 1,237 | $392 | 0.2 mi |
C 3525 Wall Avenue Sold | $505,000 | 4 | 2 | 1,544 | $327 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring a modern kitchen with quartz countertops and new stainless steel appliances, updated bathrooms with new tile work, new laminate flooring, recessed lighting, and fresh paint throughout both the main house and the detached ADU, meeting current quality standards.
The property features a detached 2-bedroom, 1-bath ADU with a private entrance, providing an excellent opportunity for rental income or multi-generational living.
Both the main home and ADU have been extensively renovated with high-end finishes, including quartz countertops, stainless steel appliances, and new laminate flooring, offering a move-in-ready experience.
The lot is fully fenced with a gated driveway and additional parking, ensuring a secure environment and ample space for multiple vehicles or outdoor activities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1742, other record living area = 1122. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The property was recently sold within the past year on 2025-09-15. The sold price is $331,000.00.
Originally built in 1947, the property may possess older core infrastructure elements that could require more long-term maintenance compared to a newer construction.
Completely updated and full of opportunity, this versatile property features a 4-bedroom, 2-bath main home PLUS a detached 2-bedroom, 1-bath ADU with its own private entrance, offering ideal flexibility for extended family, guests, or potential rental income. The main home welcomes you with a spacious living room at the front of the house, highlighted by recessed lighting and an open flow into the beautifully updated kitchen. The kitchen features quartz countertops, new stainless steel appliances including a gas range, microwave, and dishwasher, and plenty of space for everyday cooking and entertaining. Just off the kitchen toward the rear of the home is a large utility room that provides a centrally located laundry area and convenient access to the backyard. The primary suite, located just beyond the utility room for added privacy, offers two generous closets (including a walk-in) and a private ensuite bathroom with a freshly tiled walk-in shower. Three additional bedrooms are located nearby, each featuring ceiling fans and recessed lighting, with one bedroom offering sliding door access to the backyard. These bedrooms share a centrally located full bathroom with a tiled shower/tub combination. The home has been fully updated throughout, including fresh interior and exterior paint, new laminate wood flooring in the main living areas, neutral tile flooring in the kitchen and bathrooms, new quartz countertops, stainless steel appliances, new blinds, and updated ceiling fans, creating a move-in ready space with a clean, modern feel. Out back, you’ll find the detached 2-bedroom ADU offering approximately 620 sq. ft. of additional living space. The unit includes a living room with a kitchen area and sink with space for a gas range, two spacious bedrooms, a full bathroom with a tiled walk-in shower, and a mini-split AC system. The fully fenced property features a gated driveway, additional parking, and a spacious backyard, providing privacy, security, and room to enjoy the outdoors. An exceptional opportunity to own a beautifully updated home with a detached ADU, offering comfort, flexibility, and a convenient location near shopping, schools, and commuter access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 1,742 | 1,335 | 76% |
| Lot Size | 6,570 | 8,250 | 7% |
| Price | $579.9K | $515.0K | 83% |
| Price per sq ft | $333 | $378 | 33% |
| Built year | 1947 | 1954 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 191 | 1% |
Mar 7, 2026
$579,900
Initial Listing
Sep 15, 2025
$331,000
Public Record