2867 N I, San Bernardino, California 92405, San Bernardino, 92405 - 3 bed, 1 bath
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2867 N I
San Bernardino, California 92405
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,020Sq Ft
9,724Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$442,652
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $442,653 Fair Market Value by 3%. This valuation gap offers $17,653 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization, yet the 9,724 sqft lot provides significant ADU potential and gated RV parking. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking to build long-term value through strategic renovations.
Estimated Market Value
$442,652+$17,652 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 |
|---|---|---|---|---|---|---|
★ 2867 N I Subject 3 bd · 1 ba · 1,020 sqft · $434 | $425,000* List Price | 3 | 1 | 1,020 | $434 | - |
A 2936 Lincoln Sold 3 bd · 2 ba · 1,031 sqft · $385 · 0.2 mi | $397,000 | 3 | 2 | 1,031 | $385 | 0.2 mi |
B 2863 N E Sold 2 bd · 1 ba · 1,170 sqft · $393 · 0.5 mi | $460,000 | 2 | 1 | 1,170 | $393 | 0.5 mi |
C 2839 N F Street Sold 3 bd · 2 ba · 1,234 sqft · $389 · 0.4 mi | $479,999 | 3 | 2 | 1,234 | $389 | 0.4 mi |
D 2734 Serrano Road Sold 3 bd · 2 ba · 1,176 sqft · $459 · 0.4 mi | $540,000 | 3 | 2 | 1,176 | $459 | 0.4 mi |
E 3123 N E Sold 2 bd · 1 ba · 1,184 sqft · $300 · 0.6 mi | $355,000 | 2 | 1 | 1,184 | $300 | 0.6 mi |
F 225 W 27th Sold 2 bd · 1 ba · 882 sqft · $493 · 0.9 mi | $435,000 | 2 | 1 | 882 | $493 | 0.9 mi |
G 734 Lee Active 3 bd · 1 ba · 1,044 sqft · $479 · 0.8 mi | $499,900 List Price | 3 | 1 | 1,044 | $479 | 0.8 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 1945, the home shows signs of a partial refresh with newer laminate flooring, carpet, and paint. However, the kitchen features dated oak cabinetry and laminate countertops likely from a renovation over 20 years ago. While functional and move-in ready, the property requires modernization of the kitchen and single bathroom, and the 80-year-old structure likely needs system updates to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9724, living area = 1020.
- Expansive Lot & ADU Potential
The generous 9,724 sqft lot provides significant outdoor space and the potential to add an Accessory Dwelling Unit (ADU), offering excellent value-add opportunities for investors or multi-generational families.
- Versatile Parking & Storage
The property features gated extended parking specifically designed to accommodate recreational vehicles, boats, or additional storage, a highly sought-after feature in this market.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With three bedrooms but only one bathroom, the layout may be a significant drawback for larger households or buyers looking for modern convenience and privacy.
- Compact Living Square Footage
At just 1,020 square feet, the interior living space is relatively small for a three-bedroom residence, which may result in a cramped feel and limited furniture arrangement options.
About 2867 N I
Situated on a tree-lined street, this inviting home offers comfortable living and a spacious lot with room to make it your own. A large picture window fills the living room with natural light, while a separate dining room, open kitchen, and generously sized bedrooms create a welcoming layout. A breezeway connects the home to the garage and offers a versatile space for relaxing or tackling projects. Gated extended parking provides room for recreational vehicles, boats, or additional storage. The expansive backyard offers ample space for outdoor entertaining, gardening, or a potential ADU, subject to city approval and applicable requirements. Conveniently located near the 210 and 215 freeways, this property combines accessibility with space and possibilities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 9,724 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 | 1,020 | 1,362.551 |
| Lot Size | 9,724 | 7,424.257 |
| Price | $425.0K | $520.9K |
| Price per sq ft | $417 | $374 |
| Built year | 1945 | 1956 |
| HOA | $0 | $121 |
| Days on market | 3 | 61 |
Pricing History
Listed for Sale
Oct 21, 2026
$425,000
Initial Listing
Sold
Nov 17, 2017
$240,000
Public Record
Sold
Jun 21, 2004
$210,000
Public Record
Sold
Jan 10, 1994
$76,000
Public Record