
San Bernardino, California 92404
This property presents a High-Potential Investment Opportunity with a List Price of $389,999—positioned well below the $382,920 Fair Market Value by -1.8%. While the home carries a Condition Rating of 5, the generous lot size and ADU Potential provide a clear path for forced appreciation. Featuring ductless mini-split systems and a covered patio, the asset is ready for a comprehensive renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to build equity through value-add improvements in the San Bernardino market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2999 Casa Loma Drive Subject 3 bd · 2 ba · 1,149 sqft · $333 | $389,999* List Price | 3 | 2 | 1,149 | $333 | - |
A 1475 E Marshall Boulevard Sold 3 bd · 2 ba · 1,164 sqft · $339 · 0.6 mi | $395,000 | 3 | 2 | 1,164 | $339 | 0.6 mi |
B 1097 E Mirada Sold 4 bd · 2 ba · 1,489 sqft · $336 · 0.2 mi | $500,000 | 4 | 2 | 1,489 | $336 | 0.2 mi |
C 25437 Edgemont Sold 3 bd · 2 ba · 1,070 sqft · $410 · 0.9 mi | $439,000 | 3 | 2 | 1,070 | $410 | 0.9 mi |
D 2520 Cedar Sold 3 bd · 2 ba · 970 sqft · $397 · 0.4 mi | $385,000 | 3 | 2 | 970 | $397 | 0.4 mi |
E 3657 Conejo Drive Sold 3 bd · 2 ba · 1,174 sqft · $428 · 0.9 mi | $502,000 | 3 | 2 | 1,174 | $428 | 0.9 mi |
F 648 E 20th Sold 2 bd · 1 ba · 1,116 sqft · $394 · 0.9 mi | $440,000 | 2 | 1 | 1,116 | $394 | 0.9 mi |
G 2045 Crestview Pending 3 bd · 2 ba · 1,311 sqft · $332 · 1.0 mi | $435,000 List Price | 3 | 2 | 1,311 | $332 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 with original or highly outdated kitchen and bathrooms exceeding 30 years in age. The listing explicitly notes the need for major updates, unknown condition of critical systems like the roof and plumbing, and visible deferred maintenance in the garage and exterior structures, requiring a full rehab.
The generous lot size and layout offer significant potential for an Accessory Dwelling Unit (ADU), providing a valuable opportunity for rental income or multi-generational living.
The inclusion of ductless mini-split systems in the bedrooms and living room provides energy-efficient heating and cooling, a modern upgrade not often found in homes of this vintage.
Priced competitively for its condition, this property serves as an ideal project for investors or contractors to build substantial equity through comprehensive renovations.
The home requires both cosmetic and major structural updates, with the current condition of critical systems like the roof and plumbing being unknown and requiring significant investment.
As a short sale subject to lender approval, the transaction involves a more prolonged and uncertain closing timeline compared to a standard residential sale.
Welcome to 2999 Casa Loma Drive. This San Bernardino home is a true opportunity for investors, contractors, and buyers who are ready to bring their vision and build equity. Inside, a spacious living room is centered around a classic brick fireplace. The large kitchen offers plenty of cabinet and counter space and is ready for a full refresh. Ductless mini split systems in the bedrooms and living room provide efficient heating and cooling. The home needs both cosmetic and major updates throughout. The condition of the roof, plumbing, and other systems is unknown, so buyers should plan for updating. Outside, the generous lot features mature trees, a covered patio, and plenty of room to create the backyard you have in mind. The lot also offers potential for an ADU, which could add long-term value through rental income or space for extended family. Buyer should verify with the City of San Bernardino. An attached one-car garage and a long driveway provide additional parking. The home is conveniently located near shopping, schools, and freeway access. It is being sold as is, and the short sale is subject to lender approval.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,149 | 1,362.551 |
| Lot Size | 6,321 | 7,424.257 |
| Price | $390.0K | $520.9K |
| Price per sq ft | $339 | $374 |
| Built year | 1963 | 1956 |
| HOA | $0 | $121 |
| Days on market | 12 | 61 |
Oct 12, 2026
$389,999
Initial Listing
Oct 8, 2019
$275,000
Public Record
Sep 4, 2009
$102,000
Public Record