360 E Gilbert Street, San Bernardino, California 92404, San Bernardino, 92404 - 2 bed, 1 bath
ACTIVE$375,000
360 E Gilbert Street, San Bernardino, California 92404
2Beds
1Bath
1,152Sqft
10,500Lot
Price Vs. Estimate
The estimated value ($335,067.485) is $39,932.515 (10%) lower than the list price ($375,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 10500, living area = 1152.
Top Cons:
Requires Renovation (TLC): The property explicitly states it 'needs some TLC,' indicating that significant repairs, updates, and financial investment will be required to bring it to modern standards.
Compared to the nearby listings
Price:$375.0K vs avg $505.0K ($-130,000)7%
Size:1,152 sqft vs avg 1,376 sqft27%
Price/sqft:$326 vs avg $35929%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property is 72 years old and explicitly stated to 'need some TLC,' indicating substantial repairs and rehabilitation are required. The listing highlights 'Older Construction' and 'Requires Renovation (TLC)' as weaknesses. The exterior image shows visible signs of neglect, including a dead lawn, a large tree stump, and a dated facade with a window AC unit, suggesting outdated systems and finishes throughout. The absence of interior photos strongly implies that the kitchen and bathroom conditions are likely very poor and require significant modernization and repair, consistent with a property needing major updates to be comfortable and safe.
Year Built
1952
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$326
HOA
-
Days on market
-
Sold On
-
MLS number
DW25170029
Home ConditionPoor
Features
View-
About this home
This 2 bedroom home sits on a spacious 10,500 square foot lot, offering endless possibilities for expansion or outdoor living. Very open floor plan with big size living room and dining area. The home needs some TLC but provides great opportunity for buyers looking to customize and add value. With plenty of room for a garden, RV parking, or even future development, this property is full of potential. Perfect for investors or someone ready to create their dream space. Ideal location near shopping and freeways.
Condition Rating
Poor
Built in 1952, this property is 72 years old and explicitly stated to 'need some TLC,' indicating substantial repairs and rehabilitation are required. The listing highlights 'Older Construction' and 'Requires Renovation (TLC)' as weaknesses. The exterior image shows visible signs of neglect, including a dead lawn, a large tree stump, and a dated facade with a window AC unit, suggesting outdated systems and finishes throughout. The absence of interior photos strongly implies that the kitchen and bathroom conditions are likely very poor and require significant modernization and repair, consistent with a property needing major updates to be comfortable and safe.
Pros & Cons
Pros
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 = 10500, living area = 1152.
Expansive Lot Size: The property boasts a spacious 10,500 square foot lot, providing ample room for expansion, outdoor living, RV parking, or potential future development.
Value-Add Opportunity: Described as needing 'TLC,' this home offers significant potential for buyers to customize, add value, and create their dream space, appealing to investors or DIY enthusiasts.
Strategic Location: Its ideal location near shopping centers and major freeways provides convenient access to amenities and transportation routes.
Open Floor Plan: The home features a very open floor plan with a generously sized living room and dining area, promoting a spacious and flexible living environment.
Accessible Price Point: Listed at $375,000, this property offers a relatively affordable entry into homeownership or real estate investment in the San Bernardino area, especially given its large lot.
Cons
Requires Renovation (TLC): The property explicitly states it 'needs some TLC,' indicating that significant repairs, updates, and financial investment will be required to bring it to modern standards.
Older Construction: Built in 1952, the home likely features original systems and finishes that may be outdated or nearing the end of their lifespan, potentially leading to higher maintenance or replacement costs.
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1 bathroom, the property may not accommodate larger families or those desiring more private living spaces, potentially limiting its market appeal.