381 W Wabash Street, San Bernardino, California 92405, San Bernardino, 92405 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$375,000
381 W Wabash Street, San Bernardino, California 92405
3Beds
2Baths
1,074Sqft
1,960Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Potential: The property offers a Jr ADU option and a bedroom with its own entrance and full bathroom, presenting a strong opportunity for additional rental income.
Top Cons:
Age of Property: Built in 1950, the home's age suggests potential for older infrastructure and systems that may require future maintenance or upgrades beyond the recent cosmetic updates.
Compared to the nearby listings
Price:$375.0K vs avg $475.0K ($-100,000)10%
Size:1,074 sqft vs avg 1,242.5 sqft31%
Price/sqft:$349 vs avg $37141%
More Insights
Built in 1950 (75 years old).
Condition: The property, built in 1950, has a 'vintage flair' with very dated kitchen and bathroom styles, featuring tile countertops and older cabinets/appliances. While the description notes recent updates like new floors, fresh paint, and a new water heater, these are primarily cosmetic and functional improvements. The core elements of the kitchen and bathrooms are significantly outdated, requiring substantial renovation to meet modern standards. However, the property appears functional and maintained, without visible significant defects affecting safety or structural integrity, thus placing it in the 'Fair' category rather than 'Poor'.
Year Built
1950
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
IV25054672
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
HUGE PRICE REDUCTION! SFR (SINGLE FAMILY RESIDENCE) 2 bed, 2 bath plus a den could be used as 3rd bedroom. Or Jr ADU-Option that could bringin additional income! Home has a vintage flair, (new floors, freshly painted interior, new water heater). big windows fill the Livingroom with light. One bedroom as its own entrances large space could be rented as studio as it has its's own full bathroom (see concept drawings). Great opportunity for investor or first time home buyer! DOWN PAYMENT ASSISTANCE AVAILABE, Low taxes, NO HOA, close to public transportation and freeways.
Condition Rating
Fair
The property, built in 1950, has a 'vintage flair' with very dated kitchen and bathroom styles, featuring tile countertops and older cabinets/appliances. While the description notes recent updates like new floors, fresh paint, and a new water heater, these are primarily cosmetic and functional improvements. The core elements of the kitchen and bathrooms are significantly outdated, requiring substantial renovation to meet modern standards. However, the property appears functional and maintained, without visible significant defects affecting safety or structural integrity, thus placing it in the 'Fair' category rather than 'Poor'.
Pros & Cons
Pros
Income-Generating Potential: The property offers a Jr ADU option and a bedroom with its own entrance and full bathroom, presenting a strong opportunity for additional rental income.
Recent Interior Updates: Key interior updates including new floors, fresh paint, and a new water heater enhance the home's appeal and reduce immediate buyer expenses.
Financial Advantages: Availability of down payment assistance, low taxes, and no HOA fees make this property particularly attractive to first-time homebuyers and budget-conscious investors.
Strategic Location: Its proximity to public transportation and freeways offers convenient commuting options and accessibility.
Price Adjustment: A recent price reduction from $385,000 to $375,000 indicates a motivated seller and potentially better value for buyers.
Cons
Age of Property: Built in 1950, the home's age suggests potential for older infrastructure and systems that may require future maintenance or upgrades beyond the recent cosmetic updates.
Limited Lot Size: With a lot size of only 1960 sqft, outdoor living space is minimal, which may be a drawback for buyers desiring a larger yard or expansion potential.
Compact Living Area: At 1074 sqft for 3 bedrooms and 2 bathrooms, the interior space may feel constrained for some buyers, especially if the den is utilized as a third bedroom.