381 W Wabash Street, San Bernardino, California 92405, San Bernardino, 92405 - 3 bed, 2 bath
381 W Wabash Street
San Bernardino, California 92405
Property Price
SUMMARY
Analysis of 381 W Wabash Street, San Bernardino, California 92405 is currently available with a list price of $375,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Bernardino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1950, the property has undergone recent cosmetic refreshments including new laminate flooring and fresh interior paint. While move-in ready, the kitchen and bathrooms retain older styles with dated tile countertops and cabinetry, and the appliances are basic/older models. It represents a well-maintained aged home with surface-level updates rather than a comprehensive modern renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property features a Junior ADU option and a bedroom with a private entrance, offering excellent opportunities for rental income or multi-generational living to offset mortgage costs.
- Recent Interior Updates
Recent improvements including new flooring, fresh interior paint, and a new water heater provide a move-in-ready environment and reduce immediate maintenance needs for the buyer.
- Financial Accessibility
With no HOA fees, low property taxes, and eligibility for down payment assistance programs, this home represents a highly affordable entry point into the California real estate market.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
The lot size of 1,960 square feet is quite restrictive for a single-family residence, offering very little outdoor space for gardening, pets, or future structural expansions.
- Aging Infrastructure
Built in 1950, the property may have underlying mid-century systems that require modernization beyond the recent cosmetic updates to ensure long-term reliability.
About 381 W Wabash Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 1,960 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,074 | 1,202 | 29% |
| Lot Size | 1,960 | 7,040 | 1% |
| Price | $375.0K | $479.0K | 8% |
| Price per sq ft | $349 | $377 | 36% |
| Built year | 1950 | 1948 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 360 | 183 | 98% |
Pricing History
Listed for Sale
Feb 21, 2026
$375,000
$355,000
+6% Price Increase
Initial Listing
Price Change
Dec 30, 2025
$355,000
$375,000
-5% Price Drop
Initial Listing
Price Change
Oct 21, 2025
$375,000
$385,000
-3% Price Drop
Initial Listing
Price Change
Sep 3, 2025
$385,000
Initial Listing
Price Change
Mar 12, 2025
$375,000
Initial Listing