
San Bernardino, California 92404
This duplex presents a Strong Value Opportunity with a List Price of $649,900—positioned slightly above the $617,281 Fair Market Value. While the property requires modernization given its Condition Rating of 4, it offers immediate cash flow through a stable tenant. The 2,015 square foot layout and 7,566-square-foot lot provide long-term potential for value-add renovations. With distant mountain views and a functional deck, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3814 Ferndale Avenue Subject 0 bd · 0 ba · 2,015 sqft · $306 | $649,900* List Price | 0 | 0 | 2,015 | $306 | - |
A 3834 Ferndale Sold 0 bd · 0 ba · 2,015 sqft · $322 · 0.0 mi | $649,000 | 0 | 0 | 2,015 | $322 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965 (59 years old), the property exceeds the 20-year threshold for original systems. While it appears functional and features some updates like vinyl windows, the lack of mentioned renovations to kitchens or baths and the presence of an older roof-mounted HVAC unit suggest the property is dated and requires modernization.
The property provides immediate cash flow with one unit already tenant-occupied, generating $2,300 per month in stable rental income.
Featuring two distinct units on separate floors, the layout offers excellent privacy for tenants and flexibility for investors or owner-occupants.
Situated near local schools, shopping, and major roadways, the property is well-positioned to attract long-term tenants in a convenient San Bernardino neighborhood.
The current lease does not expire until August 2027, which limits the buyer's ability to adjust rents to market rates or occupy the unit in the near future.
The listing necessitates independent verification of all property details, including square footage and unit configurations, placing a higher due diligence burden on the buyer.
Duplex investment opportunity in San Bernardino! Offered at $649,900, this two-story residential income property features two separate units: 3814 Ferndale Avenue on the ground floor and 3818 Ferndale Avenue upstairs. The property offers approximately 2,015 square feet of building area on a 7,566-square-foot lot, providing an opportunity for investors seeking an income-producing property. One unit is currently tenant-occupied, generating $2,300 per month in rental income ($27,600 annually), with the current lease scheduled to expire on August 31, 2027. The property offers potential for continued rental income and future investment opportunities, subject to existing lease terms and applicable tenant rights. Conveniently located near local shopping, schools, and major roadways. Buyer and buyer's agent to independently verify all property information, including square footage, unit configurations, rental income, lease terms, and occupancy status.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 2,015 | 1,871.438 |
| Lot Size | 7,566 | 7,757.938 |
| Price | $649.9K | $669.3K |
| Price per sq ft | $323 | $318 |
| Built year | 1965 | 1948 |
| HOA | $0 | $0 |
| Days on market | 11 | 63 |
Oct 13, 2026
$649,900
Initial Listing
Jun 23, 2022
$525,000
Public Record
Sep 30, 2015
$230,000
Public Record