3946 Severence, San Bernardino, California 92405, San Bernardino, 92405 - 0 bed, 0 bath
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3946 Severence
San Bernardino, California 92405
ACTIVE UNDER CONTRACT
CONDITION: POOR
0Beds
0Baths
3,634Sq Ft
12,096Lot Size
Property Price
LIST PRICE$819,900
EST. MARKET VALUE
$832,865
SUMMARY
This fourplex represents a High-Potential Investment Opportunity with a List Price of $819,900—positioned well below the $832,865 Fair Market Value by 1.5%. This valuation gap offers $12,965 in Instant Equity. Featuring a rare unit mix of one 3-bedroom and three 2-bedroom units, the property offers significant value-add potential through modernization. With a Condition Rating of 5, the asset requires capital expenditure to reach market standards. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand.
Estimated Market Value
$832,865
Based on Realkey algorithm analyzing recent comparable sales in San Bernardino.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1979 (47 years old) with no mention of recent renovations. The listing is marketed as a 'value-add' opportunity with 'upside potential,' indicating that the kitchens, bathrooms, and systems are likely original or significantly dated and require a full rehab to reach market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Unit Mix & Amenities
The property features a rare three-bedroom unit alongside three two-bedroom units, all equipped with individual one-car garages and in-unit laundry hookups, significantly increasing tenant appeal and rental versatility.
- Prime North End Location
Situated in a highly sought-after North End neighborhood near schools and shopping centers, this location ensures consistent rental demand and long-term appreciation potential.
- Significant Value-Add Potential
Marketed as a value-add opportunity with substantial upside, this fourplex allows investors to capture higher market rents through strategic renovations and management improvements.
CONSRISKS & DEFICIENCIES
- Immediate Capital Expenditure
The 'value-add' designation and pricing suggest the property requires significant upfront investment for repairs or modernization to reach its full income-producing potential.
- Aging Infrastructure
Built in 1979, the property may require updates to major systems and face higher ongoing maintenance costs compared to newer multi-family assets.
About 3946 Severence
GREAT NORTH END LOCATION, LOCATION, LOCATION! VALUE-ADD FOURPLEX INVESTMENT OPPORTUNITY! Near Shopping, Schools, One 3 BEDROOM UNIT, Three Single Level 2 BEDROOM UNITS, 1 CAR GARAGE per unit, In unit Laundry per unit, AMAZING UPSIDE POTENTIAL, priced for quick sale!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1979
- Lot Size
- 12,096 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 |
|---|---|---|
| Beds | 0.0 | 4.3 |
| Baths | 0.0 | 2.7 |
| Square foot | 3,634 | 1,871.438 |
| Lot Size | 12,096 | 7,757.938 |
| Price | $819.9K | $669.3K |
| Price per sq ft | $226 | $318 |
| Built year | 1979 | 1948 |
| HOA | $0 | $0 |
| Days on market | 18 | 63 |
Pricing History
Listed for Sale
Oct 6, 2026
$819,900
Initial Listing
Sold
Mar 22, 2012
$230,000
Public Record
Sold
Apr 4, 2008
$505,000
Public Record
Sold
Aug 4, 2006
$599,500
Public Record