4165 N 3rd Avenue, San Bernardino, California 92407, San Bernardino, 92407 - 6 bed, 3 bath

4165 N 3rd Avenue, San Bernardino, California 92407 home-pic-0
ACTIVE$1,049,900
4165 N 3rd Avenue, San Bernardino, California 92407
6Beds
3Baths
3,324Sqft
39,060Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Hillside Elementary School (10/10).
Top Cons:
Age of Property & Potential Infrastructure Concerns: Built in 1952, the property's age suggests that underlying infrastructure (e.g., plumbing, electrical, roofing) may require significant future maintenance or upgrades despite recent cosmetic updates to some units.

Compared to the nearby listings

Price:$1.05M vs avg $631.0K (+$418,900)75%
Size:3,324 sqft vs avg 2,502 sqft50%
Price/sqft:$316 vs avg $33450%

More Insights

Built in 1952 (73 years old).
Condition: The property, built in 1952, has received recent cosmetic updates such as fresh paint and wood laminate flooring throughout all units, making it move-in ready. The primary unit's kitchen is described as having 'newer kitchen cabinets' and 'Quartz countertop,' and one bathroom (Image 6) appears recently updated with a modern vanity and fixtures. However, the kitchen shown in Image 8 (likely one of the secondary units) features older, light wood cabinets and outdated white tile countertops, despite having newer black stainless steel appliances. The primary unit's living room (Image 3) retains a dated aesthetic with extensive wood paneling, wood beam cathedral ceilings, and an older stone fireplace. While functional, these elements, along with older light fixtures and windows, indicate that the property has not undergone a full, modern renovation. The age of the property (1952) also suggests potential underlying infrastructure concerns not addressed by the cosmetic updates. Overall, it's maintained and livable but shows clear signs of being outdated in several key areas, aligning with the 'Fair' condition criteria.
Year Built
1952
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
$316
HOA
-
Days on market
-
Sold On
-
MLS number
CV24200041
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Breaking News! Don’t let this rare Investment opportunity to acquire these three-homes on almost full acre property!! Plenty of room on the back lot to sub-divide, potential access off West Merose Drive and build 4 more units/or homes. The primary unit has been updated with newer kitchen cabinets, Quartz countertop, wood laminate flooring throughout, freshly painted interior, front yard completed with rock scape and much more! Primary home features an amazing bonus room with cathedral ceilings wood beams, wood burning fireplace large windows with lovely view to the mountains, glass slider for easy access to backyard, the kitchen truly gives you a country feeling offering a nook area, garden window and laundry room adjacent, spacious living room. Three spacious bedrooms. The second unit is a cute estimated 918 sqft with 2 bedrooms, 1 full bathroom, family room, nook area, spacious kitchen, update kitchen cabinet’s, wood laminate throughout, one car garage, and fenced backyard. The third home is estimated 670sqft. Features a family room, nook area, full kitchen, one bedroom, one bathroom, wood laminate throughout. Far back of lot with endless possibilities such as subdivide and build units, but there is more! Additional structure behind primary home with wood laminate flooring great for hobby space or home office that is currently rented with primary unit. Separate property addresses, one water main for all three units, individual electric and gas meters. Walking distance to Newmark Elementary, Shopping centers, and short drive to CA State University of San Bernardino.

Nearby schools

4/10
Newmark Elementary School
Public,K-60.1mi
5/10
Little Mountain Elementary
Public,K-60.7mi
10/10
Hillside Elementary School
Public,K-60.8mi
3/10
Shandin Hills Middle School
Public,6-80.8mi
5/10
Cajon High School
Public,9-120.5mi
Condition Rating
Fair

The property, built in 1952, has received recent cosmetic updates such as fresh paint and wood laminate flooring throughout all units, making it move-in ready. The primary unit's kitchen is described as having 'newer kitchen cabinets' and 'Quartz countertop,' and one bathroom (Image 6) appears recently updated with a modern vanity and fixtures. However, the kitchen shown in Image 8 (likely one of the secondary units) features older, light wood cabinets and outdated white tile countertops, despite having newer black stainless steel appliances. The primary unit's living room (Image 3) retains a dated aesthetic with extensive wood paneling, wood beam cathedral ceilings, and an older stone fireplace. While functional, these elements, along with older light fixtures and windows, indicate that the property has not undergone a full, modern renovation. The age of the property (1952) also suggests potential underlying infrastructure concerns not addressed by the cosmetic updates. Overall, it's maintained and livable but shows clear signs of being outdated in several key areas, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Hillside Elementary School (10/10).
Significant Investment & Development Potential: This property is a rare investment opportunity featuring three existing homes on an almost full acre lot, with explicit potential to subdivide and build 4 or more additional units/homes, offering substantial future value and income growth.
Multiple Income-Generating Units: Comprising three distinct residential units plus an additional rentable structure, the property provides immediate and diversified rental income streams, appealing to investors or multi-generational families.
Recent Updates & Modern Finishes: The primary unit has been updated with newer kitchen cabinets, Quartz countertops, wood laminate flooring, and fresh paint, while the second unit also features updated kitchen cabinets and wood laminate, enhancing tenant appeal and reducing immediate renovation needs.
Desirable Mountain Views: The primary home boasts large windows offering lovely views of the mountains, adding aesthetic appeal and a desirable living environment.
Convenient Location & Amenities: The property is within walking distance to Newmark Elementary and shopping centers, and a short drive to CA State University of San Bernardino, providing excellent accessibility for residents.

Cons

Age of Property & Potential Infrastructure Concerns: Built in 1952, the property's age suggests that underlying infrastructure (e.g., plumbing, electrical, roofing) may require significant future maintenance or upgrades despite recent cosmetic updates to some units.
Shared Water Main: While electric and gas meters are individual, the presence of only one water main for all three units could complicate utility billing, cost allocation among tenants, or lead to shared service disruptions.
Uncertainty of Subdivision Potential: The advertised 'potential' to subdivide and build additional units requires extensive due diligence, zoning approvals, and significant capital investment, which are not guaranteed and introduce an element of risk and complexity.

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