
San Bernardino, California 92405
This Reimagined Vintage Craftsman Bungalow is a Strong Value Opportunity, listed at $650,000—positioned well below the $705,815 Fair Market Value by 7%. This valuation gap provides $55,815 in Instant Equity for the buyer. Boasting an Excellent Condition Rating following a comprehensive renovation, the residence features a 6-bedroom layout, designer marble bathrooms, and mountain views. With infrastructure already in place for ADU development on an oversized lot, this asset offers significant rental upside. It is an ideal match for Multi-Generational Families or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 427 Magnolia Subject | $650,000* List Price | 6 | 4 | 2,766 | $255 | - |
A 425 W 17th Sold | $630,000 | 5 | 2 | 2,202 | $286 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1912, the property has undergone a complete top-to-bottom renovation within the last 5 years. It features a modern kitchen with quartz countertops and stainless steel appliances, high-end designer bathrooms with marble tile and a freestanding tub, updated flooring, and modern systems including a tankless water heater.
This 1912 Craftsman has been completely reimagined with 2,766 sq ft of living space, featuring high-end finishes like marble-tile showers, quartz countertops, and a tankless water heater while preserving its historic charm.
The oversized 10,275 sq ft lot includes infrastructure groundwork for a sewage connection and a detached garage, offering a turnkey opportunity for ADU development or multi-income rental strategies.
With six bedrooms and four bathrooms, the property provides exceptional flexibility for large families, multi-generational living, or high-yield house hacking and individual room rentals.
Despite the modern aesthetic, the 1912 original construction may present underlying maintenance challenges or higher insurance premiums typical of homes over a century old.
Listed at $650,000 in the San Bernardino market, the property sits at a premium price point for the immediate area, which may lead to appraisal scrutiny or a narrower pool of qualified buyers.
Welcome to 427 Magnolia Ave — a reimagined vintage Craftsman Bungalow that masterfully blends historic character with modern luxury. From the moment you arrive, the classic Craftsman roofline, updated exterior siding, and bold color palette signal that this is no ordinary home. Step inside and prepare to be stopped in your tracks. Spanning 2,766 sq ft across two stories, this 6-bedroom, 4-bathroom property has been thoughtfully renovated from top to bottom while preserving the soul of its original architecture — including a stunning stained glass window on the staircase that pays homage to the home's century-old heritage. Rich hardwood-look flooring flows underfoot, dramatic black trim frames every doorway, and designer touches appear in every room. The bathrooms alone will make buyers linger. The primary suite features a spa-caliber en suite with a freestanding soaking tub, a walk-in marble-tile shower, black hexagon tile flooring, and a custom dual-sink vanity with quartz countertops and a built-in makeup station. Secondary bathrooms carry the same elevated aesthetic — wood-grain vanities, marble counters, and designer tile throughout. The opportunities outside are just as compelling. The expansive lot offers RV parking potential in the rear, a detached garage, fruit-bearing citrus trees in the back and front yard, and the infrastructure groundwork for a future sewage connection — making ADU development a very real possibility. Investors take note: the layout is ideal for individual room rentals, house hacking, or a long-term multi-income strategy. Additional highlights include a tankless water heater, mountain views visible from the drone shots, and unbeatable freeway access to both the 215 and 210. This one has to be seen in person to be fully appreciated. The photos only tell part of the story.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 98% |
| Baths | 4.0 | 2.0 | 96% |
| Square foot | 2,766 | 1,278 | 96% |
| Lot Size | 10,275 | 7,020 | 81% |
| Price | $650.0K | $485.0K | 94% |
| Price per sq ft | $235 | $370 | 4% |
| Built year | 1912 | 1942 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 171 | 2% |
Apr 29, 2026
$650,000
Initial Listing
Oct 28, 2022
$615,000
Public Record
Dec 21, 2021
$320,000
Public Record