481 20th St, San Bernardino, California 92405, San Bernardino, 92405 - 2 bed, 2 bath
ACTIVE$488,999
481 20th St, San Bernardino, California 92405
2Beds
2Baths
1,293Sqft
5,619Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property consists of two separate units, offering immediate potential for rental income or owner-occupancy with supplemental income from the second unit.
Top Cons:
Shared Water Utility: Water service is combined for both units, which could lead to the landlord being responsible for water costs or requiring a sub-metering solution for fair tenant billing.
Compared to the nearby listings
Price:$489.0K vs avg $624.5K ($-135,501)17%
Size:1,293 sqft vs avg 1,695 sqft17%
Price/sqft:$378 vs avg $34750%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this duplex is aged but appears to be maintained. The kitchen features dated wood cabinets, older white appliances (gas range), and dark patterned tile flooring. The bathroom is also very dated with light-colored wall tiles, a basic vanity, and an old strip light fixture. Heating and cooling are provided by a wall heater and window AC unit, indicating older systems. While functional, the property requires significant cosmetic updates and potential system upgrades to meet modern standards, particularly in the kitchen and bathrooms. It is livable but shows clear signs of being outdated, aligning with the 'Fair' condition criteria.
Year Built
1952
Close
-
List price
$489K
Original List price
$489K
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
IV25226826
Home ConditionFair
Features
View-
About this home
Welcome to 481 and 483 2 units, This GREAT 2 Units Duplex is in a nice neighborhood, each Unit has 1 bedroom plus a Bonus Room and 1 full bathroom, its a great started home and rent out the other unit, or add this to your rental portfolio. each has Separate Gas, separate electric, separate trash, water is together. This duplex is located near lots of stores, shopping centers, near lots of entertainment great investment property, ask for a showing today.
Condition Rating
Fair
Built in 1952, this duplex is aged but appears to be maintained. The kitchen features dated wood cabinets, older white appliances (gas range), and dark patterned tile flooring. The bathroom is also very dated with light-colored wall tiles, a basic vanity, and an old strip light fixture. Heating and cooling are provided by a wall heater and window AC unit, indicating older systems. While functional, the property requires significant cosmetic updates and potential system upgrades to meet modern standards, particularly in the kitchen and bathrooms. It is livable but shows clear signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: The property consists of two separate units, offering immediate potential for rental income or owner-occupancy with supplemental income from the second unit.
Individual Utility Metering (Partial): Each unit benefits from separate gas, electric, and trash services, simplifying tenant billing and reducing landlord overhead for these utilities.
Bonus Room Flexibility: Each unit includes a 'Bonus Room' in addition to the main bedroom, providing versatile space for an office, den, or potential additional living area.
Convenient Location: Situated in a 'nice neighborhood' with close proximity to stores, shopping centers, and entertainment, enhancing its appeal to potential tenants.
Strong Investment Opportunity: Explicitly marketed as a 'great investment property' suitable for expanding a rental portfolio, indicating clear value proposition for investors.
Cons
Shared Water Utility: Water service is combined for both units, which could lead to the landlord being responsible for water costs or requiring a sub-metering solution for fair tenant billing.
Age of Property: Built in 1952, the property is over 70 years old, which may imply older systems (plumbing, electrical, HVAC) that could require significant updates or increased maintenance.
Limited Bedroom Configuration: Each unit features only one primary bedroom (plus a bonus room), which might limit the target tenant demographic to smaller households or individuals.