
San Bernardino, California 92408
Analysis of 490 S Pershing Avenue, San Bernardino, California 92408 is currently available with a list price of $499,999. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Bernardino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1933 and currently stripped to the studs/shell, the property is unlivable with no functional kitchen, bathrooms, or systems (HVAC/Electric), essentially offering land and shell value only.
Situated on a prominent corner lot with high visibility near Mill Street, the property offers excellent exposure for potential commercial use or high-demand residential units.
The building has been stripped to the studs, providing a blank canvas for investors to restore the original four-unit layout or transition to a commercial application subject to zoning.
With a generous lot size of 8,370 sqft, the property includes significant space for on-site parking, a critical asset for both multi-family residential and commercial tenants.
The property is currently in a shell state, requiring a complete rebuild from the studs up, which entails significant capital investment and construction management.
Due to its uninhabitable condition and limited access, the property will likely require cash or hard-money financing, as it will not meet standard appraisal requirements for traditional loans.
Prime investment opportunity on a prominent corner lot near Mill Street and Pershing. This four-unit property offers exceptional upside for an investor, developer, or owner-user seeking a high-visibility location with flexible future potential. Originally configured as four individual 1-bedroom, 1-bathroom units with open living areas, the building has been taken down to the studs/shell and is ready for a complete reimagining. The property has been vacant for several years, presenting a rare opportunity to restore the original residential layout or transition to commercial use, subject to zoning, approvals, and buyer due diligence. Surrounded by residential properties on one side and commercial uses on the other, this location offers strong redevelopment potential. Ample on-site parking adds convenience for future tenants, customers, or visitors. Access is limited due to the current condition. Bring your vision and unlock the possibilities of this strategically located corner-lot property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 1.5 |
| Baths | 0.0 | 1.0 |
| Square foot | 1,800 | 524 |
| Lot Size | 8,370 | 13,042.333 |
| Price | $500.0K | $528.0K |
| Price per sq ft | $278 | $149.0K |
| Built year | 1933 | 1937 |
| HOA | $0 | $0 |
| Days on market | 22 | 235 |
Aug 18, 2026
$499,999
Initial Listing
Jun 4, 2021
$280,000
Public Record
Jul 29, 2009
$57,500
Public Record
Aug 7, 2006
$480,000
Public Record
Aug 2, 2004
$320,000
Public Record
Jun 7, 2002
$90,000
Public Record