490 S Pershing Avenue, San Bernardino, California 92408, San Bernardino, 92408 - 0 bed, 0 bath
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490 S Pershing Avenue
San Bernardino, California 92408
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
1,800Sq Ft
8,370Lot Size
Property Price
LIST PRICE$499,999
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1933 and currently stripped to the studs and shell, this property is unlivable and boarded up. With no functional kitchens, bathrooms, or systems, it is a total redevelopment project where the value is primarily in the land and potential for new construction.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Corner Location
Situated on a prominent corner lot near Mill Street, the property offers high visibility and excellent accessibility, making it an ideal site for both residential tenants and potential commercial ventures.
- Development Versatility
With a mixed-use sub-type and a history as a four-unit building, this property provides exceptional upside for investors to restore the residential layout or pivot to a commercial enterprise subject to zoning.
- Ready-to-Build Shell
The building has been stripped down to the studs, saving developers the time and labor costs of interior demolition while providing a clean slate for modern infrastructure, floor plans, and finishes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1848.
- Extensive Capital Expenditure
As the property is currently a shell and has been vacant for years, it requires a total renovation of all major systems including plumbing, electrical, and HVAC, necessitating significant upfront investment.
- Limited Immediate Utility
The current uninhabitable condition and restricted access mean the property generates no immediate cash flow and will likely face challenges securing traditional residential financing.
About 490 S Pershing Avenue
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1933
- Lot Size
- 8,370 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 | 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 | 67 | 235 |
Pricing History
Listed for Sale
Aug 18, 2026
$499,999
Initial Listing
Sold
Jun 4, 2021
$280,000
Public Record
Sold
Jul 29, 2009
$57,500
Public Record
Sold
Aug 7, 2006
$480,000
Public Record
Sold
Aug 2, 2004
$320,000
Public Record
Sold
Jun 7, 2002
$90,000
Public Record