
San Bernardino, California 92411
This Turnkey Multi-Family Asset is a Strong Value Opportunity, listed at $649,000—positioned well below the $718,796 Fair Market Value by 9%. This valuation gap delivers $69,796 in Instant Equity for the incoming owner. Boasting an Excellent Condition Rating, the property features a 2023-built front home and a fully remodeled rear unit generating $4,300 monthly rental income. With scenic Mountain Views and low maintenance costs, this duplex offers immediate cash flow and long-term stability. It is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 532 N Gardena Subject | $649,000* List Price | 0 | 0 | 1,782 | $403 | - |
A 1235 Spruce Street Sold | $580,000 | 0 | 0 | 1,292 | $449 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property features a newly constructed front unit built in 2023 and a fully remodeled rear unit, both finished to a high modern standard. The interiors boast contemporary kitchens with white shaker cabinetry, quartz countertops, and stainless steel fixtures, alongside updated bathrooms with floor-to-ceiling tiling and modern vanities. With all components being new or virtually new and no deferred maintenance, the property meets the criteria for excellent condition.
The property is a turnkey investment generating $4,300 in total monthly rent from reliable tenants, providing immediate and stable income for the new owner.
With one unit built from the ground up in 2023 and the second unit fully remodeled, the property offers modern aesthetics and significantly reduced near-term maintenance costs.
The owner benefits from a favorable expense ratio as tenants pay for their own electricity and trash, while water and landscaping costs remain consistently low.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1782, other record living area = 1181.
The property was recently sold within the past year on 2025-09-29. The sold price is $600,000.00.
Located in the 92411 zip code of San Bernardino, the property may face slower long-term capital appreciation compared to more affluent neighboring Inland Empire submarkets.
Excellent opportunity to own a turnkey income property featuring 2 homes on 1 lot in San Bernardino, delivering immediate cash flow with strong market rents already in place. The front unit is a newly constructed home, built from the ground up approximately one year ago, with no expense spared in its design and construction. It was thoughtfully planned with quality finishes, modern layout, and attention to detail throughout, offering the feel and function of a true new build. The rear unit has been fully remodeled, bringing it up to the same standard of condition, making both homes feel like new and exceptionally well maintained. Current rental income: Front unit: $2,500/month Rear unit: $1,800/month The property reflects true pride of ownership, with all maintenance and repairs consistently addressed. Tenants are excellent and reliable, with a strong history of on-time payments. Operating expenses remain low, with water averaging approximately $150 to $170 per month and gardener at $110 per month. Tenants pay their own electricity and trash. This is a rare opportunity to acquire a low-maintenance, fully upgraded investment property with stable income, featuring a newly built home and a fully remodeled second home on the same lot!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 1,782 | 1,566 | 50% |
| Lot Size | 7,000 | 6,932 | 50% |
| Price | $649.0K | $560.0K | 75% |
| Price per sq ft | $364 | $382 | 50% |
| Built year | 2023 | 1942 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 232 | 25% |
Apr 14, 2026
$649,000
Initial Listing
Sep 29, 2025
$600,000
Public Record
Feb 22, 2021
$230,000
Public Record
Oct 16, 2017
$139,000
Public Record
Dec 30, 2009
$72,500
Public Record
Dec 8, 2006
$360,000
Public Record
Apr 4, 2002
$54,500
Public Record
Sep 9, 1998
$40,000
Public Record