566 E Santa Fe Street, San Bernardino, California 92408, San Bernardino, 92408 - 2 bed, 1 bath
566 E Santa Fe Street
San Bernardino, California 92408
Property Price
SUMMARY
Analysis of 566 E Santa Fe Street, San Bernardino, California 92408 is currently available with a list price of $799,950. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1936, the property's listing explicitly states 'Value is in development' and that the existing home is 'likely requiring demolition or extensive renovation.' The exterior images show severe neglect, overgrown vegetation, and significant debris, reinforcing that the structure is beyond repair for residential use and its value lies solely in the land.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27950, living area = 660.
- Exceptional Development Potential
The property is explicitly marketed with its 'Value is in development' and described as 'ripe for development,' indicating significant potential for future projects.
- Generous Lot Size
A substantial 27,950 sqft (.642 acres) lot provides ample space and flexibility for various development opportunities, which is a rare asset in urban areas.
CONSRISKS & DEFICIENCIES
- Age and Condition of Existing Structure
Built in 1936, the existing 660 sqft home is old and small, likely requiring demolition or extensive renovation, which adds significant cost and time to any development project.
- Limited Residential Appeal
The explicit focus on 'Value is in development' suggests the existing 2-bed, 1-bath home holds minimal intrinsic value for residential living, making it unsuitable for buyers seeking a move-in ready property.
- Potential Demolition Costs
Given the property's age and the emphasis on development, the most probable path involves demolishing the existing structure, incurring additional costs and requiring specific permits.
About 566 E Santa Fe Street
Large 27,950 sqft lot (.642 acres) ripe for development. Home on property. Value is in development.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 27,950 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 660 | 1,459 | 11% |
| Lot Size | 27,950 | 7,192 | 95% |
| Price | $800.0K | $515.0K | 95% |
| Price per sq ft | $1.2K | $366 | 95% |
| Built year | 1936 | 1989 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 502 | 145 | 0% |
Pricing History
No pricing history data available.