566 E Santa Fe Street, San Bernardino, California 92408, San Bernardino, 92408 - 2 bed, 1 bath
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San Bernardino, California 92408
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.
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.
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.
The property is explicitly marketed with its 'Value is in development' and described as 'ripe for development,' indicating significant potential for future projects.
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.
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.
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.
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.
Large 27,950 sqft lot (.642 acres) ripe for development. Home on property. Value is in development.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 41% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 660 | 1,186.5 | 9% |
| Lot Size | 27,950 | 6,750 | 95% |
| Price | $800.0K | $495.0K | 95% |
| Price per sq ft | $1.2K | $382 | 95% |
| Built year | 1936 | 1975 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 548 | 166 | 0% |
Apr 2, 2026
$799,950
Initial Listing
Oct 21, 2024
$825,000
Initial Listing