603 San Jacinto, San Bernardino, California 92408, San Bernardino, 92408 - 2 bed, 1 bath
ACTIVE$950,000
603 San Jacinto, San Bernardino, California 92408
2Beds
1Bath
1,128Sqft
39,000Lot
Price Vs. Estimate
The estimated value ($908,352.98) is $41,647.02 (4%) lower than the list price ($950,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 39000, living area = 1128.
Top Cons:
Age of Existing Structure: The existing house was built in 1939, suggesting potential for significant deferred maintenance or the need for demolition, adding to development costs.
Compared to the nearby listings
Price:$950.0K vs avg $505.0K (+$445,000)95%
Size:1,128 sqft vs avg 1,213.5 sqft45%
Price/sqft:$842 vs avg $38295%
More Insights
Built in 1939 (86 years old).
Condition: The property was built in 1939, making it 85 years old. The listing description explicitly refers to the existing house as a 'bonus house' for 'immediate rental income or office space while you plan your future development,' indicating its temporary nature and that the primary value is in the land for redevelopment. The property analysis further highlights the 'Age of Existing Structure' and suggests 'the need for demolition.' There are no interior images, particularly of the kitchen or bathrooms, which strongly implies these areas are in very poor, outdated, or unpresentable condition, consistent with a structure that is considered a tear-down where the value is solely based on the land.
Year Built
1939
Close
-
List price
$950K
Original List price
$1.1M
Price/Sqft
$842
HOA
-
Days on market
-
Sold On
-
MLS number
IG25237809
Home ConditionTear down
Features
View-
About this home
Attention investors, developers, and visionaries — don’t miss this rare chance to secure two lots for one unbeatable price in a fast-growing commercial and light industrial area brimming with opportunity. With a combined total of 39,000 sq. ft., this expansive property offers the space, flexibility, and zoning potential to bring nearly any project to life — from warehouses and distribution hubs to mixed-use developments or long-term investment holds. The property also includes a bonus house on-site, providing immediate rental income or office space while you plan your future development. This is a strategic growth opportunity in a location that’s rapidly evolving, making it the perfect time to invest and capitalize on future appreciation. Properties like this are rare — act now before it’s gone!
Condition Rating
Tear down
The property was built in 1939, making it 85 years old. The listing description explicitly refers to the existing house as a 'bonus house' for 'immediate rental income or office space while you plan your future development,' indicating its temporary nature and that the primary value is in the land for redevelopment. The property analysis further highlights the 'Age of Existing Structure' and suggests 'the need for demolition.' There are no interior images, particularly of the kitchen or bathrooms, which strongly implies these areas are in very poor, outdated, or unpresentable condition, consistent with a structure that is considered a tear-down where the value is solely based on the land.
Pros & Cons
Pros
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 = 39000, living area = 1128.
Expansive Development Land: The property comprises two lots totaling 39,000 sq ft, offering substantial space for large-scale development projects.
Strategic Commercial/Industrial Location: Situated in a fast-growing commercial and light industrial area, providing flexible zoning potential for various business ventures.
Immediate Income Potential: Includes a bonus house on-site, capable of generating immediate rental income or serving as office space during development planning.
High Investment Appreciation Potential: Located in a rapidly evolving area, positioning the property for significant future appreciation and capital gains.
Versatile Project Suitability: The property's size and location make it suitable for a wide range of uses, including warehouses, distribution hubs, or mixed-use developments.
Cons
Age of Existing Structure: The existing house was built in 1939, suggesting potential for significant deferred maintenance or the need for demolition, adding to development costs.
Residential Listing in Commercial Area: Despite its commercial/industrial potential, the property is listed as a 'Single Family Residence,' which may necessitate a change of use or rezoning process for commercial development.
Recent Price Reduction: A significant price drop from $1.1 million to $950,000 indicates potential overpricing at the initial listing or market resistance, which could warrant further investigation into its true market value.