648 N Crescent Avenue, San Bernardino, California 92410, San Bernardino, 92410 - bed, bath
ACTIVE$649,900
648 N Crescent Avenue, San Bernardino, California 92410
0Bed
0Bath
2,400Sqft
6,669Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Established Income Stream: All units are currently rented out, providing immediate and consistent cash flow for an investor from day one.
Top Cons:
Age of Property: Built in 1963, the property is over 60 years old, suggesting potential for aging infrastructure (e.g., plumbing, electrical, HVAC) that may require future upgrades or maintenance.
Compared to the nearby listings
Price:$649.9K vs avg $610.0K (+$39,900)85%
Size:2,400 sqft vs avg 1,792 sqft85%
Price/sqft:$271 vs avg $32631%
More Insights
Built in 1963 (62 years old).
Condition: Built in 1963, this property shows its age despite some updates. While it benefits from a new roof and an updated bathroom with modern vanity and tile, the kitchen is very basic, dated, and notably lacks essential appliances. The overall interior, beyond the bathroom, appears functional but not recently renovated to modern standards, and there's no mention of a cooling system. This indicates a property that is maintained for rental purposes but requires significant updates, especially in the kitchen, to improve its overall condition and appeal.
Year Built
1963
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$271
HOA
-
Days on market
-
Sold On
-
MLS number
CV25269679
Home ConditionFair
Features
View-
About this home
Great Investment Property in the City of San Bernardino! Triplex... 2 bedrooms and 1 bathroom Each Unit with Tile Flooring, Washer Hook Ups, One Car Garage for Each Unit, New Roof, All Units Rented Out, Conveniently Located with to Easy Access to Freeways!
Price History
Date
Event
Price
03/19/97
Sold
$48,000
08/31/16
Sold
$320,000
06/06/13
Sold
$120,000
03/06/02
Sold
$128,000
Condition Rating
Fair
Built in 1963, this property shows its age despite some updates. While it benefits from a new roof and an updated bathroom with modern vanity and tile, the kitchen is very basic, dated, and notably lacks essential appliances. The overall interior, beyond the bathroom, appears functional but not recently renovated to modern standards, and there's no mention of a cooling system. This indicates a property that is maintained for rental purposes but requires significant updates, especially in the kitchen, to improve its overall condition and appeal.
Pros & Cons
Pros
Established Income Stream: All units are currently rented out, providing immediate and consistent cash flow for an investor from day one.
Recent Major Capital Improvement: The property boasts a new roof, significantly reducing a major potential capital expenditure for the new owner in the near future.
Tenant-Friendly Amenities: Each unit includes desirable features such as tile flooring, washer hook-ups, and a dedicated one-car garage, enhancing tenant appeal and retention.
Strategic Location: The property is conveniently located with easy access to freeways, which is attractive to tenants and supports consistent occupancy.
Multi-Unit Investment: As a triplex, the property offers diversified income streams and potentially higher returns compared to single-family residential investments.
Cons
Age of Property: Built in 1963, the property is over 60 years old, suggesting potential for aging infrastructure (e.g., plumbing, electrical, HVAC) that may require future upgrades or maintenance.
Limited Interior Updates Detail: Beyond tile flooring, the description lacks specific details on the condition or recent updates of other critical interior components like kitchens, bathrooms, or appliances, which could imply future renovation needs.
Lack of Cooling System: There is no mention of an air conditioning system, which could be a significant drawback for tenant comfort and marketability, especially in San Bernardino's climate.