654 W Olive, San Bernardino, California 92410, San Bernardino, 92410 - 2 bed, 1 bath
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San Bernardino, California 92410
This property presents a High-Potential Investment Opportunity with a List Price of $329,900—positioned well below the $313,621 Fair Market Value by -5%. While the home carries a Condition Rating of 5, the 5,600 sq ft lot and detached garage provide a blank canvas for significant value-add renovations. The efficient 652 sq ft layout is ideal for maximizing rental yield or building equity through strategic upgrades. This asset is a prime acquisition for Buy-and-Hold Investors or first-time buyers seeking a project with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 654 W Olive Subject | $329,900* List Price | 2 | 1 | 652 | $481 | - |
A 188 E Temple Street Sold | $360,000 | 2 | 1 | 768 | $469 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 with no evidence of recent renovations, the property is described as a 'blank canvas' needing 'TLC.' The bathroom features a severely dated and worn surround, and the overall age and description suggest that major systems and interiors require a full rehab.
The property sits on a substantial 5,600 sq ft lot featuring a huge backyard, front yard, and a long driveway with a detached garage, offering ample space for outdoor living or potential ADU expansion.
Marketed as a 'blank canvas' and available for the first time in over a decade, this home presents a prime opportunity for investors or first-time buyers to build significant equity through renovation.
Despite its compact footprint, the 2-bedroom floor plan is well-distributed and designed to feel spacious, maximizing the utility of every square foot for a functional living experience.
The property is explicitly noted as needing repairs and updates, which will require the buyer to have additional capital and resources ready for immediate improvements after purchase.
At only 652 square feet, the interior living space is quite small for a two-bedroom home, which may be a constraint for buyers with more furniture or those seeking larger communal areas.
UNIQUE OPPORTUNITY !! FOR THE FIRST TIME IN 10+ YEARS, THIS 2 BEDROOMS, 1 BATH HOME ON A 5,600 sq ft LOT IS ON THE MARKET !! IN NEED OF SOME TLC - AT 652 SQ FT, IT IS WELL LAID OUT AND FEELS SPACIOUS. HOME FEATURES A HUGE BACKYARD, FRONT YARD, AND A LONG DRIVEWAY FOR MULTIPLE VEHICLES. PLUS AN INDEPENDENT GARAGE. PERFECT FOR FIRST TIME BUYERS OR INVESTORS ALIKE - DEFINITELY A BLANK CANVAS FOR YOU TO CREATE YOUR VERY OWN SPACE AND HOME. ALL MEASUREMENTS HAVE BEEN TAKEN FROM PUBLIC RECORDS BROKERS/AGENT TO DUE YOUR OWN DILIGENCE -
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 37% |
| Square foot | 652 | 1,161.5 | 4% |
| Lot Size | 5,600 | 7,252.5 | 8% |
| Price | $329.9K | $478.0K | 6% |
| Price per sq ft | $506 | $400 | 88% |
| Built year | 1926 | 1954 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 212 | 2% |
May 30, 2026
$329,900
Initial Listing