7006 Elm, San Bernardino, California 92404, San Bernardino, 92404 - 4 bed, 2 bath
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7006 Elm
San Bernardino, California 92404
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,300Sq Ft
8,591Lot Size
Property Price
LIST PRICE$509,900
EST. MARKET VALUE
$498,530
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $524,900—positioned well above the $504,628 Fair Market Value by 4%. While the price reflects a premium, the 8,591 sq. ft. lot provides significant ADU potential and development upside. With a Condition Rating of 4, the home requires modernization to reach its full value. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage the expansive lot for long-term equity growth through strategic renovations and accessory dwelling unit expansion.
Estimated Market Value
$498,530
Based on Realkey algorithm analyzing recent comparable sales in San Bernardino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7006 Elm Subject | $509,900* List Price | 4 | 2 | 1,300 | $383 | - |
A 25144 19th Sold | $420,000 | 3 | 1 | 1,226 | $343 | 0.7 mi |
B 6647 Merito Sold | $430,000 | 4 | 2 | 1,248 | $345 | 0.5 mi |
C 1622 Mckinley Street Sold | $539,900 | 4 | 2 | 1,457 | $371 | 0.5 mi |
D 7250 Del Rosa Avenue Sold | $460,000 | 3 | 1 | 995 | $462 | 0.4 mi |
E 6757 Del Rosa Active | $468,000 List Price | 3 | 2 | 1,257 | $372 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1954, this 70-year-old home is significantly past the 20-year threshold for dated properties. While the description mentions an 'open kitchen' suggesting some interior updates, the exterior photos show dated T1-11 siding, cracked concrete in the patio area, and a lack of modern landscaping. The age of the structure and visible wear indicate the property likely requires updates to major systems and cosmetic refreshments to meet modern standards.
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 = 8591, living area = 1300.
- Development Potential
The expansive 8,591 sq. ft. lot offers significant ADU potential, providing an excellent opportunity for rental income or multi-generational living.
- Functional Family Layout
Featuring 4 bedrooms and 2 bathrooms including a primary suite, the home provides a highly efficient and desirable configuration for larger families.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1954, the property may require modern updates to its original systems and finishes to meet current energy efficiency and aesthetic standards.
- Lack of Scenic Views
The property lacks any significant views, which may be a drawback for buyers looking for the aesthetic appeal common in certain North San Bernardino neighborhoods.
About 7006 Elm
Charming North San Bernardino family home, This beautiful property offers 4 bedrooms and 2 bathrooms, including a primary suite. Features include an open kitchen, separate dining room, dedicated laundry room, detached two-car garage, and an expansive 8,591 sq. ft. lot with excellent ADU potential. The spacious backyard is perfect for entertaining, relaxing, and enjoying the California sunshine. Conveniently located near local parks, schools, shopping centers, restaurants, and everyday amenities—plus much more!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 8,591 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,300 | 1,336.28 |
| Lot Size | 8,591 | 7,410.822 |
| Price | $509.9K | $519.7K |
| Price per sq ft | $392 | $377 |
| Built year | 1954 | 1955 |
| HOA | $0 | $121 |
| Days on market | 20 | 61 |
Pricing History
Listed for Sale
Sep 4, 2026
$509,900
$524,900
-3% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$524,900
Initial Listing
Sold
Jul 25, 2016
$255,000
Public Record