7755 Merito Avenue, San Bernardino, California 92410, San Bernardino, 92410 - 3 bed, 1 bath
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San Bernardino, California 92410
This Value-Add Residential Asset is a Prime Investment Opportunity, listed at $349,900—positioned well below the $363,229 Fair Market Value by 3%. This valuation gap provides $13,329 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant forced appreciation potential through the modernization of its original 1957 interiors. The expansive 7,345 sq ft lot provides high utilization for potential expansion or an ADU, complemented by mountain views and proximity to San Bernardino City Unified schools. This acquisition is ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7755 Merito Avenue Subject | $349,900* List Price | 3 | 1 | 908 | $400 | - |
A 7705 Rogers Lane Sold | $420,000 | 3 | 1 | 1,041 | $403 | 0.4 mi |
B 25015 Union Street Active | $380,000 List Price | 3 | 1 | 933 | $407 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, this property is significantly dated, with the listing explicitly stating the kitchen and bathroom retain original character and are ready for updating. While the home features functional tile flooring and some newer stainless steel appliances, the overall age and lack of recent major renovations (over 20 years) place it in the fair category, requiring modernization and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7345, living area = 908.
As a property retaining its original character, it presents a prime opportunity for investors or owner-occupants to build equity through strategic renovations and modernization.
The generous 7,345 sq ft lot includes a large backyard with mature trees and a detached storage structure, offering ample room for ADU potential, expansion, or customized landscaping.
At just 908 sq ft for a 3-bedroom configuration, the living spaces are compact, and the single-bathroom layout may be a drawback for modern family needs.
The kitchen and bathroom are in original condition and require immediate updating, which will necessitate additional upfront capital investment from the buyer.
Charming 3-bedroom, 1-bath single-story home offering 908 sq ft of living space in an established San Bernardino neighborhood. The property features a 2-car garage, spacious driveway, and a fully fenced front yard for added privacy. Inside, the home offers a functional layout with tile flooring throughout, a cozy living room with fireplace, and a kitchen with ample cabinet space and natural light. The kitchen and bathroom retain their original character and are ready for updating. The home sits on a good-sized lot with a generously sized backyard featuring mature trees, patio space, and a detached storage structure. Ideal for outdoor use, expansion, or customization. Great potential for investors or owner-occupants looking to renovate and add value. Conveniently located near schools, shopping, and major commuter routes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 908 | 1,215 | 13% |
| Lot Size | 7,345 | 7,232 | 59% |
| Price | $349.9K | $489.0K | 10% |
| Price per sq ft | $385 | $385 | 50% |
| Built year | 1957 | 1956 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 196 | 2% |
Apr 18, 2026
$349,900
Initial Listing
Sep 25, 2015
$175,000
Public Record
Jul 29, 2011
$68,000
Public Record
Oct 19, 2005
$260,000
Public Record
Dec 30, 2002
$87,000
Public Record