7848 Elm Street, San Bernardino, California 92410, San Bernardino, 92410 - 4 bed, 2 bath
ACTIVE$740,000
7848 Elm Street, San Bernardino, California 92410
4Beds
2Baths
2,323Sqft
9,450Lot
Price Vs. Estimate
The estimated value ($606,814.97) is $133,185.03 (17%) lower than the list price ($740,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Income Potential: The property is explicitly marketed as a 'multi-generational set-up' with the option to 'Live in 1, Rent 2 or Rent All 3!', offering significant potential for rental income or flexible living arrangements.
Top Cons:
Age of Property: Built in 1945, the property may require updates to systems (electrical, plumbing, HVAC) and general maintenance to meet modern standards and energy efficiency expectations.
Compared to the nearby listings
Price:$740.0K vs avg $452.5K (+$287,500)97%
Size:2,323 sqft vs avg 1,267 sqft97%
Price/sqft:$319 vs avg $36030%
More Insights
Built in 1945 (80 years old).
Condition: Built in 1945, this property shows a mix of maintenance and dated features. While some areas have received cosmetic updates, such as newer laminate flooring and a modern bathroom vanity, the kitchens feature older cabinets and appliances (white in the main kitchen, basic in the kitchenette), and the bathrooms retain dated wall tiles and light fixtures. The presence of a window AC unit suggests an outdated cooling system. The home is functional and appears well-maintained, but requires minor updates to modernize its aesthetics and systems, aligning with the 'Fair' condition criteria.
Year Built
1945
Close
-
List price
$740K
Original List price
$780
Price/Sqft
$319
HOA
-
Days on market
-
Sold On
-
MLS number
219133489DA
Home ConditionFair
Features
Patio
View-
About this home
This is the perfect multi-generational set-up. *** Live in 1, Rent 2 or Rent All 3!*** Mother-in-law quarters? College Student Studio? or just an extra income producer. This is the home for you! Charming one-story home with total 1694 total square feet, 4 bedrooms, 2 bathrooms main house with indoor laundry. Separate Casita 468 square feet, its OWN backyard! With 1 spacious bedroom and 1 full bathroom, nice sized living room, with kitchen! Mother-in-Law quarters has its own entrance, 1 bedroom, 1 bathroom and even its own kitchenette. Two laundry areas one in main house, another in garage. Can be used by Casita occupants! That's not all this house has to offer. There's a large two car garage, covered carport, and plenty of parking in driveway and on street! Do not miss out on this perfect opportunity!
Condition Rating
Fair
Built in 1945, this property shows a mix of maintenance and dated features. While some areas have received cosmetic updates, such as newer laminate flooring and a modern bathroom vanity, the kitchens feature older cabinets and appliances (white in the main kitchen, basic in the kitchenette), and the bathrooms retain dated wall tiles and light fixtures. The presence of a window AC unit suggests an outdated cooling system. The home is functional and appears well-maintained, but requires minor updates to modernize its aesthetics and systems, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Exceptional Income Potential: The property is explicitly marketed as a 'multi-generational set-up' with the option to 'Live in 1, Rent 2 or Rent All 3!', offering significant potential for rental income or flexible living arrangements.
Multiple Dwelling Units: Features a main house (4 beds, 2 baths), a separate Casita (1 bed, 1 bath, kitchen, own backyard), and a Mother-in-Law quarters (1 bed, 1 bath, kitchenette, own entrance), providing versatile living options.
Ample Parking: Includes a large two-car garage, a covered carport, and extensive driveway and street parking, which is highly valuable for a multi-unit property.
Generous Lot Size: A substantial 9450 sqft lot accommodates the multiple structures, separate backyards, and ample parking, enhancing privacy and utility.
Convenient Laundry Facilities: Two separate laundry areas (one in the main house, another in the garage for Casita occupants) add significant convenience for multiple residents.
Cons
Age of Property: Built in 1945, the property may require updates to systems (electrical, plumbing, HVAC) and general maintenance to meet modern standards and energy efficiency expectations.
Ambiguous Square Footage: The description states the main house is 1694 sqft, while the total listed square footage is 2323 sqft. This discrepancy could lead to buyer questions regarding permitted additions or the exact size breakdown of each unit.
Lack of Specific Unit Condition Details: While the property offers multiple units, the description does not detail the current condition or recent updates of the Casita or Mother-in-Law quarters, which may imply potential renovation costs for optimal rental appeal.