8035 Donna Drive, San Bernardino, California 92410, San Bernardino, 92410 - 3 bed, 2 bath
ACTIVE$365,000
8035 Donna Drive, San Bernardino, California 92410
3Beds
2Baths
1,366Sqft
12,750Lot
Price Vs. Estimate
The estimated value ($295,249.125) is $69,750.875 (19%) lower than the list price ($365,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 12750, living area = 1366.
Top Cons:
History of Failed Escrows: The property has been in escrow with buyers 'unable to complete the purchase,' which raises concerns about potential underlying issues, financing challenges, or undisclosed problems.
Compared to the nearby listings
Price:$365.0K vs avg $442.5K ($-77,500)20%
Size:1,366 sqft vs avg 1,267 sqft61%
Price/sqft:$267 vs avg $36011%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is being sold 'as-is' and has a history of failed escrows, strongly indicating significant underlying issues and a need for substantial repairs and rehabilitation. While occupied by tenants, the lack of interior photos, especially for the kitchen and bathrooms, combined with the age and sale conditions, suggests these areas are likely original or very outdated and require major renovation. The exterior image also shows signs of age and potential deferred maintenance. The property's value appears to be heavily tied to its redevelopment potential rather than its current structural or aesthetic condition.
Year Built
1950
Close
-
List price
$365K
Original List price
$401K
Price/Sqft
$267
HOA
-
Days on market
-
Sold On
-
MLS number
PW23202666
Home ConditionPoor
Features
ViewNeighborhood
About this home
Amazing opportunity for the saavy investor. This property has been in escrow with buyers being unable to complete the purchase. This property sits just northeast of the San Bernardino Airport. Buyer to contact city with any redevelopment and zoning questions. Priced for quick as-is sale. Property comes with good month to month tenants in place.
Condition Rating
Poor
Built in 1950, this property is being sold 'as-is' and has a history of failed escrows, strongly indicating significant underlying issues and a need for substantial repairs and rehabilitation. While occupied by tenants, the lack of interior photos, especially for the kitchen and bathrooms, combined with the age and sale conditions, suggests these areas are likely original or very outdated and require major renovation. The exterior image also shows signs of age and potential deferred maintenance. The property's value appears to be heavily tied to its redevelopment potential rather than its current structural or aesthetic condition.
Pros & Cons
Pros
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 = 12750, living area = 1366.
Investor-Ready with Income: Explicitly marketed as an 'amazing opportunity for the savvy investor' with 'good month to month tenants in place,' providing immediate rental income.
Generous Lot Size: A substantial 12,750 sqft lot offers significant potential for property expansion, outdoor amenities, or future development.
Significant Price Reduction: The property has seen a considerable price reduction from an original list price of $401,000 to $365,000, indicating a motivated seller and potential for a competitive purchase.
Redevelopment Potential: The description encourages buyers to inquire about 'redevelopment and zoning questions,' suggesting potential for higher and better use of the large lot.
Motivated Seller for Quick Sale: Being 'priced for quick as-is sale' signals a seller eager to close, which can be advantageous for a decisive buyer looking for a swift transaction.
Cons
History of Failed Escrows: The property has been in escrow with buyers 'unable to complete the purchase,' which raises concerns about potential underlying issues, financing challenges, or undisclosed problems.
As-Is Sale Condition: Sold 'as-is,' the buyer assumes full responsibility for any necessary repairs, renovations, or deferred maintenance, potentially leading to significant unexpected costs.
Airport Proximity & Noise: Located 'just northeast of the San Bernardino Airport,' the property is likely subject to aircraft noise, which can negatively impact residential quality of life and resale value.