8035 Tippecanoe Avenue, San Bernardino, California 92410, San Bernardino, 92410 - 2 bed, 1 bath
ACTIVE$399,999
8035 Tippecanoe Avenue, San Bernardino, California 92410
2Beds
1Bath
728Sqft
20,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Commercial Zoning & Flexibility: The property is explicitly zoned for Commercial Business use, offering exceptional flexibility for various ventures and maximizing its potential value beyond a typical residential property.
Top Cons:
Small Existing Structure: The current 728 sqft structure is quite small, especially given the large lot size, which may necessitate significant investment for expansion, renovation, or even a complete rebuild to fully capitalize on the commercial zoning.
Compared to the nearby listings
Price:$400.0K vs avg $625.0K ($-225,000.5)50%
Size:728 sqft vs avg 1,905 sqft50%
Price/sqft:$549 vs avg $41350%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property shows no evidence of major renovations in the past 50 years. The kitchen and bathroom are extremely outdated with original or very old fixtures, cabinets, and appliances, indicating significant wear and functional obsolescence. The overall condition, both interior and exterior, suggests extensive neglect and a need for complete rehabilitation or demolition, aligning with the criteria for a 'tear-down' where the value is primarily in the land and its commercial zoning.
Year Built
1952
Close
-
List price
$400K
Original List price
$430K
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
CV25114908
Home ConditionTear down
Features
Pool
Patio
View-
About this home
Great Business Opportunity! This 2-bedroom, 1-bath home sits on half an acre of land, offering the perfect chance to live in or establish your business. The property is zoned for Commercial Business use, providing flexibility for various ventures. Don't miss out on this unique opportunity!
Condition Rating
Tear down
Built in 1952, this property shows no evidence of major renovations in the past 50 years. The kitchen and bathroom are extremely outdated with original or very old fixtures, cabinets, and appliances, indicating significant wear and functional obsolescence. The overall condition, both interior and exterior, suggests extensive neglect and a need for complete rehabilitation or demolition, aligning with the criteria for a 'tear-down' where the value is primarily in the land and its commercial zoning.
Pros & Cons
Pros
Commercial Zoning & Flexibility: The property is explicitly zoned for Commercial Business use, offering exceptional flexibility for various ventures and maximizing its potential value beyond a typical residential property.
Generous Lot Size: Sitting on a substantial half-acre (20,000 sqft) lot, this property provides ample space for expansion, parking, outdoor operations, or future development, a significant asset for commercial use.
Mixed-Use Potential: Classified as 'Residential' with a 'Mixed Use' sub-type, it presents a unique opportunity for owner-operators to live and work on the same premises, or for investors to explore diverse income streams.
Strategic Business Opportunity: Positioned as a 'Great Business Opportunity,' the property is marketed directly to entrepreneurs and investors seeking a versatile location for establishing or expanding a business.
Recent Price Adjustment: A recent price reduction from $430,000 to $399,999 indicates a more competitive market offering and potential for a motivated seller, making it an attractive prospect for buyers.
Cons
Small Existing Structure: The current 728 sqft structure is quite small, especially given the large lot size, which may necessitate significant investment for expansion, renovation, or even a complete rebuild to fully capitalize on the commercial zoning.
Property Age & Condition: Built in 1952, the property is over 70 years old, suggesting potential for outdated systems, deferred maintenance, and the need for substantial upgrades to meet modern commercial or residential standards and codes.
Limited Residential Appeal: While offering 2 beds and 1 bath, the small square footage and primary focus on business opportunity suggest the existing residential unit may have limited appeal or functionality for those seeking a comfortable, modern home, potentially narrowing the buyer pool to owner-operators.