833 S Waterman Avenue, San Bernardino, California 92408, San Bernardino, 92408 - 3 bed, 2 bath
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San Bernardino, California 92408
Analysis of 833 S Waterman Avenue, San Bernardino, California 92408 is currently available with a list price of $480,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the San Bernardino Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1965 (59 years old) with no recorded renovations, meeting the >50-year criteria. It is explicitly marketed 'AS-IS' as a 'Fixer,' and the listing emphasizes the land value (two APNs) and due diligence, suggesting the structure is nearing the end of its functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12000, living area = 1368.
The property boasts a generous 12,000 square foot lot, providing ample space for potential expansion, outdoor entertaining, or the addition of an Accessory Dwelling Unit (ADU).
The sale involves two separate APN numbers (833 and 837 S. Waterman Ave), offering a unique opportunity for developers or investors to explore multi-unit projects or land division.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Explicitly listed as a 'fixer' being sold 'as-is,' the property will require a significant additional investment for renovations, repairs, and modernization.
With the property held under a family trust and involving two separate parcels, buyers face a more complex due diligence process to verify boundaries, titles, and property information.
BEING SOLD AS-IS. Fixer. Buyers and buyer's agent to conduct due diligence to verify property information on 833 and 837 S. Waterman Ave. The properties are under The Lee Family Trust. 833 Waterman has APN No. 0280-131-60-0000 and 837 Waterman has APN No. 0280-131-61-0000. Three fruit trees in the premise including an avocado tree.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,368 | 1,228 |
| Lot Size | 12,000 | 7,500 |
| Price | $480.0K | $518.9K |
| Price per sq ft | $351 | $376 |
| Built year | 1965 | 1953 |
| HOA | $0 | $121 |
| Days on market | 8 | 63 |
Jul 14, 2026
$480,000
Initial Listing
Nov 16, 1998
$27,000
Public Record