1003 W Rialto Avenue, San Bernardino, California 92410, San Bernardino, - bed, bath
ACTIVE$190,000
1003 W Rialto Avenue, San Bernardino, California 92410
2Beds
1Bath
550Sqft
4,620Lot
Year Built
1951
Close
-
List price
$190K
Original List price
$190K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25174349
Home ConditionTear down
Features
ViewNeighborhood
About this home
The property benefits from high traffic counts, excellent visibility, and easy access to major highways, which enhances its growth potential. According to San Bernardino’s zoning, residential use is permitted, but buyers should verify this with the planning department. This is a great opportunity for investors or developers seeking a versatile property in a high-traffic area. A 550 square foot building, making it ideal for retail, live-work, or residential development.
Price History
Date
Event
Price
08/02/25
$190,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (72 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 34% |
| Baths | 1 | 2 | 33% |
| Square foot | 550 | 1,208 | 5% |
| Lot Size | 4,620 | 7,236 | 4% |
| Price | $190K | $435K | 1% |
| Price per square foot | $345 | $376 | 42% |
| Built year | 1951 | 1946 | 52% |
| HOA | |||
| Days on market | 95 | 173 | 14% |
Condition Rating
Tear down
The property was built in 1951, making it over 70 years old. The images show a small, boarded-up building with a severely neglected exterior and surrounding lot. There are no interior photos, strongly suggesting the building is unlivable in its current state. The description focuses on the land's development potential rather than the existing structure's utility, indicating the value is primarily in the land, consistent with a tear-down.
Pros & Cons
Pros
Strategic Location & Visibility: The property benefits from high traffic counts, excellent visibility, and easy access to major highways, enhancing its commercial appeal and future growth potential.
Versatile Development Potential: Its suitability for retail, live-work, or residential development offers significant flexibility and broad appeal to various investor and developer profiles.
Investor/Developer Opportunity: Explicitly marketed as a great opportunity for investors or developers, indicating its value proposition for those seeking a project with diverse possibilities.
Generous Lot Size for Redevelopment: With a 4,620 sqft lot and only a 550 sqft building, there is ample space for significant expansion or complete redevelopment, maximizing its potential.
Accessible Price Point: The list price of $190,000 makes it an attractive and accessible entry point for investors or those looking to capitalize on its development potential.
Cons
Zoning Verification Required: Buyers are advised to verify residential use with the planning department, introducing a potential hurdle and uncertainty regarding its permitted uses.
Limited Building Size: The existing 550 sqft building is very small, likely necessitating significant expansion, renovation, or demolition for most viable residential or commercial uses.
Age of Property: Built in 1951, the property is likely to require substantial renovations, updates to outdated systems, and potential deferred maintenance, adding to the buyer's investment.