1220 W 7th Street, San Bernardino, California 92411, San Bernardino, - bed, bath
ACTIVE$359,000
1220 W 7th Street, San Bernardino, California 92411
5Beds
3Baths
1,800Sqft
9,150Lot
Year Built
1914
Close
-
List price
$359K
Original List price
$359K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25135384
Home ConditionFair
Features
ViewNeighborhood
About this home
Beautiful Duplex located in San Bernardino, 5 bedrooms, 2 bathrooms. First unit consists of 3 bedrooms, 2 bathrooms. The second unit consists of 2 bedrooms, 1 bathroom and has been remodeled with new bathrooms, new kitchen, new paint, new flooring, and more! Located close to shopping, schools, freeways. ***First unit was burned down, permits are approved and ready to rebuild the first unit .*** The architect drawing completed for the burnt-down unit and permits are pulled.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (10 Listings) | |
|---|---|---|---|
| Beds | 5 | 0 | 18% |
| Baths | 3 | 0 | 27% |
| Square foot | 1,800 | 1,680 | 73% |
| Lot Size | 9,150 | 7,000 | 82% |
| Price | $359K | $480K | 27% |
| Price per square foot | $199 | $337 | 27% |
| Built year | 1914 | 1927 | 18% |
| HOA | |||
| Days on market | 141 | 184 | 36% |
Condition Rating
Fair
The property was built in 1914. One unit was burned down and is ready to rebuild. The second unit has been remodeled with new bathrooms, kitchen, paint, and flooring. Given the age and the fire damage to one unit, the overall condition is fair, requiring significant work despite the remodel of the second unit.
Pros & Cons
Pros
Income Potential: Duplex property offers immediate income potential from the remodeled second unit.
Remodeled Unit: The second unit has been recently remodeled with new bathrooms, kitchen, paint, and flooring, increasing its appeal to renters.
Approved Permits: Permits are already approved for rebuilding the first unit, saving time and potential delays for the new owner.
Architectural Drawings: Architectural drawings are completed for the burnt-down unit, providing a clear plan for reconstruction.
Location: Conveniently located near shopping, schools, and freeways, enhancing its desirability for tenants and future resale value.
Cons
Fire Damage: One unit was burned down and requires complete rebuilding, representing a significant upfront investment.
Reconstruction Effort: Managing the reconstruction of the damaged unit will require time, effort, and expertise from the buyer.
Age of Property: Built in 1914, the property may have underlying issues common in older homes, potentially requiring additional maintenance and repairs.