1480 E Marshall Boulevard, San Bernardino, California 92404, San Bernardino, - bed, bath
ACTIVE$300,000
1480 E Marshall Boulevard, San Bernardino, California 92404
3Beds
3Baths
1,265Sqft
627Lot
Year Built
1981
Close
-
List price
$300K
Original List price
$315K
Price/Sqft
-
HOA
$285
Days on market
-
Sold On
-
MLS number
IG25146536
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
This town house style condo is located north of 210 freeway. This is a highly desirable side of San Bernardino. Schools, restaurants and shopping centers are nearby. This sale is best for a first or second time investor. It is currently rented with a lease that expires end of March 2026. Tenant pays $2,200/mo, with a 10% annual rent increase. You can continue to collect rent until lease expires or you can keep the tenant.
Nearby schools
3/10
Del Rosa Elementary School
Public,•K-6•0.2mi
3/10
Hunt Elementary School
Public,•K-5•0.8mi
2/10
Barton Elementary School
Public,•K-6•1.2mi
5/10
Belvedere Elementary School
Public,•K-6•1.3mi
2/10
Del Vallejo Middle School
Public,•6-8•0.6mi
4/10
Serrano Middle School
Public,•7-8•2.1mi
3/10
Pacific High School
Public,•9-12•1.6mi
5/10
San Gorgonio High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
08/01/25
$300,000
06/30/25
$315,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (1 Listings) | |
|---|---|---|---|
| Beds | 3 | 2.5 | 50% |
| Baths | 3 | 2.5 | 50% |
| Square foot | 1,265 | 1,221 | 50% |
| Lot Size | 627 | 902 | 50% |
| Price | $300K | $313K | 50% |
| Price per square foot | $237 | $256.5 | 50% |
| Built year | 1981 | 9890991 | 100% |
| HOA | $285 | $312.5 | 50% |
| Days on market | 128 | 145 | 50% |
Condition Rating
Fair
The property was built in 1981. The images show that the kitchen and bathrooms are outdated. The flooring appears to be in fair condition. Overall, the property requires some updates but is still functional.
Pros & Cons
Pros
Investment Opportunity: Excellent for first or second-time investors due to existing tenant and lease agreement.
Positive Cash Flow: Currently rented at $2,200/month, providing immediate rental income.
Rent Increase Potential: Lease includes a 10% annual rent increase, enhancing investment returns.
Desirable Location: Located in a highly desirable area of San Bernardino, north of the 210 freeway.
Convenient Access: Close proximity to schools, restaurants, and shopping centers.
Cons
Lease Commitment: The property is encumbered by a lease expiring in March 2026, limiting immediate owner occupancy or renovation options.
Association Fees: Monthly association fees of $285 may impact net operating income.
Property Age: Built in 1981, the property may require updates or repairs to remain competitive.