158 W 11th Street, San Bernardino, California 92410, San Bernardino, - bed, bath
ACTIVE$685,000
158 W 11th Street, San Bernardino, California 92410
0Bed
0Bath
2,225Sqft
8,520Lot
Year Built
1940
Close
-
List price
$685K
Original List price
$695K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25039199
Home ConditionFair
Features
Patio
View-
About this home
Back On the Market Buyers unable to Perform Unlock the potential of this fully-rented triplex, conveniently located in the heart of San Bernardino! This fantastic property offers three separate units, each with its own private entrance and unique charm. Ideal for investors or savvy buyers seeking rental income, this triplex is situated in a prime location close to local schools, parks, shopping, and easy freeway access. All units include in-unit laundry hookups, dedicated parking spaces, and individual meters for gas and electric. Don’t miss out on this rare opportunity to own a multi-unit investment in a thriving area! Contact us today to schedule a viewing and explore the possibilities of this fantastic San Bernardino triplex.
Price History
Date
Event
Price
07/31/25
$685,000
02/21/25
$695,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (11 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,225 | 1,841 | 67% |
| Lot Size | 8,520 | 7,151 | 67% |
| Price | $685K | $577K | 83% |
| Price per square foot | $308 | $298.5 | 58% |
| Built year | 1940 | 9755977 | 33% |
| HOA | |||
| Days on market | 258 | 177 | 83% |
Condition Rating
Fair
Built in 1940, this triplex shows signs of being an older property that has been maintained and likely received some updates 15-30 years ago. The kitchen features dated light wood cabinetry and white tile flooring, which are functional but clearly outdated. While the property is fully rented, indicating habitability, it requires minor cosmetic updates to meet current aesthetic standards. There are no visible signs of major disrepair or structural issues, but the overall style and visible components align with a property that is aged but maintained, fitting the 'fair' condition criteria.
Pros & Cons
Pros
Immediate Income Generation: This fully-rented triplex offers immediate cash flow, making it an attractive asset for investors seeking a stable income stream from day one.
Strategic Location: Conveniently located in the heart of San Bernardino, the property provides excellent access to local schools, parks, shopping, and major freeways, enhancing tenant appeal and occupancy rates.
Independent Unit Features: Each of the three units benefits from its own private entrance, in-unit laundry hookups, and dedicated parking spaces, offering significant convenience for tenants and reducing landlord responsibilities.
Individual Utility Metering: The presence of individual gas and electric meters for each unit simplifies utility management and billing, transferring costs directly to tenants and reducing owner overhead.
Strong Investment Potential: As a multi-unit property in a 'thriving area,' it represents a rare opportunity for portfolio diversification and long-term appreciation in the San Bernardino market.
Cons
Prior Failed Transaction: The property is 'Back On the Market Buyers unable to Perform,' which is a red flag that warrants thorough investigation into the reasons for the previous deal's collapse, such as inspection issues or financing challenges.
Property Age: Built in 1940, the property is over 80 years old, suggesting potential for deferred maintenance, outdated systems (plumbing, electrical), and the likelihood of significant capital expenditures in the near future.
Recent Price Reduction: The listing price has been reduced from $695,000 to $685,000, which, coupled with the prior failed sale, could indicate market resistance or a perceived overvaluation, potentially affecting resale value or requiring further negotiation.