18493 8th Street, Bloomington, California 92316, Bloomington, - bed, bath
ACTIVE$599,990
18493 8th Street, Bloomington, California 92316
0Bed
0Bath
2,300Sqft
7,900Lot
Year Built
1955
Close
-
List price
$600K
Original List price
$650K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25122184
Home ConditionPoor
Features
View-
About this home
JUST LOWERED ANOTHER $50,000!!! 07/03/2025 PASSIVE POSITIVE CASH FLOW!! ALL YOU INVESTORS HERES YOUR DIAMOND IN THE ROUGH!! OR MULTI FAMILIES WANTING TO LIVE CLOSE BUT HAVE YOUR OWN PRIVACY TOO :-) 3 UNITS 3 BEDROOM 1 BATH, 2 BEDROOM 1 BATH, AND A STUDIO...LARGE LOT
Price History
Date
Event
Price
08/28/25
Price Change
$599,990
06/01/25
Listing
$649,990
Condition Rating
Poor
Built in 1955, this triplex is a 'diamond in the rough' as described, indicating significant deferred maintenance. The images reveal outdated features throughout, including old swamp coolers and a wall heater for climate control, a very dated kitchen with old appliances and worn tile, and an equally dated bathroom. The exterior is cluttered and shows signs of wear. The property requires substantial repairs and rehabilitation to meet modern living standards and comfort, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, featuring three distinct units (3-bed/1-bath, 2-bed/1-bath, and a studio), providing significant income potential for investors.
Positive Cash Flow Potential: Explicitly advertised for 'passive positive cash flow,' making it an attractive and potentially lucrative investment opportunity.
Recent Price Reduction: A substantial $50,000 price drop from the original list price indicates a motivated seller and potentially increased value for prospective buyers.
Versatile Use for Multi-Family Living: The multi-unit configuration is well-suited for extended families seeking to live close by while maintaining individual privacy.
Generous Lot Size: The 7,900 sqft lot provides ample outdoor space, offering potential for additional amenities, expansion, or enhanced privacy for residents.
Cons
Age of Construction: Built in 1955, the property is nearly 70 years old, suggesting potential for outdated systems, deferred maintenance, or the need for significant capital improvements.
Implied Renovation Needs: The description 'diamond in the rough' strongly implies that the property requires substantial renovation or upgrades to maximize its value and appeal, indicating it is not turn-key.
Lack of Detailed Condition Information: Beyond the 'diamond in the rough' comment, there is no specific information regarding the current condition or recent updates of the individual units, which could lead to unforeseen repair costs.