192 S Eureka Avenue, San Bernardino, California 92410, San Bernardino, - bed, bath
ACTIVE$675,000
192 S Eureka Avenue, San Bernardino, California 92410
0Bed
0Bath
2,448Sqft
7,500Lot
Year Built
1905
Close
-
List price
$675K
Original List price
$725K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25112429
Home ConditionPoor
Features
View-
About this home
This multi-family property features 4 units, EACH UNIT 2 BEDROOM AND 1 BATH occupied by month-to-month tenants, offering flexibility for investors seeking immediate rental income or future repositioning opportunities. Located in a convenient area of San Bernardino, the property provides easy access to local amenities, public transportation, and major highways, making it attractive for tenants.
Price History
Date
Event
Price
10/27/25
Price Change
$675,000-3.4%
09/18/25
Price Change
$699,000-3.6%
05/20/25
Listing
$725,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (11 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,448 | 1,841 | 83% |
| Lot Size | 7,500 | 7,151 | 58% |
| Price | $675K | $577K | 83% |
| Price per square foot | $276 | $293.5 | 33% |
| Built year | 1905 | 9755977 | 8% |
| HOA | |||
| Days on market | 169 | 168 | 50% |
Condition Rating
Poor
Built in 1905, this multi-family property shows significant signs of age and deferred maintenance. The exterior features worn paint, older windows, and visible window AC units, indicating a lack of central cooling and outdated systems. While no interior images are provided, the property's age and exterior condition strongly suggest that kitchens and bathrooms are very old, utilitarian, and in need of complete renovation. Major systems like electrical, plumbing, and HVAC are highly likely to be original or very old, requiring substantial repairs and rehabilitation to meet modern standards. The description's mention of 'repositioning opportunities' further implies significant work is needed.
Pros & Cons
Pros
Immediate Cash Flow: The property is fully occupied by month-to-month tenants, ensuring immediate rental income for the investor from day one.
Investor Flexibility: Month-to-month tenancy provides the new owner with significant flexibility for rent adjustments, property repositioning, or future renovations without long-term lease commitments.
Desirable Unit Mix: The configuration of four 2-bedroom, 1-bathroom units is highly marketable and sought-after by renters, appealing to a broad tenant base.
Strategic Location: Situated in a convenient area of San Bernardino with easy access to local amenities, public transportation, and major highways, enhancing tenant desirability and long-term value.
Value-Add Opportunity: The property's age and current tenancy structure present a strong opportunity for a savvy investor to implement renovations, optimize rents, and significantly increase property value.
Cons
Advanced Age & Potential Deferred Maintenance: Built in 1905, the property is likely to require substantial capital investment for system upgrades (e.g., plumbing, electrical, HVAC) and general modernization to meet current standards.
Tenant Management & Turnover Risk: While flexible, month-to-month leases can lead to higher tenant turnover, potentially increasing vacancy periods and management efforts, especially if significant renovations are planned.
Recent Price Reductions: Multiple price drops suggest the property may have been initially overpriced or is facing challenges in attracting buyers, potentially indicating a need for further market adjustment or significant investment to justify the price.