2045 Nolan Street, San Bernardino, California 92407, San Bernardino, - bed, bath
ACTIVE UNDER CONTRACT$275,000
2045 Nolan Street, San Bernardino, California 92407
2Beds
1Bath
1,040Sqft
22,800Lot
Year Built
1946
Close
-
List price
$275K
Original List price
$275K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25186083
Home ConditionTear down
Features
View-
About this home
This property is in need of major renovation and is being sold "AS IS - WHERE IS." CASH ONLY, SUBJECT TO OCCUPANTS IN PLACE, NO CONTINGENCIES, NO BLIND OFFERS. Structural modifications may have been done without permits; walls are missing and/or exposed in areas of the house/roof/bathroom that may be subject to excessive moisture and/or mold. Seller/Agents make no representation regarding structural integrity, condition, desirability, zoning, lot size or permits. Buyer is responsible for ALL Due Diligence. Submit Highest & Best on or before noon Monday, 8/25/2025.
Price History
Date
Event
Price
08/19/25
Listing
$275,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (172 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 5% |
| Baths | 1 | 2 | 12% |
| Square foot | 1,040 | 1,820 | 7% |
| Lot Size | 22,800 | 7,750 | 92% |
| Price | $275K | $595K | 1% |
| Price per square foot | $264 | $320 | 15% |
| Built year | 1946 | 1988 | 8% |
| HOA | |||
| Days on market | 78 | 167 | 12% |
Condition Rating
Tear down
The property, built in 1946, is explicitly described as needing 'major renovation' and being sold 'AS IS - WHERE IS,' with potential unpermitted structural modifications, missing/exposed walls, and areas subject to excessive moisture and mold. Images reveal exposed electrical wiring, a severely neglected and cluttered exterior with a large pit, and dilapidated interior conditions. The absence of clear kitchen and bathroom photos, combined with the description, strongly suggests these areas are unlivable. These factors indicate the structure is beyond repair, aligning with the criteria for a tear-down.
Pros & Cons
Pros
Significant Lot Size: The property boasts a substantial lot size of 22,800 sqft, offering ample outdoor space for potential expansion, landscaping, or future development opportunities.
Investment Opportunity: This property presents a prime opportunity for experienced investors or developers looking for a high-value-add project, given its 'major renovation' requirement and 'AS IS' sale condition.
Cash Transaction Streamlined: The 'CASH ONLY' requirement can lead to a quicker and more certain closing process for the seller, and for a cash buyer, it may reduce competition from financed offers.
Established Area: Built in 1946, the property is likely situated in an older, more established neighborhood within San Bernardino, which can offer community stability and mature infrastructure.
Potential for High Equity Gain: Due to its distressed state and the need for extensive renovation, a successful and well-executed rehabilitation could result in significant equity appreciation and profit for the buyer.
Cons
Extensive Renovation & Structural Issues: The property requires 'major renovation' with explicit warnings of 'structural modifications... without permits,' 'missing walls,' 'exposed areas,' and potential 'excessive moisture and/or mold,' indicating significant and costly repairs.
Occupancy & Transactional Hurdles: Being 'SUBJECT TO OCCUPANTS IN PLACE' and sold with 'NO CONTINGENCIES' creates substantial legal, logistical, and financial challenges for the buyer, including potential eviction processes and lack of buyer protection.
High Risk & Buyer Responsibility: Sold 'AS IS - WHERE IS' with comprehensive disclaimers from seller/agents regarding structural integrity, condition, and permits, placing 'ALL Due Diligence' and associated risks entirely on the buyer.