381 W Wabash Street, San Bernardino, California 92405, San Bernardino, - bed, bath
ACTIVE$375,000
381 W Wabash Street, San Bernardino, California 92405
3Beds
2Baths
1,074Sqft
1,960Lot
Year Built
1950
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25054672
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
HUGE PRICE REDUCTION! SFR (SINGLE FAMILY RESIDENCE) 2 bed, 2 bath plus a den could be used as 3rd bedroom. Or Jr ADU-Option that could bringin additional income! Home has a vintage flair, (new floors, freshly painted interior, new water heater). big windows fill the Livingroom with light. One bedroom as its own entrances large space could be rented as studio as it has its's own full bathroom (see concept drawings). Great opportunity for investor or first time home buyer! DOWN PAYMENT ASSISTANCE AVAILABE, Low taxes, NO HOA, close to public transportation and freeways.
Price History
Date
Event
Price
10/21/25
Price Change
$375,000-2.6%
09/03/25
Price Change
$385,000
03/12/25
Listing
$375,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (103 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,074 | 1,243 | 32% |
| Lot Size | 1,960 | 6,938 | 1% |
| Price | $375K | $477K | 9% |
| Price per square foot | $349 | $380 | 38% |
| Built year | 1950 | 9720973 | 79% |
| HOA | |||
| Days on market | 238 | 162 | 87% |
Condition Rating
Fair
Built in 1950, this property has received recent cosmetic updates including new flooring, fresh interior paint, and a new water heater, making it move-in ready. However, the kitchen features older white appliances, very dated yellow and red tile countertops, and original-style cabinets. Both bathrooms are significantly outdated with original-style vanities and colorful tile (blue in one, pink and blue in the other). While functional, these areas require substantial aesthetic renovation to meet modern standards. The presence of a portable cooler suggests a lack of central air conditioning. The home is maintained but clearly shows its age and requires significant updates beyond the recent cosmetic ones.
Pros & Cons
Pros
Income Generation Potential: The property offers significant income potential with a 'Jr ADU-Option' and a private bedroom suite featuring its own entrance and full bathroom, ideal for rental or multi-generational living.
Recent Cosmetic Updates: Benefits from new floors, a freshly painted interior, and a new water heater, enhancing its immediate appeal and reducing initial renovation needs for a new owner.
Financial Accessibility: Includes a recent price reduction, eligibility for down payment assistance, low property taxes, and no HOA fees, making it a financially attractive option for various buyers.
Versatile Buyer Opportunity: Marketed as an excellent opportunity for both investors seeking rental income and first-time homebuyers looking for an affordable entry into the market.
Convenient Location & Natural Light: Offers excellent access to public transportation and freeways, complemented by large windows that provide abundant natural light throughout the living areas.
Cons
Unconfirmed ADU/Rental Status: The 'Jr ADU-Option' and studio rental are presented with 'concept drawings,' implying they may not be fully permitted or established, requiring buyer due diligence and potential further investment to realize the income.
Limited Outdoor Space: The property sits on a very small lot of 1960 sqft, which significantly restricts outdoor living and yard potential, potentially limiting appeal for some buyers.
Older Construction & 'Vintage Flair': Built in 1950, the home's 'vintage flair' suggests that while some updates exist, certain elements may still reflect its age and might not align with all modern buyer preferences, potentially requiring further modernization.