381 W Wabash Street, San Bernardino, California 92405, San Bernardino, - bed, bath
ACTIVE$385,000
381 W Wabash Street, San Bernardino, California 92405
3Beds
2Baths
1,074Sqft
1,960Lot
Year Built
1950
Close
-
List price
$385K
Original List price
$370K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25147513
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
GREAT PRICED SFR (SINGLE FAMILY RESIDENCE) 2 bed, 2 bath plus a den could be used as 3rd bedroom. 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. 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
09/03/25
Price Change
$385,000
07/01/25
Listing
$370,000
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 | $385K | $477K | 10% |
| Price per square foot | $358 | $380 | 42% |
| Built year | 1950 | 9720973 | 79% |
| HOA | |||
| Days on market | 126 | 160 | 26% |
Condition Rating
Fair
The property, built in 1950, has received recent cosmetic updates including new floors, fresh paint, and a new water heater, making it move-in ready. However, the kitchen features very dated tiled countertops and older appliances, and one cabinet door is damaged. The bathrooms also exhibit significantly outdated tile work and fixtures. While functional, these key areas require substantial renovation to meet current aesthetic and quality standards, aligning with the 'Fair' category where a home is aged but maintained, with major components showing signs of being outdated.
Pros & Cons
Pros
Income Potential & Flexible Layout: One bedroom features a separate entrance and full bathroom, offering potential for rental income or a private studio, while a den can easily serve as a third bedroom.
Recent Essential Updates: The property benefits from recent upgrades including new flooring, fresh interior paint, and a new water heater, reducing immediate maintenance for buyers.
Favorable Financials: Attractive financial aspects include low property taxes, no HOA fees, and available down payment assistance, appealing to first-time homebuyers and investors.
Excellent Accessibility: Its location provides convenient access to public transportation and major freeways, enhancing connectivity for residents.
Natural Light & Views: Large windows ensure the living room is filled with natural light, complemented by desirable mountain views.
Cons
Age of Property: Built in 1950, the home's age may suggest potential for older underlying systems (e.g., plumbing, electrical) that could require future upgrades beyond the recent cosmetic updates.
Limited Lot Size: The relatively small lot size of 1960 sqft offers minimal outdoor space, which might not suit buyers desiring a larger yard or expansion potential.
Recent Price Adjustment: The list price has increased from its original listing, which could be a point of inquiry for potential buyers regarding market valuation or seller expectations.