4165 N 3rd Avenue, San Bernardino, California 92407, San Bernardino, - bed, bath

home-pic
ACTIVE$1,049,900
4165 N 3rd Avenue, San Bernardino, California 92407
6Beds
3Baths
3,324Sqft
39,060Lot
Year Built
1952
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV24200041
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Breaking News! Don’t let this rare Investment opportunity to acquire these three-homes on almost full acre property!! Plenty of room on the back lot to sub-divide, potential access off West Merose Drive and build 4 more units/or homes. The primary unit has been updated with newer kitchen cabinets, Quartz countertop, wood laminate flooring throughout, freshly painted interior, front yard completed with rock scape and much more! Primary home features an amazing bonus room with cathedral ceilings wood beams, wood burning fireplace large windows with lovely view to the mountains, glass slider for easy access to backyard, the kitchen truly gives you a country feeling offering a nook area, garden window and laundry room adjacent, spacious living room. Three spacious bedrooms. The second unit is a cute estimated 918 sqft with 2 bedrooms, 1 full bathroom, family room, nook area, spacious kitchen, update kitchen cabinet’s, wood laminate throughout, one car garage, and fenced backyard. The third home is estimated 670sqft. Features a family room, nook area, full kitchen, one bedroom, one bathroom, wood laminate throughout. Far back of lot with endless possibilities such as subdivide and build units, but there is more! Additional structure behind primary home with wood laminate flooring great for hobby space or home office that is currently rented with primary unit. Separate property addresses, one water main for all three units, individual electric and gas meters. Walking distance to Newmark Elementary, Shopping centers, and short drive to CA State University of San Bernardino.

Nearby schools

4/10
Newmark Elementary School
Public,K-60.1mi
5/10
Little Mountain Elementary
Public,K-60.7mi
10/10
Hillside Elementary School
Public,K-60.8mi
3/10
Shandin Hills Middle School
Public,6-80.8mi
5/10
Cajon High School
Public,9-120.5mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds60
29%
Baths30
14%
Square foot3,3241,680
86%
Lot Size39,0609,009
86%
Price$1.05M$659K
86%
Price per square foot$316$326
29%
Built year19521950
57%
HOA
Days on market404215
86%
Condition Rating
Fair

The property, built in 1952, consists of three homes. The primary unit has newer kitchen cabinets, quartz countertops, and wood laminate flooring. The second and third units also feature updated kitchen cabinets and wood laminate flooring. Bathrooms appear functional but not recently renovated. Given the age and partial updates, the condition is rated as fair.
Pros & Cons

Pros

Investment Opportunity: Three homes on almost a full acre offer a rare investment opportunity with potential for subdivision and additional units.
Income Potential: The property is a triplex, providing immediate rental income from three separate units.
Large Lot Size: The expansive lot size (39,060 sqft) allows for potential expansion, subdivision, or additional development.
Updated Primary Unit: The primary unit features updated kitchen cabinets, quartz countertops, and wood laminate flooring, enhancing its appeal.
Mountain Views: The property offers lovely mountain views, particularly from the bonus room in the primary unit.

Cons

One Water Main: All three units share a single water main, which could complicate billing and maintenance.
Age of Property: Built in 1952, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Renovation Costs: While the primary unit is updated, the other two units may require further renovations to maximize rental income and property value.

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