1356 N Sierra Way
San Bernardino, CA 92405
- 4 beds
- 2 baths
- 1,204 sqft
- 6,000 sqft lot
- $373 per sqft
- 1949 build
- – on site
More homes
Welcome to a fantastic investment opportunity in the heart of San Bernardino, Ca. This property strategically situated in a vibrant neighborhood, offers two separate homes on one spacious lot. Each unit features two bedrooms and one bathroom, catering to the needs of small families, couples, or individuals seeking comfortable living space. Property Review: Location:** The duplex is conveniently located in San Bernardino, a city known for its accessibility to major highways, educational institutions, and recreational facilities. **Unit Configuration:** Each unit is comprised of 2 bedrooms and 1 bathroom, designed to provide ample living space. **Garage Facilities:** One of the units has an attached garage, while the other has a detached garage. These extra space offer added convenience and storage options. **Additional Income** The presence of garages provides an excellent opportunity for the building Accessory Dwelling Units (ADUs), enabling landlords to generate additional rental income.**Vacancy and Renovation:** The property is being delivered vacant, presenting an opportunity for investors to renovate and maximize rental potential. The aggressive pricing relative to market value accounts for the work needed to enhance the property's appeal and rental value. **Rental Potential:** In San Bernardino, two-bedroom, one-bathroom properties are in high demand, with rental prices reaching up to $1700 per month. Additionally, one-bedroom units and studios command rents of $1200 and $1000 respectively, reflecting the strong rental market in the area.**Investment Opportunity:** With its strategic location, spacious layout, and potential for additional income through ADU construction, this duplex property presents an attractive investment opportunity for savvy investors and landlords. Investors can capitalize on the growing demand for rental properties in San Bernardino, leveraging the aggressive pricing and renovation potential to maximize long-term returns. The duplex's configuration and proximity to amenities make it an ideal choice for investors seeking to diversify the portfolio or generate passive income from rental properties. In summary, this property offers the perfect blend of affordability, potential for rental income, and strategic location. With the opportunity to renovate and enhance its rental appeal, this property represents a sound investment for those looking to capitalize on the dynamic real estate market in San Bernardino.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 1, 2024
•
MLS# IV24033721 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/1/24
Apr 1, 2024
|
Sold | CRMLS_CA | $450,000 | 12.5% |
|
3/22/24
Mar 22, 2024
|
Pending | CRMLS_CA | $400,000 | |
|
2/17/24
Feb 17, 2024
|
Listed / Active | CRMLS_CA | $400,000 |