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1356 N Sierra Way, San Bernardino, CA 92405
$450,000
1356 N Sierra Way, San Bernardino, CA 92405View this property at 1356 N Sierra Way, San Bernardino, CA 92405
1356 N Sierra WaySan BernardinoCA92405
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Property Description
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.
Full Property Details
Full Property Details for 1356 N Sierra Way
General
- Sold For: $450,000
- Status: Closed
- Type: Duplex
- MLS ID: IV24033721
- Added to Site: 114 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room
- Fireplace(s): None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: See Remarks
Additional Information
- Pool Description: None
Location
- County: San Bernardino
- Driving Directions: 1356 N Sierra Way, San Bernardino, CA 92405-4964,
School Information
- School District: San Bernardino City Unified
Community
- Community Features: Curbs
Heating & Cooling
- Cooling Type: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Duplex
- Common Walls: No Common Walls
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,204
- Sq. Ft. Source: Assessor
- Year Built: 1949
- Year Built Source: Assessor
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1377
- Lot Size Source: Assessor
- Lot Description: Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $373.75
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
Listed and Sold by Re/Max Time Realty, ROBERT WATKINS
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Schools
Schools serving 1356 N Sierra Way
School District:San Bernardino City Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
255 W 13th St, Sn Bernrdno, CA 92405 | K-5 | 0.2 mi | |
2299 N G St, Sn Bernrdno, CA 92405 | 6-8 | 1.1 mi | |
1850 N E St, Sn Bernrdno, CA 92405 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1356 N Sierra Way
Date
Details
Price
Change
Source
4/01/2024
Sold
$450,000
12.5%
MLS
2/17/2024
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1356 N Sierra Way, San Bernardino, CA 92405 (MLS# IV24033721) is a Duplex property that was sold at $450,000 on April 01, 2024. Want to learn more about 1356 N Sierra Way? Do you have questions about finding other Duplex real estate for sale in San Bernardino? You can browse all San Bernardino real estate or contact a Coldwell Banker agent to request more information.