1087 E 2nd Street
San Bernardino, CA, 92408
$629,000
MLS: SR26063166
Beds
6
Baths
2
Sq Ft
1,850
Lot
0.23 ac
Year Built
1950
MLS #
SR26063166
Days on Market
9
Listed
Mar 23, 2026
Description
Rare opportunity--Acquire two move-in ready homes on a gated 10,000 sq ft lot-- each with its own separate address, private front and back yards, and endless flexibility. Ideal for owner-occupants seeking rental income, extended family living, or investors pursuing a strong income-producing asset. The front home (1087 E. 2nd St.) is a unique two-story, featuring 3 bedrooms and 1 bath, with one being an oversized finished attic with new carpeting. The main level offers durable luxury vinyl plank flooring, ceramic tiled kitchen floors, updated bathroom and convenient laundry hookups located in the enclosed rear porch area. The rear home (1089 E. 2nd St.) is a single-story 3-bedroom, 1-bath, showcasing new LVP flooring throughout, granite kitchen countertops, and fresh interior and exterior paint. This home includes an attached one-car garage with laundry hookups. With both homes move-in ready and capable of generating market-rate rental income, this unique property offers a true home-plus-income opportunity in a hard-to-find configuration. A must-see for savvy buyers seeking flexibility, value, and long-term potential.
Location
San Bernardino, San Bernardino County, CA 92408
Open on Google Maps ↗Listed by: Steven Marquez · Real Estate Source, Inc.
Payment estimate
$4,669
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $62,900 · Loan: $566,100
- Principal & Interest
- $3,478
- Property tax (1.25%)
- $655
- Homeowners insurance
- $300
- Mortgage insurance
- $236
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this San Bernardino home with as little as 3.5% down using an FHA loan — roughly $22,015 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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