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For sale
    • Listed by: Masterpiece Realty • Stephanie Loekman • Contact: stephanie@loekman.com
    Price cut: $50K (5/29)
    $696,000

    1125 E 40th St, San Bernardino, CA 92404

    3beds
    1,796sqft
    : 
    $4,603/mo
    Get pre-qualified
    Single Family Residence
    Built in 1912
    2.08 Acres Lot
    $692,800 Zestimate®
    $388/sqft
    $-- HOA

    What's special

    Prime San Bernardino Investment Opportunity - Dual Parcel with Subdivision Potential Rare Multi-Lot Opportunity! Discover a unique real estate prospect in an established San Bernardino neighborhood. This sale of a current rental property includes two adjacent parcels (APN: 0155-461-23 and 0155-461-24), offering a variety of development potential. The combined acreage and dual-parcel configuration present a compelling possibility to subdivide the land. This could allow for additional residential units. While the layout is ideal for expansion or subdivision, prospective buyers are advised to confirm all zoning, lot line adjustments, and building requirements directly with the City of San Bernardino. Conveniently located near the 210 and 215 freeways, and just minutes from local schools, shopping, and Wildwood Park. Whether you intend to renovate the existing home while developing the second lot, or explore a full subdivision project, this dual-lot offering is a standout for those looking to maximize their return on investment in a high-demand area.
    124 days
    |
    461
    |
    18
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie Loekman DRE #02125011 stephanie@loekman.com,

    Masterpiece Realty

    Source: CRMLS,MLS#: TR26074983MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 3
      Rooms
      • Room types: Bedroom
      Bedroom
      • Features: All Bedrooms Down
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: In Garage
      Features
      • All Bedrooms Down
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 1,796 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage - Attached
      • Attached garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Front door
      • Pool features: None
      • Has view: Yes
      • View description: None
      Lot
      • Size: 2.08 Acres
      • Features: 2-5 Units/Acre
      Details
      • Additional parcels included: 0155461240000
      • Parcel number: 0155461230000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1912

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Suburban
      Location
      • Region: San Bernardino

      Financial & listing details

      • Price per square foot: $388/sqft
      • Tax assessed value: $251,712
      • Annual tax amount: $3,313
      • Date on market: 4/8/2026
      • Cumulative days on market: 125 days
      • Listing terms: 1031 Exchange

        Estimated market value

        $692,800

        $658,000 - $727,000

        $2,941/mo

        Price history

        DateEventPrice
        5/29/2026Price change$696,000-6.7%$388/sqft
        Source: CRMLS #TR26074983 Report a problem
        4/9/2026Listed for sale$746,000+198.4%$415/sqft
        Source: CRMLS #TR26074983 Report a problem
        4/16/2010Listing removed$250,000$139/sqft
        Source: Evanisko Realty & Investment #F1827222 Report a problem
        2/3/2010Price change$250,000-16.7%$139/sqft
        Source: Evanisko Realty & Investment #F1827222 Report a problem
        12/11/2009Listed for sale$300,000$167/sqft
        Source: Evanisko Realty & Investment #F1827222 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,313 +2.1%$251,712 +2%
        2024$3,244 +2.6%$246,777 +2%
        2023$3,163 -0.2%$241,938 +2%
        2022$3,168 -0.2%$237,194 +2%
        2021$3,173 -0.2%$232,543 +1%
        2020$3,180 +3%$230,159 +2%
        2019$3,087 +1.1%$225,646 +2%
        2018$3,052 +3.2%$221,221 +2%
        2017$2,958 $216,883 +2%
        2016$2,958 +3.1%$212,630 +1.5%
        2015$2,869 +3.5%$209,436 +2%
        2014$2,772 $205,334 +0.5%
        2013-- $204,406 +2%
        2012-- $200,398 +2%
        2011-- $196,468 +15.6%
        2010-- $170,000 +155.2%
        2009-- $66,607 +2%
        2008-- $65,301 +2%
        2007-- $64,021 +2%
        2006-- $62,765 +2%
        2005-- $61,534 +2%
        2004-- $60,328 +1.9%
        2003-- $59,222 +2%
        2002-- $58,061 +2%
        2001-- $56,923 +2%
        2000-- $55,807
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: DRNAG

        Getting around

        12 / 100
        Car-Dependent
        25 / 100
        Some Transit
        19 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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