407 Barstow Road

    Barstow, CA 92311
    • $139,000
    • STATUS: Active Under Contract
    • ON SITE: 40 days
    • ID#: EV20035145
    Under Contract
    UPDATED: 60 min ago
    $139,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,134
      SQFT
    • $123
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Ratings & Info

    Description

    We are proud to offer this duplex property was built in 1936 situated in a residential neighborhood; approximately 525 sq ft according to the assessor, with unit mix composed of (2) 1 bedroom / 1 bath units. Competitive offering with actual CAP RATE of 7.5% and GRM of 7.4% Property shows great pride of ownership. Barstow is located in San Bernardino County and is a major transportation center for the Inland Empire, major interstates 15 and 40, and State Route 58 serving more than 60 million travelers and 19 million vehicles visiting each year. The city is midway between Los Angeles, CA and Las Vegas, NV. The City also serves as the gateway to Fort Irwin home of the U.S. Army+GGs National training center where 50,000 service members train every year, the Marine Corps Logistical Base covering 5,000 acres and employs 2,500 people, and NASA+GGs Goldstone Deep Space Communication Complex, major maintenance hub for BNSF Railway who announced end of 2018 expansion of their facilities investing $230 million for the their CA expenditure program. Outlets at Barstow providing more than 40 stores; including Michael Kors, Swarovki, Kipling, Kate Spade, Coach Factory, and Polo Ralph Lauren. Proposed 23 acre Casino & Resort approved by Barstow City Council, cost $160 million creating 1,065 construction jobs and 1,000 permanent jobs. Call for more details of economic development past and present increasing long term value.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.

    www.thenajargroup.com/homes/103308858

    407 Barstow Road Barstow, CA 92311

    • Price: $139,000
    • Status: Active Under Contract
    • Updated: 60 min ago
    • ID#: EV20035145
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1,134
    SQFT
    $123
    $/SQFT
    1936
    Built
    Neighborhood:
    BSTW - Barstow
    County:
    San Bernardino
    Area:
    BSTW - Barstow
    Property Description
    We are proud to offer this duplex property was built in 1936 situated in a residential neighborhood; approximately 525 sq ft according to the assessor, with unit mix composed of (2) 1 bedroom / 1 bath units. Competitive offering with actual CAP RATE of 7.5% and GRM of 7.4% Property shows great pride of ownership. Barstow is located in San Bernardino County and is a major transportation center for the Inland Empire, major interstates 15 and 40, and State Route 58 serving more than 60 million travelers and 19 million vehicles visiting each year. The city is midway between Los Angeles, CA and Las Vegas, NV. The City also serves as the gateway to Fort Irwin home of the U.S. Army+GGs National training center where 50,000 service members train every year, the Marine Corps Logistical Base covering 5,000 acres and employs 2,500 people, and NASA+GGs Goldstone Deep Space Communication Complex, major maintenance hub for BNSF Railway who announced end of 2018 expansion of their facilities investing $230 million for the their CA expenditure program. Outlets at Barstow providing more than 40 stores; including Michael Kors, Swarovki, Kipling, Kate Spade, Coach Factory, and Polo Ralph Lauren. Proposed 23 acre Casino & Resort approved by Barstow City Council, cost $160 million creating 1,065 construction jobs and 1,000 permanent jobs. Call for more details of economic development past and present increasing long term value.
    Exterior Features

    Garage Spaces 2.00 Lot Features No Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features None

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 7.50 Community Features Sidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 18840.00 Gross Multiplier 7.37 Gross Operating Income 17766.00 Gross Scheduled Income 18840.00 Insurance Expense 417.00 Land Lease YN No Laundry YN No Maintenance Expense 600.00 Net Operating Income 10491.00 New Construction YN No New Taxes Expense 1460.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 7274.00 Other Expense 1488.00 Other Expense Description Sewer Professional Management Expense 1507.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Expenses 7274.00 Trash Expense 902.40 Vacancy Allowance 1073 Vacancy Allowance Rate 5.70 Water Sewer Expense 900.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Dorance Creighton Jr. of Creighton Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T15:28:11.993. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.

     
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    El Cajon CA, 92021