511 E Fredricks, Barstow, CA 92311
- $1,995,000
- List Price
- $1,995,000
- Price Change
- ▼ $205,000 1784705690
- Status
- ACTIVE
- MLS#
- IV26147533
- Year Built
- 1964
- Lot Size
- 27,007
- Acres
- 0.62
- Lot Location
- 21-25 Units/Acre
- Days on Market
- 20
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
Property Description
511–517 E. Fredricks Street is a 21-unit multifamily property situated on approximately 0.62 acres in the growing High Desert community of Barstow. The property consists entirely of one-bedroom, one-bathroom units across two two-story buildings totaling approximately 12,968 rentable square feet. Built between 1959 and 1964, the asset offers a value-add investment opportunity with rental upside through continued unit turnover and market rent growth. Tenants pay gas and electricity, helping reduce owner utility expenses. Conveniently located near Interstate 15, Interstate 40, Downtown Barstow, shopping, dining, schools, and the Marine Corps Logistics Base, the property benefits from strong workforce housing demand and excellent regional accessibility.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 21
- Gross Scheduled Income
- $246,624
- Operating Expense
- 120337
Listing courtesy of Listing Agent: DARREN CORREA (darren.correa@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.