518 W Fredricks, Barstow, CA 92311
- $1,275,000
- List Price
- $1,275,000
- Status
- ACTIVE
- MLS#
- IG26116842
- Year Built
- 1952
- Lot Size
- 22,500
- Acres
- 0.52
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 59
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level
Property Description
Don't miss this rare chance to own a fully occupied 12-unit apartment complex in the heart of Barstow, a city on the verge of a major economic transformation. This stabilized income property features a desirable mix of studio and 1-bedroom units that cater to the high-demand affordable housing market, delivering consistent cash flow from day one.Each unit is individually metered for gas and electricity, keeping owner expenses low and operations simple. The property includes on-site parking and low-maintenance landscaping, making this a truly turnkey investment. Well-maintained and move-in ready, there's also modest value-add potential through rent adjustments or light interior upgrades to further boost returns.Location & Growth Potential:Situated near I-15 and I-40, Barstow is positioned at one of the most strategic crossroads in Southern California. The city is set for unprecedented growth with BNSF Railway's $1.5 billion Barstow International Gateway, a 4,500-acre integrated rail facility expected to create approximately 20,000 direct and indirect jobs and reshape the region's economy for decades to come. Construction is anticipated to begin in late 2026, and the influx of workers and families will drive significant housing demand in a market where virtually no new residential construction has broken ground in recent years.
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $124,440
- Operating Expense
- 53847
Listing courtesy of Listing Agent: JAMES KELLEY (jameskelleyre@gmail.com) from Listing Office: KELLER WILLIAMS REALTY.
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.