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Marvin Zayas

youragentmarvin@gmail.com +1(310) 413-7683

$ 319,000

Est. payment | -/mo

0.38 Acres Lot

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$ 319,000

Est. payment | -/mo

Save

0.38 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26129572

HOA Y/N No

Year Built 1957

Lot Size 0.382 Acres

Property Sub-Type Triplex

Property Description

Huge Price Adjustment! Great investment opportunity in the city of Barstow, this property features a 3-bedroom 1 bath home and two 1 bedroom 1 bath duplex in the back. Each unit has its own electric and gas meter. A well-located investment offering genuine upside for the buyer who wants to add value and grow income over time. All units are currently rented out below market value, the property gives a new owner a clear, executable path to stronger returns as rents are brought in line with the rents in the area. The tenants in the 1 bed/1bath unit are on a month to month agreement and the tenant in the 3 bedroom 1 unit house lease expires at the end of February. The property has plenty of parking space and the front property is fully gated. New windows (both units) and kitchen/bathroom flooring was recently installed in Unit #A of the duplex. Barstow is a city that is on the verge of an economic transformation. Detailed rent roll and pro forma available to qualified buyers upon request. The property includes on-site parking and low maintenance landscaping making it truly and desirable investment. The property is conveniently located within a short driving distance of a Super Walmart and the Barstow Outlets which consist of stores such as Columbia Factory, Levi's Outlet Store, Skechers, Lacoste Polo, Claire's Coach, Nike Factory, Adidas, Bath and Body, Kate Spade, Guess Factory, Old Navy, El Pollo Loco, In N Out Burger, Chili's Grill, and IHOP. Situated near the I-15 and I-40 freeways, Barstow is positioned to see huge economic growth with BNSF Railway's 1.5-billion-dollar Barstow International Gateway, a 4,500-acre integrated rail facility expected to create approximately 20,000 direct and indirect jobs. This property has a enough space for a possible ADU opportunity. What a great opportunity to invest in an area that is expected to experience great economic growth.

Location

State CA

County San Bernardino

Area Bstw - Barstow

Interior

Interior Features Ceiling Fan(s), Laminate Counters, All Bedrooms Down

Heating Wall Furnace

Cooling Evaporative Cooling

Flooring Carpet, Tile, Vinyl

Fireplaces Type Bath, Dining Room

Fireplace Yes

Appliance Gas Range, Refrigerator

Laundry None

Exterior

Parking Features Unpaved

Fence Chain Link

Pool None

Community Features Rural

Utilities Available Cable Available

View Y/N Yes

View Mountain(s)

Roof Type Shingle

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0181562040000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard, Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Terrance McMillan Coldwell Banker Envision 909-519-6644, DRE #01776489

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 413-7683

youragentmarvin@gmail.com

Los Angeles, CA, USA

1390 Riverside DR Barstow, CA 92311

Marvin Zayas

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1390 Riverside DR