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501 - 547 W Fredricks Street - Garden View Apartments, Barstow, CA

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501 - 547 W Fredricks Street - Garden View Apartments

Barstow, CA 92311-2735 - Outer San Bernardino County MF Submarket

Property Type:Multi-Family Number of Units:36 Status:Existing Year Built:1952
Stories:1 Building Size:21,774 SF Land Area:2.36 AC (102,802 SF)
For Sale Price:$1,400,000 Price/Unit:$38,888.89 Cap Rate:8.97 % GRM:-

Parking:1 Parking Spaces / 1,000 SF

Composition Open(Tandem) Covered(Tandem) Total Condition
Asphault: 12(0) 0(0) 12 Fair
Concrete: 0(0) 24(0) 24 Fair

Property Description: Multi Family - 36 Units

Sale Notes:
Drive By Only, Please Do Not Disturb The Management Or Tenants. Contact Le Investment Group for full marketing package.

Investment Highlights; Competitive Offering Actual CAP Rate of 8.80 %, Competitive Offering Actual GRM of 6.22, Non-Rent Control Community & Area, Rental Comparables Illustrate a 98 % Occupancy Area, Residential neighborhood, Turn Key Financeable Asset, Brand New Double-Pane Windows, Upgraded Units.

The Garden View Apartments are situated on two lots in the city of Barstow, CA. Together the two lots equate to approximately 2.36 acres totaling 36 units; which are composed of sixteen 2 bedroom / 1 bath units, ten 1 bedroom / 1 bath units, and ten studios. Built in 1952, the units have been upgraded and show great pride of ownership.

Le Investment Group
Albert Le
(909) 259-9950

Anthony Le
(714) 423-3819

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