511-517 E Fredricks St - Apartments FOR SALE


Barstow, CA 92311
$2,200,000 USD
714-814-2088
511-517 E Fredricks St, Barstow, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/31
null | 5.45% Cap Rate

511-517 E Fredricks St
Barstow, CA 92311


HIGHLIGHTS

  • 21-Unit Multifamily Community in Growing Barstow Market
  • 5.45% Current CAP Rate with Upside to 7.18% Pro Forma
  • Over 31% Rental Upside from In-Place to Market Rents
  • 100% One-Bedroom Unit Mix with Strong Workforce Housing Demand
  • Tenant-Paid Gas & Electricity Reduces Operating Expenses
  • Strategically Located Near I-15, I-40, Marine Corps Logistics Base & Brightline West High-Speed Rail Corridor

OVERVIEW

511–517 E. Fredricks Street presents an opportunity to acquire a 21-unit multifamily community in the growing High Desert market of Barstow, California. The property consists entirely of one-bedroom/one-bathroom units spread across two buildings on approximately 0.62 acres and offers investors a stable workforce housing asset with significant upside potential. Currently operating at a 5.45% CAP rate with projected upside to a 7.18% pro forma CAP rate, the property provides a clear value-add opportunity through continued rental increases and operational optimization. Additional benefits include tenant-paid gas and electricity, strong occupancy fundamentals, and a strategic location near Interstate 15, Interstate 40, the Marine Corps Logistics Base, and the proposed Brightline West high-speed rail corridor. With immediate cash flow and long-term growth potential, 511–517 E. Fredricks Street represents an attractive investment opportunity in one of Southern California's key transportation and logistics markets.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

21

PRICE/UNIT

$104,762

CAP RATE

5.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fredericks Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

RM-1

APN/PARCEL ID

0181-112-30,0181-112-31

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.