405 North 1st Avenue

Barstow, CA 92311

$1,050,000
Price
3
Beds
10
Baths
4,325 Sq. Ft.
$243 / Sq. Ft.
4,325
Sq. Ft.
$243
per Sq. Ft.

Description

Investor Opportunity in Barstow, CA! This recently remodeled 10-unit property is an ideal investment, with all units updated with new paint, flooring, and fixtures. The owner has taken great care to elevate the property’s appeal—completing full unit remodels, raising rents to market value or above, and securing reliable, high-quality tenants. Property is currently generating excellent positive cash flow. Barstow's future shines brightly with ambitious city initiatives. The upcoming $1.5 billion Barstow...Investor Opportunity in Barstow, CA! This recently remodeled 10-unit property is an ideal investment, with all units updated with new paint, flooring, and fixtures. The owner has taken great care to elevate the property’s appeal—completing full unit remodels, raising rents to market value or above, and securing reliable, high-quality tenants. Property is currently generating excellent positive cash flow. Barstow's future shines brightly with ambitious city initiatives. The upcoming $1.5 billion Barstow International Gateway project will introduce a massive railyard, warehouse center, and solar farm, bringing thousands of jobs and development opportunities. Meanwhile, a General Plan update and BIG Specific Plan are set to add 6,920 residential units and over 14 million square feet of non-residential spaces. With improvements underway in transportation, public services, and housing options, Barstow is primed for economic growth and sustainability. Secure this property and benefit from immediate returns while capitalizing on Barstow’s promising future!
  1. Listed by Richard Valderrama Calle • DRE #02148207 • Brokerage DRE #02101297 • The Dara Group Inc. • 3109279680

Property Details for 405 North 1st Avenue

Parking Spaces Total
10
Private Pool
No
Cooling Type
Wall/Window
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4325
Assessor Parcel Number
0181-051-12-0000
LISTING UPDATED: 11/07/2024 09:35 PM

Property Details for 405 North 1st Avenue

StatusActive
MLS #PW24229440
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
CountySan Bernardino County

Building Information for 405 North 1st Avenue

Building/Complex405 N 1st AveFloor-Stories2Residences-Pet Policy-Year Built1955Building Size-

Property Information for 405 North 1st Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $109,740
  • Gross Scheduled Income: $109,740
  • Gross Operating Income: $101,580
  • Net Operating Income: $101,580
Expense Details
  • Operating Expense: $8,160
  • Fuel Expense: $0
  • Electric Expense: $960
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $3,000
  • Other Expense Description: Gas
  • Trash Expense: $1,800
  • Water Sewer Expense: $4,200
  • Total Expenses: $9,960
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 2044
  • Tax Census Tract: 94.00
  • CFD/Mello-Roos Fee: $460
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
Exterior Features
  • Entry Location: 1st level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,245
  • Unit Type Total Rent: $5,245
  • Unit Type Pro Forma: 7000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 405 North 1st Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 405 North 1st Avenue

Taxable ValueLand$84,000Additions$716,000Total$800,000
Tax Record2024$9,058 ($755 / month)
Home Facts
Total Finished SqFt384 SqFtAbove Grade Finished SqFt384 SqFtStories1Lot Size8,400 SqFtStyleRestaurantYear Built1955CountySAN BERNARDINOAPN0181-051-12-0000

Schools near 405 North 1st Avenue

This home is within Barstow Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Cameron Elementary School
PublicK to 6

Barstow Junior High School
Public7 to 8

Barstow High School
Public9 to 12

Busd School Of Opportunity
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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405 North 1st Avenue is a multi-family home for sale in Barstow, CA 92311. This property was listed for sale on November 8, 2024 by The Dara Group Inc., it's currently listed at $1,050,000. It has been on the market for a total of 15 days and was last sold on September 25, 2023. This listing's school district is Barstow Unified School District. Nearby schools include Cameron Elementary School, Barstow Junior High School and Barstow High School. 405 North 1st Avenue is a 3-bed, 10-bath, 4,325 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Dara Group Inc., Richard Valderrama Calle, DRE #02148207

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.