$625,000

312 N 2nd Avenue

Barstow CA, 92311

Description

11 units in Premier downtown location in Barstow, California. This 11-unit property is professionally managed by a local property management company and has loads of potential. All units are 1 bedroom 1 bathroom with exterior and street parking located across from Central High School and one of the original Del Tacos, on the way to the historic Harvey House located less than .25 mile away. Average rent in the area has increased by an estimated 8% YOY and looks to be continuing as the California housing shortage continues to get worse and more people are looking inward for affordable rents. This with the announcement that BNSF railroad is building an intermodal facility in town that will help in the revitalization of the area and bring even more people and jobs to the area. 9 Acres of raw vacant land less than half a mile from the newly widened Highway 58 Main Street off ramp In the path of growth.

Details

MLS#523403
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year0
Days On Site28

Features

SQ Feet6,288
Units11
Building(s)2
Property ViewDesert

Market Activity 92311

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Area Information
StateCA
CountySan Bernardino
CityBarstow
Zip Code92311
AreaCalifornia
Listing VS Median (in 92311)
Price:
$625,000
low | high
Med:
$114,900
100% of Average
SqFt:
6,288
low | high
Med:
908
100% of Average
$ / SqFt:
$99
low | high
Med:
$127
22.688775330397% of Average
On Site:
28
low | high
Med:
7
100% of Average
Listing Updated: 10/29/2020
Listing Provided By: Robert C Basen of Coldwell Banker Commercial Real Estate Solutions

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the High Desert Association of REALTORS®.