309 Wilshire Place, Barstow, California 92311, Barstow, - bed, bath

home-pic
ACTIVE$360,000
309 Wilshire Place, Barstow, California 92311
0Bed
0Bath
1,916Sqft
8,250Lot
Year Built
1949
Close
-
List price
$360K
Original List price
$370K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW24240794
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

This well-maintained triplex is strategically located in the historic city of Barstow, California, offering strong investment potential. The property features three distinct residential units, each with its own private space and separate utility meters. The first building consists of two attached units: Unit 311: A spacious 2-bedroom, 1-bathroom unit with modern amenities. Unit 309: A 1-bedroom, 1-bathroom unit, offering comfortable living space. Both units have their own private, fenced-in backyard areas, providing added privacy and convenience. Adjacent to the main building is a standalone unit. Unit 308: A 1-bedroom, 1-bathroom unit with a separate entrance and yard space. Additionally, the property includes a detached garage, currently used for storage, with the potential for conversion into a fourth rental unit, further increasing the property's value and rental income potential. Each unit is individually metered for utilities, ensuring streamlined management and cost allocation. This property presents a prime opportunity for investors looking to acquire a versatile and income-generating asset in a growing market.

Nearby schools

3/10
Cameron Elementary School
Public,K-60.6mi
2/10
Henderson Elementary School
Public,K-61.1mi
5/10
Skyline North Elementary School
Public,K-62.0mi
1/10
Barstow Junior High School
Public,7-81.0mi
4/10
Barstow High School
Public,9-120.4mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (137 Listings)
Beds03
Baths02
Square foot1,9161,270
87%
Lot Size8,2508,205
51%
Price$360K$275K
85%
Price per square foot$188$215.5
27%
Built year19499815982
9%
HOA
Days on market333186
90%
Condition Rating
Fair

The property was built in 1949. The images show that the units have been maintained, but the kitchens and bathrooms appear dated. While functional, they likely require updates to meet modern standards. The exterior also shows its age. Therefore, a 'Fair' rating is appropriate.
Pros & Cons

Pros

Income Potential: Triplex with three units, each with separate utility meters, providing a strong income-generating opportunity.
Separate Yards: Each unit has its own private, fenced-in backyard, enhancing tenant appeal and privacy.
Detached Garage: Detached garage offers storage or potential conversion into a fourth rental unit, increasing income potential.
Location: Strategically located in the historic city of Barstow, offering access to local amenities and potential for growth.
Mountain Views: The property has mountain views.

Cons

Age of Property: Built in 1949, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Potential Renovation Costs: While well-maintained, older properties often require renovations to maximize rental income and property value.
Market Location: Barstow's real estate market may have slower appreciation compared to larger metropolitan areas.

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