518 W Fredricks Street, Barstow, California 92311, Barstow, - bed, bath

home-pic
ACTIVE$1,288,000
518 W Fredricks Street, Barstow, California 92311
0Bed
0Bath
5,896Sqft
22,500Lot
Year Built
1952
Close
-
List price
$1.29M
Original List price
$1.39M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25165658
Home ConditionFair
Features
View-

About this home

12-Unit Apartment Complex | Stabilized Income Property in Barstow A rare opportunity to acquire a fully occupied 12-unit multifamily property in the city of Barstow. This residential income asset offers a solid return with a mix of studio and 1-bedroom units catering to the high-demand, affordable housing market. The property is well-maintained and ideally located near major highways, shopping centers, public transportation, and local employers. Each unit is individually metered for gas and electricity, helping to minimize owner expenses and streamline operations. On-site parking and low-maintenance landscaping contribute to the overall efficiency and tenant appeal. This investment would be a great fit for both seasoned investors and those seeking their first multifamily acquisition. Modest value-add potential exists through rent adjustments or light interior upgrades. Rent roll available in supplementals Don’t miss this chance to own a stabilized income-producing asset in one of the High Desert’s most affordable and strategic rental markets.

Nearby schools

2/10
Henderson Elementary School
Public,K-60.5mi
3/10
Cameron Elementary School
Public,K-61.2mi
5/10
Skyline North Elementary School
Public,K-62.1mi
1/10
Barstow Junior High School
Public,7-81.4mi
4/10
Barstow High School
Public,9-120.3mi

Price History

Date
Event
Price
08/15/25
Price Change
$1,288,000
07/23/25
Listing
$1,388,000
Condition Rating
Fair

Built in 1952, this 12-unit complex is aged but appears to be maintained, as stated in the description. The images reveal basic, functional, but outdated interiors, particularly in the kitchenettes which feature older white appliances, simple cabinets, and dated tile flooring. There's no central cooling visible, with a window AC unit present in one occupied unit. While clean and livable, the property clearly shows its age and has not undergone significant modern renovations, aligning with the 'Fair' criteria of being aged but maintained with functional yet outdated components, and requiring 'light interior upgrades' as noted in the listing.
Pros & Cons

Pros

Stabilized Income & High Occupancy: The property is a fully occupied 12-unit multifamily complex, offering immediate and stable income for investors.
Minimized Owner Expenses: Each unit is individually metered for gas and electricity, significantly reducing owner utility expenses and streamlining operations.
Strategic Location: Ideally located near major highways, shopping centers, public transportation, and local employers, enhancing tenant appeal and demand.
Value-Add Potential: Offers modest value-add opportunities through rent adjustments and light interior upgrades, allowing for future increased returns.
High-Demand Market Segment: Caters to the high-demand, affordable housing market in Barstow, ensuring a consistent tenant pool in a strategic rental market.

Cons

Age of Property: Built in 1952, the property's age may imply potential for higher maintenance costs, outdated systems, or the need for significant capital expenditures beyond light upgrades in the long term.
Recent Price Reduction: The property has undergone a $100,000 price reduction from its original list price, which could indicate initial overpricing or market resistance.
Limited Unit Mix: The complex consists solely of studio and 1-bedroom units, which limits the potential tenant demographic to smaller households and may cap rental income compared to properties with larger unit types.

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