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Listed by Richard Valderrama Calle • The Dara Group Inc.
$ 1,050,000
Est. payment /mo
Active
405 N 1st Avenue Barstow, CA 92311
4,325 SqFt
UPDATED:
12/18/2024 03:26 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,325 sqft
Price per Sqft $242
MLS Listing ID CRPW24229440
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1955
Lot Size 8,400 Sqft
Property 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 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!
Location
State CA
County San Bernardino
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Building
Water Public
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