NOT LISTED FOR SALE

203 W Fredricks St Barstow, CA 92311

5 Beds
4 Baths
3,641 Sq Ft
0.34 Acres

Last Sold March 01, 2023

Last sale price $450,000 $124 Per Sq Ft

140 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wrought Iron Fence
  • Evaporated cooling system
  • Mountainous Community
  • Rectangular Lot

About This Home

As of March 2023

Great opportunity to invest in a manageable 6-unit apartment in Barstow, CA. Named Villa Della Collina and built in 1975, the 2-builidng Subject totals ±3,641 square feet of rentable space on a ±0.34 AC lot. The apartment, like its name, rests on a sloping upward street, with a gentle downward path as you get from the street to the back of the lot. The Subject includes both fully leased units and the charm that is only seen occasionally with the mid-seventies architecture. Foundation type is raised with crawlspace, stucco exterior, gable roof with wood frame construction and a common backyard area and private rear parking. Every unit has great layouts in studio, 2-bedroom, and 3-bedroom floorplans, hot water heaters, swamp coolers, ceiling fans, skylights and private tenant parking. Common area features include a laundry room with freezer, 8ft x 8ft storage space, a garden tool metal shed and a 14ft x 14ft Ramada/gazebo for outdoor enjoyment amongst the tenants and their guests. Fully fenced with full, matured landscape operated by drip irrigation, the Subject is well-maintained and operates budgetarily-friendly, even with added conveniences such as 4 outdoor security cameras for a little more piece of mind. The Subject is located in City of Barstow near other multi-family, Barstow High School, city buildings and law enforcement as well as only minutes from transportation, retail, dining, shopping, the famous Harvey House, Route 66 and access to the I-15 and I-40 freeways. The Subject has been owned by Seller for several years and is ready to move-on. Now is the time to take advantage of a cash flowing property and reap the benefits that have been created for the next investor.

Last Agent to Sell the Property

Tony Scafidi

Rigel Capital License #01887228 Listed on: 09/12/2022

Co-Listed By

James Langley

Rigel Capital License #01438775

Last Buyer's Agent

Tony Scafidi

Rigel Capital License #01887228 Listed on: 09/12/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Chain Link Fence
  • Fence is in average condition
  • Rectangular Lot
  • Density is 6-10 Units/Acre

Parking

  • 8 Parking Spaces

Home Design

  • Property Attached
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,641 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Evaporated cooling system

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 76 / 1
  • Tax Tract Number 9400
  • Assessor Parcel Number 0181092340000
  • $227 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • Mountainous Community
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,200
  • Maintenance Expense $2,540
  • Trash Expense $3,600
  • Water Sewer Expense $3,700
  • Operating Expense $14,040
  • Gross Income $41,228
  • Net Operating Income $27,798

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 3700.00
  • Property Type: Residential Income
  • Parcel Number: 0181092340000
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 123.59

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition, Block, Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3600.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Rectangular Lot
  • Lot Size Sq Ft: 15000.00
  • Lot Size Acres: 0.3444

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 41228.00
  • Gross Scheduled Income: 41228.00
  • Insurance Expense: 4200.00
  • Lot Size Area: 15000.0000 Square Feet
  • Maintenance Expense: 2540.00
  • Net Operating Income: 27798.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 13430.00
  • Rent Control: No
  • Total Actual Rent: 3900.00
  • Total Expenses: 14040.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 94.00
  • Tax Lot: 76
  • Tax Tract Number: 009400
  • TaxOtherAnnualAssessmentAmount: 227.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2023 03/01/23 Sold $450,000 -12.6% $124 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
12/23/2022 12/23/22 Price Changed $515,000 -1.9% $141 / Sq Ft
09/12/2022 09/12/22 For Sale $525,000 -- $144 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,143 $459,000 $91,800 $367,200
2024 $5,143 $450,000 $90,000 $360,000
2023 $120 $165,526 $25,494 $140,032
2022 $1,873 $162,280 $24,994 $137,286
2021 $1,818 $159,098 $24,504 $134,594
2020 $114 $157,467 $24,253 $133,214
2019 $112 $154,379 $23,777 $130,602
2018 $109 $151,352 $23,311 $128,041
2017 $107 $148,384 $22,854 $125,530
2016 $256 $145,475 $22,406 $123,069
2015 $104 $143,289 $22,069 $121,220
2014 $322 $140,482 $21,637 $118,845
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: HD22199772

California Regional Multiple Listing Service (CRMLS)