NOT LISTED FOR SALE

221 N 3rd Ave Barstow, CA 92311

10 Beds
10 Baths
6,864 Sq Ft
16,501 Sq Ft Lot

Last Sold September 26, 2024

Last sale price $925,000 $135 Per Sq Ft

121 Days on Market

Highlights

  • Gated Parking
  • Mountain View
  • Security Fence
  • 0.38 Acre Lot
  • Tile Flooring
  • Wall Furnace

About This Home

As of September 2024

Back on the Market ! Welcome to an unparalleled opportunity in the heart of picturesque downtown Barstow—a chance to own 12 charming one-bedroom apartments nestled within the historical charm of downtown Barstow. Security gates provided for added peace of mind and privacy. Please Take a look at the opportunity to purchase 20 units next door at 213 3rd Ave MLS # IG24058611. Don't miss your chance to own a piece of downtown Barstow's rich tapestry. Seize this opportunity to invest in a thriving community and embark on a journey towards prosperity and success. All Apartments are rent ready. Motivated Seller. All Units have been remodel. A great Buy!

Last Agent to Sell the Property

Rochelle Guerra

TNG Real Estate Consultants Brokerage Phone: 562-619-9386 License #01502933 Listed on: 04/11/2024

TNG Real Estate Consultants

Last Buyer's Agent

Richard Valderrama Calle

The Dara Group Inc. License #02148207

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 16,500 Sq Ft Lot
  • 1 Common Wall
  • Security Fence
  • Electric Fence
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 6,864 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • Gated Parking
  • Paved Parking
  • On-Street Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, gas
  • Legal Lot and Block 15 / 5
  • Tax Tract Number 2044
  • Assessor Parcel Number 0181075420000
  • $467 per year additional tax assessments

Community Details

Overview

  • 12 Units

Building Details

  • 6 Leased Units
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $576
  • Insurance Expense $4,000
  • Maintenance Expense $300
  • Professional Management Expense $7,325
  • Trash Expense $3,000
  • Water Sewer Expense $3,240
  • New Taxes Expense $12,000
  • Operating Expense $43,497
  • Gross Income $124,020
  • Net Operating Income $80,523

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0.38 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 6.29
  • Professional Management Expense: 7325.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 3240.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 0181075420000
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 134.76

Exterior Features

  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Electric, Security
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking Features: Paved, Gated, Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 16500.00
  • Lot Size Acres: 0.3788

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 575 Square Feet
  • Electric Expense: 576.00
  • Gross Income: 124020.00
  • Gross Operating Income: 80523.00
  • Gross Scheduled Income: 124020.00
  • Insurance Expense: 4000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 16500.0000 Square Feet
  • Maintenance Expense: 300.00
  • Net Operating Income: 80523.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 12
  • Number With Range: 12
  • Operating Expense: 43497.00
  • Rent Control: No
  • Total Actual Rent: 4300.00
  • Total Expenses: 43497.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Block: 5
  • Tax Census Tract: 94.00
  • Tax Lot: 15
  • Tax Tract Number: 2044
  • TaxOtherAnnualAssessmentAmount: 467.00
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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
09/26/2024 09/26/24 Sold $925,000 -7.5% $135 / Sq Ft
08/11/2024 08/11/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $1,000,000 +8.1% $146 / Sq Ft
07/29/2024 07/29/24 Off Market $925,000 -- --
07/19/2024 07/19/24 For Sale $1,000,000 +8.1% $146 / Sq Ft
07/18/2024 07/18/24 Off Market $925,000 -- --
07/10/2024 07/10/24 For Sale $1,000,000 +8.1% $146 / Sq Ft
07/09/2024 07/09/24 Off Market $925,000 -- --
04/11/2024 04/11/24 For Sale $1,000,000 -- $146 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,552 $925,000 $185,000 $740,000
2024 $4,182 $369,794 $34,134 $335,660
2023 $4,092 $362,543 $33,465 $329,078
2022 $4,077 $355,434 $32,809 $322,625
2021 $3,958 $348,465 $32,166 $316,299
2020 $3,966 $344,892 $31,836 $313,056
2019 $3,755 $338,130 $31,212 $306,918
2018 $3,944 $331,500 $30,600 $300,900
2017 $1,899 $174,011 $8,420 $165,591
2016 $1,876 $170,599 $8,255 $162,344
2015 $1,837 $168,036 $8,131 $159,905
2014 $1,825 $164,745 $7,972 $156,773
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG24058602

California Regional Multiple Listing Service (CRMLS)
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