NOT LISTED FOR SALE

501 W Fredricks St Barstow, CA 92311

Barstow Area
3 Beds
2 Baths
17,268 Sq Ft
1.84 Acre Lot

Sale Details

Date Sold: January 31, 2017

Last sale price $883,320 $51 Per Sq Ft

126 Days on Market

About This Home

As of January 2017

Highlights; 100% Occupied, Competitive Offering Actual CAP Rate of 8.80 %, Competitive Offering Actual GRM of 6.22, upgraded units, new double pane windows, 98% occupancy non rent controlled area, priced to sale at $38,888/unit. The Garden View Apartments are 24 Units located in Barstow Ca. The property is composed of eight 1 bedroom 1 bathroom units and sixteen two bedroom 1 bathroom units. The property has been very well maintained and shows a pride of ownership. Updates include all new double pane vinyl windows, new hardwood flooring, and ceramic tiled kitchens and bathrooms. This apartment community sits on a 1.8 acre lot just north of Interstate 15, one mile west of Historic Route 66. The Garden View Apartments are situated near three education centers, two city parks, and the Fort Irwin military base. Property must be purchased with 518 W Fredricks St. (12 Units MLS# IV16108458)

Last Agent to Sell the Property

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 05/20/2016

Last Buyer's Agent

Albert Le

LE INVESTMENT GROUP License #01468313 Listed on: 05/20/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 1.84 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • 17,268 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 24 Parking Spaces
  • 24 Carport Spaces

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2783
  • Assessor Parcel Number 0182121140000

Community Details

Overview

  • 12 Buildings
  • 24 Units

Building Details

  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $5,824
  • Insurance Expense $4,800
  • Professional Management Expense $6,900
  • Trash Expense $5,824
  • Water Sewer Expense $5,824
  • New Taxes Expense $9,613
  • Operating Expense $61,867
  • Gross Income $12,510
  • Net Operating Income $83,733

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

1.84 Acres

Listing Details

  • Professional Management Expense: 6900.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5824.00
  • Property Type: Residential Income
  • Parcel Number: 0182121140000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 51.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 24.00
  • Total Parking Spaces: 24.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 5824.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 80150.00
  • Price Per Lot Square Foot: 11.64

Multi Family

  • Electric Expense: 5824.00
  • Gross Income: 12510.00
  • Gross Scheduled Income: 153264.00
  • Insurance Expense: 4800.00
  • Net Operating Income: 83733.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 24
  • Operating Expense: 61867.00
  • Rent Control: No
  • Total Expenses: 61867.00

Tax Info

  • New Taxes Expense: 9613.00
  • Tax Lot: 1
  • Tax Tract Number: 2783

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,169,000
Interest Rate
0.037%
Mortgage Type
Construction

Purchase Details

Listed on
May 20, 2016
Closed on
Jan 24, 2017
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$933,333
Sold Price
$883,320
Premium/Discount to List
-$50,013
-5.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$893,750
Interest Rate
0.043%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,000
Interest Rate
0.0612%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
0.0635%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,286
Interest Rate
0.0602%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
0.0598%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 29, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
0.0705%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,700,000 First American Title Company
$1,375,000 Old Republic Title
-- First Southwestern
$1,810,000 Fidelity
-- Fidelity National Title Co
$805,000 First American
$122,582 --
-- --
-- --
$325,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,194,700
Closed $1,250,000
Closed $1,169,000
Previous Owner $893,750
Previous Owner $1,053,000
Previous Owner $294,000
Previous Owner $800,000
Previous Owner $655,286
Previous Owner $648,000
Previous Owner $66,000
Previous Owner $330,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/31/2017 01/31/17 Sold $883,320 -5.4% $51 / Sq Ft
09/23/2016 09/23/16 Pending -- -- --
05/20/2016 05/20/16 For Sale $933,333 -- $54 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,504 $1,204,762 $267,726 $937,036
2025 $13,504 $1,181,139 $262,476 $918,663
2024 $13,263 $1,157,979 $257,329 $900,650
2023 $12,981 $1,135,273 $252,283 $882,990
2022 $12,929 $1,113,012 $247,336 $865,676
2021 $12,554 $1,091,188 $242,486 $848,702
2020 $12,576 $1,080,000 $240,000 $840,000
2019 $11,680 $1,040,400 $208,080 $832,320
2018 $12,260 $1,020,000 $204,000 $816,000
2017 $8,428 $763,200 $125,700 $637,500
2016 $8,494 $763,200 $125,700 $637,500
2015 $8,042 $726,800 $119,700 $607,100
2014 $8,147 $726,800 $119,700 $607,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16108396

California Regional Multiple Listing Service (CRMLS)
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