Seller's Agent in 2017
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
24 Total Sales
518 W Fredricks St Barstow, CA 92311
1
Bed
2
Baths
5,896
Sq Ft
0.52
Acres
About This Home
As of January 2017Highlights; 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. This 12 unit complex is located in Barstow Ca. The property is composed of ten studio units and two 1 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 Apartments are situated near three education centers, two city parks, and the Fort Irwin military base. Property must be purchased with 501 W Fredricks St. (24 Units MLS# IV16108396
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 0.52 Acre Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- 5,896 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 63
- Tax Tract Number 9400
- Assessor Parcel Number 0182113310000
Community Details
Overview
- 4 Buildings
- 12 Units
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,912
- Insurance Expense $2,400
- Professional Management Expense $2,881
- Trash Expense $2,912
- Water Sewer Expense $2,912
- New Taxes Expense $4,806
- Operating Expense $30,933
- Gross Income $6,323
- Net Operating Income $41,866
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2017 01/31/17 | Sold | $441,680 | -5.4% | $75 / Sq Ft |
| 09/23/2016 09/23/16 | Pending | -- | -- | -- |
| 05/20/2016 05/20/16 | For Sale | $466,667 | -- | $79 / 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 | $7,730 | $678,061 | $131,237 | $546,824 |
| 2024 | $7,593 | $664,766 | $128,664 | $536,102 |
| 2023 | $7,431 | $651,731 | $126,141 | $525,590 |
| 2022 | $7,401 | $638,952 | $123,668 | $515,284 |
| 2021 | $7,187 | $626,423 | $121,243 | $505,180 |
| 2020 | $7,199 | $620,000 | $120,000 | $500,000 |
| 2019 | $4,380 | $390,150 | $78,030 | $312,120 |
| 2018 | $4,598 | $382,500 | $76,500 | $306,000 |
| 2017 | $3,117 | $282,700 | $42,400 | $240,300 |
| 2016 | $2,993 | $269,300 | $40,400 | $228,900 |
| 2015 | $2,834 | $256,500 | $38,500 | $218,000 |
| 2014 | $2,871 | $256,500 | $38,500 | $218,000 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV16108458
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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