NOT LISTED FOR SALE

910 Mount Vernon St Barstow, CA 92311

Barstow Area
10 Beds
6 Baths
4,478 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: June 21, 2019

Last sale price $395,000 $88 Per Sq Ft

76 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 6 Detached Carport Spaces
  • No HOA

About This Home

As of June 2019

We are proud to offer this 6-unit property built in 1963 in a residential neighborhood; approx. 11,685 sq ft, great unit mix composed of (4) 2-1 and (2) 1 -1 units. NO VACANCIES. Actual CAP RATE of 8.45%, and GRM of 6.97. The city has NO RENT CONTROL. Capital improvements include recently painted exterior, new double-pane windows, upgraded laminate flooring, and retaining wall installed. LAUNDRY ROOM on site. Property shows great pride of ownership. Barstow is located in San Bernardino County and is a major transportation center for the Inland Empire, major interstates 15 and 40, and State Route 58 serving more than 60 million travelers and 19 million vehicles visiting each year. The city is midway between Los Angeles, CA and Las Vegas, NV. The City also serves as the gateway to Fort Irwin home of the U.S. Army’s National training center where 50,000 service members train every year, the Marine Corps Logistical Base covering 5,000 acres and employs 2,500 people, and NASA’s Goldstone Deep Space Communication Complex, major maintenance hub for BNSF Railway. Outlets at Barstow providing more than 40 stores; including Michael Kors, Swarovki, Kipling, Kate Spade, Coach Factory, and Polo Ralph Lauren. Proposed 23 acre Casino & Resort approved by Barstow City Council, cost $160 million creating 1,065 construction jobs and 1,000 permanent jobs. Call for full details of economic development projects past and present increasing long term value.

Last Agent to Sell the Property

Dorance Creighton

CREIGHTON REAL ESTATE License #01754629 Listed on: 03/06/2019

Last Buyer's Agent

Al Lopez

LAT Investments License #01313673

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 14,685 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Apartment

Interior Spaces

  • 4,478 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Detached Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 9
  • Assessor Parcel Number 0183021040000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $1,800
  • Professional Management Expense $5,750
  • Trash Expense $3,960
  • Water Sewer Expense $2,832
  • New Taxes Expense $4,496
  • Operating Expense $20,338
  • Gross Income $57,384
  • Net Operating Income $33,776

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.34 Acres

Listing Details

  • Assessments: Yes
  • CapRate: 8.45
  • Professional Management Expense: 5750.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2832.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0183021040000
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Price Per Square Foot: 88.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 3960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 14685.00
  • Lot Size Acres: 0.3371

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 639 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 57384.00
  • Gross Operating Income: 57384.00
  • Gross Scheduled Income: 57384.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 14685.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 33776.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 20338.00
  • Rent Control: No
  • Total Actual Rent: 4782.00
  • Total Expenses: 20338.00
  • Vacancy Allowance Rate: 5.70

Tax Info

  • New Taxes Expense: 4496.00
  • Tax Lot: 9

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

Listed on
Mar 6, 2019
Closed on
Jun 11, 2019
Sold by
Bought by
Seller's Agent
Dorance Creighton
CREIGHTON REAL ESTATE
Buyer's Agent
Al Lopez
LAT Investments
List Price
$399,900
Sold Price
$395,000
Premium/Discount to List
-$4,900
-1.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Outstanding Balance
$238,500
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2015
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
$165,000
Interest Rate
3.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 24, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Barstow, CA

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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
$395,000 Lawyers Title Company
$180,000 Title 365
-- First American Title Ins 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 $276,500
Previous Owner $165,000
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
06/21/2019 06/21/19 Sold $395,000 -1.2% $88 / Sq Ft
05/21/2019 05/21/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $399,900 -- $89 / 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 $2,179 $232,000 $60,000 $172,000
2025 $2,179 $124,477 $43,296 $81,181
2024 $2,094 $122,038 $42,448 $79,590
2023 $2,094 $119,646 $41,616 $78,030
2022 $2,039 $165,240 $40,800 $124,440
2021 $1,364 $67,398 $15,378 $52,020
2020 $1,329 $66,708 $15,221 $51,487
2019 $1,463 $80,110 $26,010 $54,100
2018 $1,277 $64,117 $14,630 $49,487
2017 $1,267 $62,861 $14,344 $48,517
2016 $1,185 $61,629 $14,063 $47,566
2015 $1,173 $60,704 $13,852 $46,852
2014 $1,137 $59,516 $13,581 $45,935
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV19051508

California Regional Multiple Listing Service (CRMLS)
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