29867 N 1st , Barstow, CA 92311
$535,000
Est. Payment: $2,692.04/mo
4 Bed
2 Bath
5000 Sqft
Status: pending | Days on site: 22
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

These are very nice units in the growing city of Barstow. Barstow is located 30 miles north of Victorville in the Upper Desert. Barstow's future growth is estimated to double in the near future due to Barstow being the center of the Barstow International Gateway project. This plan includes a 5,000 acre rail & logistics hub led by BNSF Railway. This identified "BIG" facility is designed to streamline freight movement and position Barstow as a regional economic powerhouse. This includes a 9 MILLION SQUARE FOOT WAREHOUSE EMPLOYING 15,000+ NEW JOBS!! Please see details in documents attached. These units are located just north of Route 66 and central Barstow. Public & school bus stops are located in front of these units. Skyline Elementary is minutes walking distance away. The Walmart Superstore is just minutes away for shopping convenience. These units are just across the street from the San Bernardino County Welfare & Social Security offices, making it easy for tenants to get their checks! This complex consists of 7 units that includes front and rear buildings. The front building is a freestanding house, consisting of 3 bedrooms & 1 bath. The rear building contains six units, consisting of 1 bedroom's & 1 bath's each, side by side to each other. As you can see in the pictures, all units have tile flooring, wall heating, and window air conditioning. All units are separately metered with gas & electric which tenants sign up and pay for. Landlord's only operating expenses are water and trash. The income and expenses are LOCATED IN SUPPLEMENTS in the MARKET PACKAGE ATTACHED. THIS COMPLEX REALLY PERFORMS!!! At actual rents, we're putting out $84,780 annual gross income, a 6.31 Gross Rent Multiplier, a 12.28% Cap Rate, and a 27.52% Cash on Cash Return. Please note that after remodeling, the seller has intentionally left four units vacant to allow the buyer to bring in market rents and avoid rent control. For estimated rents for the vacant units, I used nearby RENT COMPS that are LOCATED IN SUPPLEMENTS in the MARKETING PACKAGE ATTACHED. At market rents, we're putting out $102,720 annual gross income, a 5.21 Gross Rent Multiplier, an unheard of 16.51% Cap Rate, and an eye opening 44.45% Cash on Cash Return!!! YOU CAN SEE THE DETAILS OF THIS IN SUPPLEMENTS IN THE MARKETING PACKAGE ATTACHED. Finally, please note that this offering IS LOCATED ON 3.7 ACRES. SO THERE'S HUGE ROOM TO ADD ON A LOT OF UNITS!!!!!

Highlights

Listed by Tony Burton , 951-375-7433 Burton Commercial, Inc. , 951-375-7433. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
3.7

Year Built

1955

County

San Bernardino

Area

BSTW - Barstow

Listing ID

SW26127673

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:
Other:Public

Exterior Features

Lot:2-5 Units/Acre,No Land Lease
Garage Capacity:0
Others:2+ Total Units
Sewer:Public Sewer
Principal Interest
$2,692
Taxes
$341

Home Price

$535,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$107,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,692.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,692.04 $341.06 $0.00 $3,033.10
Yearly $32,304.43 $4,092.75 $0.00 $36,397.18
Total $969,132.75 $122,782.50 $0.00 $1,091,915.25

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Barstow, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-08-08T08:36:43.000Z

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