1071 May Lane, Barstow, California 92311, Barstow, 92311 - bed, bath
ACTIVE$610,000$3,424/sqft
1071 May Lane, Barstow, California 92311
0Bed
0Bath
3,424Sqft
10,400Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Diversified Income Stream: As a quadplex with four 2-bed/1-bath units, the property offers a diversified rental income stream, mitigating vacancy risk and providing stable cash flow potential for investors.
Top Cons:
Partial Modernization: While some units have received updates, the description notes that 'The remaining units are maintained and functional,' suggesting they may not be fully modernized, which could limit overall rent growth without further investment.
Compared to the nearby listings
Price:$610.0K vs avg $290.0K (+$320,000)91%
Size:3,424 sqft vs avg 1,512 sqft91%
Price/sqft:$178 vs avg $20036%
More Insights
Built in 1984 (42 years old).
Condition: Built in 1984, this property is 40 years old. While it benefits from recent functional updates like a new roof, a new AC and bathtub in Unit 1, and new stove and dishwasher in Unit 2, the overall aesthetic of the kitchens and bathrooms across the units appears dated. The kitchens feature older white cabinets, laminate countertops, and basic appliances (where not recently replaced), complemented by terracotta-style tile flooring. Bathrooms show basic vanities and fiberglass tub/shower combos. The mixed flooring (older tile and newer laminate) and basic light fixtures throughout indicate a property that is well-maintained and functional but has not undergone a full, extensive renovation within the last 15 years. It requires minor updates to modernize the interior styles and features.
Year Built
1984
Close
-
List price
$610K
Original List price
$610K
Price/Sqft
$178
HOA
-
Days on market
-
Sold On
-
MLS number
SW25281629
Home ConditionFair
Features
Patio
View-
About this home
Well-maintained 4-unit multifamily property in a convenient Barstow location near major commuter routes, shopping, and local services. This quadplex offers four 2-bed/1-bath units with steady rental potential and several recent improvements to the building. The property features a new roof on the entire structure, supporting long-term durability and reduced maintenance needs. Unit 1 includes a new bathtub and a new AC system, providing added comfort for occupants. Unit 2 has been updated with a new stove and dishwasher, offering flexibility for owner-occupancy or placement of a new tenant at market rent. The remaining units are maintained and functional, and the property includes on-site parking and a practical layout suited for long-term rental stability. With essential updates already completed and consistent demand for multi-unit housing in the area, this property presents a solid opportunity for investors seeking a well-located Barstow asset.
N
Navjot Toor
Listing Agent
Nearby schools
2/10
Henderson Elementary School
Public,•K-6•0.6mi
3/10
Cameron Elementary School
Public,•K-6•1.2mi
5/10
Skyline North Elementary School
Public,•K-6•2.7mi
1/10
Barstow Junior High School
Public,•7-8•1.1mi
4/10
Barstow High School
Public,•9-12•0.6mi
Price History
Date
Event
Price
06/11/24
Sold
$560,000
11/09/23
Sold
$2,300,000
05/03/16
Sold
$509,000
Condition Rating
Fair
Built in 1984, this property is 40 years old. While it benefits from recent functional updates like a new roof, a new AC and bathtub in Unit 1, and new stove and dishwasher in Unit 2, the overall aesthetic of the kitchens and bathrooms across the units appears dated. The kitchens feature older white cabinets, laminate countertops, and basic appliances (where not recently replaced), complemented by terracotta-style tile flooring. Bathrooms show basic vanities and fiberglass tub/shower combos. The mixed flooring (older tile and newer laminate) and basic light fixtures throughout indicate a property that is well-maintained and functional but has not undergone a full, extensive renovation within the last 15 years. It requires minor updates to modernize the interior styles and features.
Pros & Cons
Pros
Diversified Income Stream: As a quadplex with four 2-bed/1-bath units, the property offers a diversified rental income stream, mitigating vacancy risk and providing stable cash flow potential for investors.
Significant Capital Improvements Completed: The recent installation of a new roof across the entire structure represents a major capital expenditure already handled, reducing immediate maintenance burdens and long-term costs for the new owner.
Strategic & Convenient Location: Its location in Barstow near major commuter routes, shopping, and local services enhances tenant appeal, contributing to higher occupancy rates and easier tenant placement.
Recent Unit-Specific Upgrades: Specific improvements like a new AC and bathtub in Unit 1, and a new stove and dishwasher in Unit 2, make these units more attractive and potentially ready for market-rate rents without immediate additional investment.
Strong Local Rental Demand: The property benefits from 'consistent demand for multi-unit housing in the area,' indicating a robust rental market and a favorable environment for investors seeking stable tenancy.
Cons
Partial Modernization: While some units have received updates, the description notes that 'The remaining units are maintained and functional,' suggesting they may not be fully modernized, which could limit overall rent growth without further investment.
Age of Property & Potential for Deferred Maintenance: Built in 1984, the property is 40 years old. Despite a new roof, other major systems (e.g., plumbing, electrical, windows) may be original or older, potentially requiring future capital expenditures.
Limited Unit-Specific Details: The property description highlights upgrades in only two of the four units, leaving some ambiguity regarding the exact condition and market readiness of the remaining two units, which may require further assessment.