1131 Barstow Road, Barstow, California 92311, Barstow, 92311 - bed, bath
ACTIVE$635,000
1131 Barstow Road, Barstow, California 92311
0Bed
0Bath
4,057Sqft
9,980Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: This is a 4-unit quadruplex explicitly designed as an income-generating property, with all units currently occupied, ensuring immediate rental income for a new owner.
Top Cons:
Significant Owner-Paid Utilities: The owner is responsible for water, sewer, trash, and common area electric/gas for all units, which can represent a substantial ongoing operating expense.
Compared to the nearby listings
Price:$635.0K vs avg $325.0K (+$310,000)89%
Size:4,057 sqft vs avg 1,536 sqft89%
Price/sqft:$157 vs avg $18744%
More Insights
Built in 1982 (43 years old).
Condition: Built in 1982, this property shows significant signs of age with no apparent major renovations. The kitchen features extremely dated light wood cabinets, worn laminate countertops, older white appliances, and dated linoleum flooring, along with an old fluorescent light fixture. The bathrooms are similarly outdated with old vanities, basic mirrors, strip lighting, and dated flooring. Carpets throughout the living areas appear worn. While the structure seems functional, the interior finishes, particularly in the kitchen and bathrooms, are in poor condition and require substantial rehabilitation and modernization to meet current standards and appeal to tenants.
Year Built
1982
Close
-
List price
$635K
Original List price
$675K
Price/Sqft
$157
HOA
-
Days on market
-
Sold On
-
MLS number
HD25108081
Home ConditionPoor
Features
Patio
View-
About this home
Grab this 4 unit investment property before someone else beats you to it. This two story Four Plex is located on Barstow Road. It has a total of 4057 square feet and was built in 1982. One of the units has 3 bedrooms and 2 bathroom with a fire place so would be a great opportunity for an owner who would like to live in one unit and rent out the others. There are two 2 bedroom 2 bath units, and one 2 bedroom 1 bath unit. Each unit has it's own electric and gas meter. Tenants pay for rental insurance and all their own utilities except for water, sewer & trash which are paid by Owner. A Fifth electric meter & gas meter provide the utilities for the common areas, these utilities are paid for by Owner. Operating expense info will be provided at a future date. All units are currently occupied, please do not disturb the tenants.
Condition Rating
Poor
Built in 1982, this property shows significant signs of age with no apparent major renovations. The kitchen features extremely dated light wood cabinets, worn laminate countertops, older white appliances, and dated linoleum flooring, along with an old fluorescent light fixture. The bathrooms are similarly outdated with old vanities, basic mirrors, strip lighting, and dated flooring. Carpets throughout the living areas appear worn. While the structure seems functional, the interior finishes, particularly in the kitchen and bathrooms, are in poor condition and require substantial rehabilitation and modernization to meet current standards and appeal to tenants.
Pros & Cons
Pros
Strong Investment Potential: This is a 4-unit quadruplex explicitly designed as an income-generating property, with all units currently occupied, ensuring immediate rental income for a new owner.
Owner-User Opportunity: One of the units features 3 bedrooms and 2 bathrooms with a fireplace, providing an attractive option for an owner to live on-site while renting out the other three units.
Individual Utility Metering: Each unit has its own electric and gas meter, which means tenants are responsible for these utilities, reducing the owner's operating costs and simplifying management.
Diverse Unit Configuration: The property offers a varied unit mix (one 3B/2B, two 2B/2B, one 2B/1B), catering to a broader range of tenant needs and potentially maximizing occupancy.
Recent Price Adjustment: The property has seen a significant price reduction from $675,000 to $635,000, potentially offering a more competitive entry point for investors.
Cons
Significant Owner-Paid Utilities: The owner is responsible for water, sewer, trash, and common area electric/gas for all units, which can represent a substantial ongoing operating expense.
Lack of Immediate Financial Transparency: Operating expense information is not immediately available ('will be provided at a future date'), which can hinder a buyer's ability to quickly and thoroughly assess the property's financial performance.
Age of Property & Potential Maintenance: Built in 1982, the property is over 40 years old, suggesting potential for aging systems, components, and deferred maintenance that may require future capital expenditures.