129 May Avenue, Barstow, California 92311, Barstow, 92311 - bed, bath
ACTIVE$225,000
129 May Avenue, Barstow, California 92311
0Bed
0Bath
1,488Sqft
6,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: As a triplex (Residential Income property), it offers significant potential for multiple rental streams, appealing strongly to investors seeking consistent cash flow.
Top Cons:
Extensive Fire Damage: The property has sustained fire damage, indicating a need for significant and costly remediation, reconstruction, and potential structural repairs.
Compared to the nearby listings
Price:$225.0K vs avg $280.0K ($-55,000)22%
Size:1,488 sqft vs avg 1,512 sqft44%
Price/sqft:$151 vs avg $18733%
More Insights
Built in 1958 (67 years old).
Condition: The property, built in 1958, is explicitly described as having 'Fire Damage' and is sold 'AS IS.' Images confirm extensive fire damage, including a compromised and charred roof structure, broken windows, and severely damaged interiors. The property is unlivable in its current condition, and the extent of structural damage suggests that repair costs would likely exceed the value of rehabilitation, making its primary value in the land for redevelopment.
Year Built
1958
Close
-
List price
$225K
Original List price
$225K
Price/Sqft
$151
HOA
-
Days on market
-
Sold On
-
MLS number
HD25099757
Home ConditionTear down
Features
View-
About this home
Fire Damage. Investor Special. AS IS.
Nearby schools
2/10
Henderson Elementary School
Public,•K-6•0.5mi
3/10
Cameron Elementary School
Public,•K-6•1.2mi
5/10
Skyline North Elementary School
Public,•K-6•2.1mi
1/10
Barstow Junior High School
Public,•7-8•1.4mi
4/10
Barstow High School
Public,•9-12•0.3mi
Condition Rating
Tear down
The property, built in 1958, is explicitly described as having 'Fire Damage' and is sold 'AS IS.' Images confirm extensive fire damage, including a compromised and charred roof structure, broken windows, and severely damaged interiors. The property is unlivable in its current condition, and the extent of structural damage suggests that repair costs would likely exceed the value of rehabilitation, making its primary value in the land for redevelopment.
Pros & Cons
Pros
Multi-Unit Income Potential: As a triplex (Residential Income property), it offers significant potential for multiple rental streams, appealing strongly to investors seeking consistent cash flow.
Investor Special Designation: Explicitly marketed as an 'Investor Special,' this property is positioned for buyers looking for a value-add project with potential for substantial returns after renovation.
Significant Value-Add Opportunity: The 'Fire Damage' and 'AS IS' condition, combined with its multi-unit status, presents a prime opportunity for a savvy investor to renovate, increase property value, and maximize rental income.
Desirable Lot Size: The 6,000 sqft lot provides ample space for the triplex structure, offering potential for outdoor amenities or future landscaping improvements post-renovation.
Strategic Location in Barstow: Barstow's role as a transportation hub and its ongoing development can contribute to a stable rental market and potential long-term appreciation for a well-renovated income property.
Cons
Extensive Fire Damage: The property has sustained fire damage, indicating a need for significant and costly remediation, reconstruction, and potential structural repairs.
Sold 'As-Is' Condition: Being sold 'As-Is' means the seller will not undertake any repairs, placing the full financial and logistical burden of all necessary renovations, including fire damage, squarely on the buyer.
Age of Property: Built in 1958, the property's age suggests potential for outdated systems (plumbing, electrical), and possible presence of hazardous materials like lead paint or asbestos, adding to renovation complexities and costs beyond the fire damage.