29867 N 1st, Barstow, CA 92311
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
29867 N 1st,Barstow, CA 92311
$535,000
- - Beds
- - Baths
- 5,000 sq. ft.
- Multi-family
- Pending
Listed by: tony burton
Office: burton commercial, inc.951-375-7433
MLS#:SW26127673
Source:CRMLS
Price summary
- Price:$535,000
- Price per sq. ft.:$107
About this home
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!!!!!...
Contact an agent
Home facts
- Year built:1955
- Listing ID #:SW26127673
- Added:63 day(s) ago
- Updated:August 14, 2026 at 08:45 AM
Rooms and interior
- Living area:5,000 sq. ft.
Structure and exterior
- Year built:1955
- Building area:5,000 sq. ft.
- Lot area:3.7 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$535,000
- Price per sq. ft.:$107
New listings near 29867 N 1st
- New
$188,000Active1 beds 1 baths909 sq. ft.25562 Bejoal, Barstow, CA 92311
MLS# SR26176417Listed by: LUXURY COLLECTIVE - New
$215,000Active3 beds 1 baths950 sq. ft.25824 Us Highway 58, Barstow, CA 92311
MLS# CV26177021Listed by: REALTY MASTERS & ASSOCIATES - New
$380,000Active3 beds 2 baths1,847 sq. ft.1360 Savanna, Barstow, CA 92311
MLS# IG26161423Listed by: REALTY MASTERS & ASSOCIATES - New
$236,000Active2 beds 2 baths900 sq. ft.25845 Us Highway 58, Barstow, CA 92311
MLS# IV26174972Listed by: COLDWELL BANKER REALTY - New
$155,000Active4 beds 3 baths1,893 sq. ft.116 E Fredrick St, Barstow, CA 92311
MLS# TR26174292Listed by: KELLER WILLIAMS - New
$280,000Active3 beds 1 baths1,014 sq. ft.950 Lance, Barstow, CA 92311
MLS# DW26175200Listed by: EXCELLENCE RE REAL ESTATE, INC. - New
$325,000Active4 beds 2 baths1,242 sq. ft.36370 Oleander, Barstow, CA 92311
MLS# HD26174019Listed by: ALAM REALTY - New
$275,000Active3 beds 2 baths1,216 sq. ft.25595 Cheryle, Barstow, CA 92311
MLS# CV26172453Listed by: PLEASANT HILL REAL ESTATE GROUP - New
$199,000Active1.25 Acres28124 Apache, Barstow, CA 92311
MLS# HD26171904Listed by: COLDWELL BANKER HOME SOURCE - New
$30,000Active2 beds 1 baths1980 E Main St #6, Barstow, CA 92311
MLS# IG26171518Listed by: PONCE & PONCE REALTY, INC