Barstow, CA 92311,501 W Fredricks ST

$883,320

Est. payment /mo

$933,333

5.4%
Est.Price: ?

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501 W Fredricks ST Barstow, CA 92311

SOLD DATE : 01/31/2017

Key Details

Sold Price $883,320

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV16108396

Sold Date 01/31/17

HOA Y/N No

Year Built 1952

Property Description

Highlights; 100% Occupied, Competitive Offering Actual CAP Rate of 8.80 %, Competitive Offering Actual GRM of 6.22, upgraded units, new double pane windows, 98% occupancy non rent controlled area, priced to sale at $38,888/unit. The Garden View Apartments are 24 Units located in Barstow Ca. The property is composed of eight 1 bedroom 1 bathroom units and sixteen two bedroom 1 bathroom units. The property has been very well maintained and shows a pride of ownership. Updates include all new double pane vinyl windows, new hardwood flooring, and ceramic tiled kitchens and bathrooms. This apartment community sits on a 1.8 acre lot just north of Interstate 15, one mile west of Historic Route 66. The Garden View Apartments are situated near three education centers, two city parks, and the Fort Irwin military base. Property must be purchased with 518 W Fredricks St. (12 Units MLS# IV16108458)

Location

State CA

County San Bernardino

Area Bstw - Barstow

Interior

Fireplace No

Exterior

Carport Spaces 24

Pool None

Community Features Curbs

Utilities Available Sewer Connected

Total Parking Spaces 24

Private Pool No

Building

Lot Description 16-20 Units/Acre

Water Public

Others

Tax ID 0182121140000

Acceptable Financing Submit

Listing Terms Submit

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ALBERT LE • LE INVESTMENT GROUP
Bought with ALBERT LE • LE INVESTMENT GROUP

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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