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2320 E Main Street, Barstow, CA 92311$595,000

6
beds
4
baths
· 159865
ft2 lot

Listing provided courtesy of James Langley, Rigel Capital
Source bridgeMLS;
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INCOME PRODUCING Investment Opportunity!!!! Located on E. Main Street with ±200 Feet of Freeway visibility off Interstate 40 just east of the Wal-Mart Super Center. Zoned “Human Services” allowing for “a mix of Residential, Professional, Administrative & Commercial uses” according to the City of Barstow. The zoning would allow for 83 Multi-Family units with Sewer ±100 yards from the property. This property has 3 sources of income. 1) An Interstate 40 visible Billboard sign bringing $450 per month ($5,400 Annually). 2) A ±1,500 Sq. Ft. 2 story house bringing $1,400 per month ($16,800 Annually) and 3) A ±1,500 Sq. Ft. single story house bringing $1,400 per month ($16,800 Annually). That’s $39,000 of income Annually making this investment a 6.07% CAP Rate with a purchase price of $595,000. This fully fenced property is ±3.67 Acres with the residential houses being situated ±475 feet south of the northern property line giving the investor plenty of room for new commercial development for additional income. This property has access from E Main Street to the north and Armory Road to the south. Neighboring businesses include Wal-Mart, a fencing company, a sports bar & grill, a gym, a storage facility and a small trailer park. Additional shopping, dining and entertainment

HOA

No HOA

On market

2 months

Year built

1987

Property type

Other

Parking

MLS

CRHD22107501

Price / Sq.Ft.

ft2

Status

Active

Buyer’s Brokerage Commission

4%

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Home details for 2320 E Main Street

Interior Features & Layout
Appliances
•   
Laundry Appliances: Other, Inside Area
Rooms Info
•   
Unit 2 Baths: 2
•   
Unit 2 Beds: 3, 3
•   
Unit 1 Bathrooms: 2
Heating & Cooling
•   
Cooling Details: Central 1 Zone A/C
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Spaces Unit 1: 3
•   
Parking Details: Int Access From Garage, Other
Community Info
•   
Total Units In Complex: 3
Building Info
•   
Building Type: OTHER
•   
Mls Prop Type: OTHER
•   
Building Age: 3000
Lot Info
•   
Zoning: Huma
•   
Lot Description: Other
•   
Acres: 3.67
Property Type
•   
Mls Property Type: RESIDENTIAL INCOME
Exterior Features
•   
Exterior Features: Other
Utilities & Other Information
Other
•   
Fips Code: 06071
Water & Sewer Info
•   
Water / Sewer: Water - Private, Water - Public, Other
Utilities
•   
Utility Meters: Electric, Gas, Water
Listing Details, Costs & Financing Information
Lease Info
•   
Possession: COE
•   
Net Operating Income: 36150
•   
Monthly Rent Unit 1: 16800.00
•   
Monthly Rent Unit 2: 16800.00
•   
Monthly Rent Unit 3: 5400.00
Financial Info
•   
Gross Income: 39000
Terms
•   
Terms: Cash, Conventional, 1031 Exchange, FHA, VA, Submit
•   
Sale Or Rent: For Sale
Listing Info
•   
Status Category: Active
•   
Status: Active
Listing Details
•   
Exchange For
Listing Contacts
•   
Listing Agent Usercode: CR361180084
•   
Listing Agent First Name: James
•   
Listing Agent Middle Initial: R
•   
Listing Agent Last Name: Langley
Tax/Assessment Info
•   
Apn: 0424113140000
School Neighborhood & Directions
Location
•   
Directions: From I-15 North & I-40 take I-40 East & exit Monta
•   
Address: 2320 E Main Street, E
•   
Address Search Number: 2320
Other
Calculation
•   
List Price Per Sqft: 198
•   
Cdom Mls: 133
•   
Cdom: 133, 133

Neighborhood snapshot

82
Properties for sale
20
Median days on market
$171.92
Median sold price/sqft
100.38%
Sold/List %
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Property History for 2320 E Main Street

05/20/2022
05/20/2022
EBRD/CCAR/Bay East #CRHD22107501
active
EBRD/CCAR/Bay East #CRHD22107501
$595,000

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