407 Barstow Rd, Barstow, CA 92311

Property Description

We are proud to offer this duplex property was built in 1936 situated in a residential neighborhood; approximately 525 sq ft according to the assessor, with unit mix composed of (2) 1 bedroom / 1 bath units. Competitive offering with actual CAP RATE of 7.5% and GRM of 7.4% Property shows great pride of ownership. Barstow is located in San Bernardino County and is a major transportation center for the Inland Empire, major interstates 15 and 40, and State Route 58 serving more than 60 million travelers and 19 million vehicles visiting each year. The city is midway between Los Angeles, CA and Las Vegas, NV. The City also serves as the gateway to Fort Irwin home of the U.S. Army’s National training center where 50,000 service members train every year, the Marine Corps Logistical Base covering 5,000 acres and employs 2,500 people, and NASA’s Goldstone Deep Space Communication Complex, major maintenance hub for BNSF Railway who announced end of 2018 expansion of their facilities investing $230 million for the their CA expenditure program. Outlets at Barstow providing more than 40 stores; including Michael Kors, Swarovki, Kipling, Kate Spade, Coach Factory, and Polo Ralph Lauren. Proposed 23 acre Casino & Resort approved by Barstow City Council, cost $160 million creating 1,065 construction jobs and 1,000 permanent jobs. Call for more details of economic development past and present increasing long term value.