Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

932 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Fredericks Apartments 511-517 E Fredricks St 21 Unit Apartment Building $2,200,000 ($104,762/Unit) 5.45% Cap Rate Barstow, CA 92311

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

21-Unit Multifamily Community in Growing Barstow Market
Over 31% Rental Upside from In-Place to Market Rents
Tenant-Paid Gas & Electricity Reduces Operating Expenses

5.45% Current CAP Rate with Upside to 7.18% Pro Forma
100% One-Bedroom Unit Mix with Strong Workforce Housing Demand
Strategically Located Near I-15, I-40, Marine Corps Logistics Base & Brightline West High-Speed Rail Corridor

Executive Summary

511–517 E. Fredricks Street presents an opportunity to acquire a 21-unit multifamily community in the growing High Desert market of Barstow, California. The property consists entirely of one-bedroom/one-bathroom units spread across two buildings on approximately 0.62 acres and offers investors a stable workforce housing asset with significant upside potential. Currently operating at a 5.45% CAP rate with projected upside to a 7.18% pro forma CAP rate, the property provides a clear value-add opportunity through continued rental increases and operational optimization. Additional benefits include tenant-paid gas and electricity, strong occupancy fundamentals, and a strategic location near Interstate 15, Interstate 40, the Marine Corps Logistics Base, and the proposed Brightline West high-speed rail corridor. With immediate cash flow and long-term growth potential, 511–517 E. Fredricks Street represents an attractive investment opportunity in one of Southern California's key transportation and logistics markets.

Financial Summary (Actual - 2025) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$2,200,000	Apartment Style	Low-Rise
Price Per Unit	$104,762	Building Class	C
Sale Type	Investment	Lot Size	0.62 AC
Cap Rate	5.45%	Building Size	12,968 SF
Gross Rent Multiplier	8.92	No. Stories	2
No. Units	21	Year Built	1959
Property Type	Multifamily	Parking Ratio	0.81/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1

Price	$2,200,000
Price Per Unit	$104,762
Sale Type	Investment
Cap Rate	5.45%
Gross Rent Multiplier	8.92
No. Units	21
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.62 AC
Building Size	12,968 SF
No. Stories	2
Year Built	1959
Parking Ratio	0.81/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1