8 Pack 38197 Williams
8 Unit Apartment Building $699,000 ($87,375/Unit) Yermo, CA 92398
EXECUTIVE SUMMARY
This Property Consists of (8) Studio Casitas with Covered Front Patios, Tile Roofs and Each have their Own Electric and Gas Meters & a 9th Building used as Storage on one side and Coin Operated Laundry on the other side w/ (2) Washers and (2) Dryers. Property is Zoned Commercial. A Residential Loan is Not Available for this Property.
(4) Casitas were remodeled in 2015 and (4) Were Remodeled in 2018 w/ Permits through SB County.
Properties are Being Sold AS IS.
Sale Includes a Total of (4) Properties (2) Quad Plexe's and (2) Adjacent Vacant Lots currently used for Overflow Parking.
2022 Income was $70k!
2023 Income is Projected to be $79k+ w an 8% Vacancy Factor.
Attached Rent Roll is effective 12/1/23'.
The BNSF International Gateway is expected to bring 20,000 direct and indirect jobs to the Barstow Region.
Barstow has approved the new 29 Acre Cannabis Super Center at the Former Outlet Mall.
Seller is Also the Agent, Manager and has Owned the Properties since 2015. Seller is willing to Manage the Project for the Buyer. Seller has multiple Investment Properties in the Area. You will be hard pressed to find a better Investment Opportunity in SoCal!
(4) Casitas were remodeled in 2015 and (4) Were Remodeled in 2018 w/ Permits through SB County.
Properties are Being Sold AS IS.
Sale Includes a Total of (4) Properties (2) Quad Plexe's and (2) Adjacent Vacant Lots currently used for Overflow Parking.
2022 Income was $70k!
2023 Income is Projected to be $79k+ w an 8% Vacancy Factor.
Attached Rent Roll is effective 12/1/23'.
The BNSF International Gateway is expected to bring 20,000 direct and indirect jobs to the Barstow Region.
Barstow has approved the new 29 Acre Cannabis Super Center at the Former Outlet Mall.
Seller is Also the Agent, Manager and has Owned the Properties since 2015. Seller is willing to Manage the Project for the Buyer. Seller has multiple Investment Properties in the Area. You will be hard pressed to find a better Investment Opportunity in SoCal!
PROPERTY FACTS
| Price | $699,000 |
| Price Per Unit | $87,375 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,088 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1948/2018 |
UNIT AMENITIES
- Air Conditioning
- Eat-in Kitchen
- Oven
- Range
- Family Room
SITE AMENITIES
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | 400 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $313,159 | |
| Land Assessment | $14,141 | Total Assessment | $327,300 |
ZONING
| Zoning Code | Rural Commercial (Rural Commercial) |
CONTACT
-
Dustin Click - Daybreak Management, Inc.
