Barstow Multifamily Property For
For Sale
$579,000
1071 May Ln, Barstow, CA 92311
Well-maintained four-unit property with recent updates and rental potential.
Property Size3,424 SF
Days on Market147
Property Features for 1071 May Ln
General Information
Standard status
Active
Size
3,424 SF
Property subtype
Investment
Building Details
Building Size
3,424 SF
Year Built
1984
Stories
2
Units
4
Listed By:
Navjot Toor
Source:
Elliman
Added: Apr 24
Changed: Sep 10
Last Checked: Sep 16 at 6:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Navjot Toor
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property is located in Barstow, California, offering convenient access to major commuter routes, shopping, and local services. The quadplex consists of four units, each featuring two bedrooms and one bathroom, presenting steady rental potential. Recent improvements include a new roof on the entire structure, enhancing long-term durability. Unit 1 benefits from a new bathtub and AC system. Unit 2 has been updated with a new stove and dishwasher. The remaining units are maintained and functional. On-site parking is available. The property's layout is suited for long-term rental stability. The location has a bike score of 45, indicating it is somewhat bikeable, a walk score of 41, indicating car-dependent, and a transit score of 27, indicating some transit options are available. This property presents an opportunity for investors seeking a well-located asset.
Key Highlights
- Four 2‑bed/1‑bath units offer steady rental income potential.
- New roof ensures long‑term durability and reduces maintenance.
- Convenient Barstow location near commuter routes, shopping, and services.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,917
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,340
$698.3K
Cap Rate 7%
$498,814
$498.8K
Cap Rate 9%
$387,967
$388.0K
Market Conditions
NOI Build-Up for 3,424 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.0K $15.48/SF
− Vacancy
−$3.1K −$0.91/SF
EGI
$49.9K $14.57/SF
− OpEx
−$15.0K −$4.37/SF
NOI
$34.9K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,340
Cap Rate 7%
$498,814
Cap Rate 9%
$387,967
Alternative Uses
Best Use
Multifamily LT 5
$498.8K
$436.5K – $582.0K
NOI $34,917 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$433.0K
$378.9K – $505.2K
NOI $30,312 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$722.2K
$632.0K – $842.6K
NOI $50,557 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 92311, CA
34,524
Population
13,707
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
84%
High-School Grad
424.4 sq mi
ZIP Area
81
Density / Sq Mi
$59,338
Median Household Income
$38,871
Median Earnings
$1,081
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit property with recent updates and rental potential.
Where is this quadplex located?
The property is located at 1071 May Ln Barstow, CA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Four 2‑bed/1‑bath units offer steady rental income potential.; New roof ensures long‑term durability and reduces maintenance.; Convenient Barstow location near commuter routes, shopping, and services.
