Duplex on Large Fenced
For Sale
$135,000
27685 Waterman, Barstow, CA 92311
Duplex on 0.826-acre lot with detached two-car garage.
Property Size1,056 SF
Lot Size0.83 Acres
Days on Market275
Property Features for 27685 Waterman
General Information
Standard status
Active
Size
1,056 SF
Lot size
0.83 Acres
Property subtype
Duplex
Building Details
Building Size
1,056 SF
Year Built
1953
Stories
1
Listing Agency:
Keller Williams Realty Redlands
Listed By:
Adria Chamberlain · License #02032478
(760) 265-0065
Source:
Kw
Added: Jan 30
Changed: Oct 31
Last Checked: Oct 30 at 8:35PM
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 Keller Williams Realty Redlands
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Investment Insights
Based on property information with market context.
This property is zoned as a duplex and offers potential for investors. The demising wall separating the units was previously removed, but an investor has the option to restore it and return the property to its original duplex configuration, subject to buyer verification and approvals. It sits on a 0.826-acre fenced lot. A detached two-car garage provides additional value and potential for storage or workshop use. The property is in rough condition and will require significant work, making it suitable for investors, contractors, or buyers looking for a project with long-term potential. Reconfiguring the duplex, creating a large single residence, or exploring redevelopment options are all possibilities. The property is sold as-is, with no repairs or credits.
Key Highlights
- Zoned as a duplex, offering income potential or flexible living arrangements.
- Large 0.826‑acre fenced lot provides ample space and development possibilities.
- Detached two‑car garage adds value and potential for storage or workshop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,769
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,380
$215.4K
Cap Rate 7%
$153,843
$153.8K
Cap Rate 9%
$119,656
$119.7K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$16.3K $15.48/SF
− Vacancy
−$963 −$0.91/SF
EGI
$15.4K $14.57/SF
− OpEx
−$4.6K −$4.37/SF
NOI
$10.8K $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 Rate 5%
$215,380
Cap Rate 7%
$153,843
Cap Rate 9%
$119,656
Alternative Uses
Best Use
Multifamily LT 5
$153.8K
$134.6K – $179.5K
NOI $10,769 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$133.6K
$116.9K – $155.8K
NOI $9,349 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$222.7K
$194.9K – $259.9K
NOI $15,592 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on 0.826-acre lot with detached two-car garage.
Where is this duplex located?
The property is located at 27685 Waterman Barstow, CA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Zoned as a duplex, offering income potential or flexible living arrangements.; Large 0.826‑acre fenced lot provides ample space and development possibilities.; Detached two‑car garage adds value and potential for storage or workshop.
