Triplex with Individually Metered
For Sale
$354,900
309 Wilshire Place, Barstow, CA 92311
Three-unit triplex with private entrances and individually metered utilities for simplified tenant expense allocation.
Property Size1,916 SF
Days on Market98
Property Features for 309 Wilshire Place
General Information
Standard status
Active
Size
1,916 SF
Total Parking Spaces
2
Property subtype
Residential Income
Net Operating Income
$31,964
Additional Details
Utilities to Site
Yes
Amenities
Sidewalks
Evaporative Cooling, Wall/Window Unit(s)
Central
Neighborhood
Building Details
Building Size
1,916 SF
Year Built
1949
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Century 21 Experience
Listed By:
Christian Munoz · License #02138737
(760) 220-0703
Source:
Evrealestate
Added: Jul 27
Changed: Oct 26
Last Checked: Oct 30 at 2:40PM
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 Century 21 Experience
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Investment Insights
Based on property information with market context.
Well-maintained triplex offering three separate residential units, each with its own private entrance and individually metered utilities. This layout supports simplified tenant expense allocation and day-to-day management.
The unit mix includes two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. One unit has been fully remodeled, adding a more modern living space within the property.
The triplex also features two detached garages serving two of the units. The existing garages may offer future flexibility for an ADU or garage conversion, subject to city approval (buyer to verify with the city). Built in 1949, the property is located at 309 Wilshire Pl in Barstow, CA 92311.
The unit mix includes two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit. One unit has been fully remodeled, adding a more modern living space within the property.
The triplex also features two detached garages serving two of the units. The existing garages may offer future flexibility for an ADU or garage conversion, subject to city approval (buyer to verify with the city). Built in 1949, the property is located at 309 Wilshire Pl in Barstow, CA 92311.
Key Highlights
- Three‑unit triplex with separate private entrances
- Individually metered utilities for each unit
- Unit mix: two 1 bed/1 bath units and one 2 bed/1 bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,539
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,780
$390.8K
Cap Rate 7%
$279,129
$279.1K
Cap Rate 9%
$217,100
$217.1K
Market Conditions
NOI Build-Up for 1,916 SF
Gross rent
$29.7K $15.48/SF
− Vacancy
−$1.7K −$0.91/SF
EGI
$27.9K $14.57/SF
− OpEx
−$8.4K −$4.37/SF
NOI
$19.5K $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%
$390,780
Cap Rate 7%
$279,129
Cap Rate 9%
$217,100
Alternative Uses
Best Use
Multifamily LT 5
$279.1K
$244.2K – $325.7K
NOI $19,539 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,962 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$404.2K
$353.6K – $471.5K
NOI $28,291 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
976
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex with private entrances and individually metered utilities for simplified tenant expense allocation.
Where is this triplex located?
The property is located at 309 Wilshire Place Barstow, CA.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Three‑unit triplex with separate private entrances; Individually metered utilities for each unit; Unit mix: two 1 bed/1 bath units and one 2 bed/1 bath unit
