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 Market53
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: Sep 8
Last Checked: Sep 16 at 1:22PM
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
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 = 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
$19,539
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
5.51%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
976
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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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
