21-Unit Two-Story Apartment
511 E Fredricks Barstow, CA 92311
511 E Fredricks, Barstow, CA, 92311
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For Sale
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21 one-bedroom, one-bath units across two two-story buildings, with tenants paying gas and electricity.
Property Size12,968 SF
Lot Size0.62 Acres
Price / SF$169.65
Days on Market15
Property Features for 511 E Fredricks
General Information
- Standard status
- Active
- Size
- 12,968 SF
- Lot size
- 0.62 Acres
- Property subtype
- Multifamily
Listing agency
Le Investment Group
(909) 256-7889
Listed by
Darren Correa · License #CA
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 8:12AM Checked: Jul 21 at 8:12AM
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 Le Investment Group
Investment Insights
Based on property information with market context.
This 21-unit multifamily property features all one-bedroom, one-bathroom units distributed across two two-story buildings. The buildings total approximately 12,968 rentable square feet, with construction dates spanning from 1959 to 1964. Tenants pay for gas and electricity, which can help offset owner utility expenses. The property sits on approximately 0.62 acres.
511 E. Fredricks Street is located in Barstow’s High Desert community, with access to Interstate 15 and Interstate 40, as well as proximity to Downtown Barstow, shopping, dining, schools, and the Marine Corps Logistics Base.
As a residential income asset comprised entirely of one-bedroom, one-bath units, it is designed for straightforward leasing and management within a compact, two-building layout.
511 E. Fredricks Street is located in Barstow’s High Desert community, with access to Interstate 15 and Interstate 40, as well as proximity to Downtown Barstow, shopping, dining, schools, and the Marine Corps Logistics Base.
As a residential income asset comprised entirely of one-bedroom, one-bath units, it is designed for straightforward leasing and management within a compact, two-building layout.
Key Highlights
- 21‑unit multifamily property on approx. 0.62 acres in Barstow’s High Desert community
- All units are 1‑bedroom, 1‑bath across two two‑story buildings
- Total approx. 12,968 rentable SF
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $222.5k | $17.16 |
| − Vacancy | −$13.8k | −$1.06 |
| EGI | $208.7k | $16.10 |
| − OpEx | −$93.9k | −$7.24 |
| NOI | $114.8k | $8.85 |
12,968 SF · lease $17.16/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.44M – $1.91M
NOI $114,804 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.39M – $3.19M
NOI $191,479 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 21 one-bedroom, one-bath units across two two-story buildings, with tenants paying gas and electricity.
Where is this apartment building located?
The property is located at 511 E Fredricks Barstow, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 21‑unit multifamily property on approx. 0.62 acres in Barstow’s High Desert community; All units are 1‑bedroom, 1‑bath across two two‑story buildings; Total approx. 12,968 rentable SF
