204 Woodham Ave, Barstow, CA 92311-8621
- Apartment buildings
- 3,960 SF
- 0.35 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 204 Woodham Ave
- Year built
- 1959
- Construction
- WOOD FRAME
- Lot size
- 0.35 lot acres
- Property type
- Apartment buildings
- APN
- 0427-201-05-0000
- APU
- 427201050000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 30, 2018 | — | Timothy L Woods III | — | Deed · related | $210k · Daniel Roman |
| Jan 8, 2015 | — | Timothy L Woods III | Woods,timothy L III | Quit Claim Deed · related | $125k · Winny Pro Trust (ct) |
| Feb 2, 2011 | $138,750 | Timothy L Woods III | First American Title Ins | Trustees Deed · related | — |
| Jul 14, 2006 | $510,000 | Reginald W Martin III | Ferguson Family Trust | Grant Deed | $325k · California National Bank |
| Feb 15, 2006 | — | Ferguson Family Trust | Ferguson,eddie & Alma | Quit Claim Deed · related | — |
| Feb 16, 2005 | $369,000 | Eddie Ferguson | Dang,melvin M | Grant Deed | $269k · Melvin M Dang |
| Feb 16, 2005 | — | Melvin M Dang | Midstream Exchange | Grant Deed | — |
| Oct 1, 2004 | — | Mel Dang | Dang,janet L | Quit Claim Deed · related | — |
| Sep 28, 2004 | — | Midstream Exchange Co | 26870 St Lawrence Trust | Grant Deed · related | — |
| Jul 29, 2002 | $115,000 | Kwan Trust | Merchant,tohmas L & Jeane L | Grant Deed | $75k · Tohmas L & Jeane L Merchant |
| Sep 5, 1995 | $131,896 | Thomas L Merchant | Smith,gordon E | Trustees Deed | — |
| — | — | Timothy L Woods III | — | Deed Of Trust · related | $210k · Daniel Roman |
| — | — | Timothy L Woods III | — | Loan Modification · related | $175k · Winny Pro Trust (ct) |
| — | — | Alberto Sisneros | — | Deed Of Trust · related | $45k · Bank Of America |
Description
This exceptional value-add investment opportunity presents an 11-unit apartment building located at 204 Woodham Ave, Barstow, CA 92311, in San Bernardino County. The property, built in 1959 and renovated in 2023, boasts 3,960 square feet of net rentable space situated on a 15,130 square foot lot. The single-story building features eleven spacious studio apartments, each equipped with a full bathroom and well-equipped kitchen, offering ample storage. On-site laundry facilities cater to residents' convenience. Seven of the eleven units have been fully updated. Currently operating at 63% occupancy, the property generates a Net Operating Income (NOI) of $52,852, with a pro-forma NOI projected at $66,510, representing a 5.71% current cap rate and a 7.19% pro-forma cap rate. The asking price is $925,000, translating to $84,091 per unit and $233.59 per square foot. One parking space is available. An added benefit is an adjacent vacant lot, offering potential for future expansion or development. The property is conveniently located in the heart of a residential neighborhood in Barstow, providing easy access to major highways, shopping centers, and dining options. This property offers a compelling blend of stable income and significant upside potential.
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Location Insight
- Map
- Local Demand
- City
- Barstow
- County
- San Bernardino
- State
- California
- Longitude
- -117.075
- Latitude
- 34.8861
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
