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8 Pack 38197 Williams

8 Unit Apartment Building $990,812 CAD ($123,851 CAD/Unit) Yermo, CA 92398

Executive Summary

This Property Consists of (8) Studio Casitas with Covered Front Patios, Tile Roofs and Each have their Own Electric and Gas Meters & a 9th Building used as Storage on one side and Coin Operated Laundry on the other side w/ (2) Washers and (2) Dryers. Property is Zoned Commercial. A Residential Loan is Not Available for this Property.
(4) Casitas were remodeled in 2015 and (4) Were Remodeled in 2018 w/ Permits through SB County.
Properties are Being Sold AS IS.
Sale Includes a Total of (4) Properties (2) Quad Plexe's and (2) Adjacent Vacant Lots currently used for Overflow Parking.
2022 Income was $70k!
2023 Income is Projected to be $79k+ w an 8% Vacancy Factor.
Attached Rent Roll is effective 12/1/23'.
The BNSF International Gateway is expected to bring 20,000 direct and indirect jobs to the Barstow Region.
Barstow has approved the new 29 Acre Cannabis Super Center at the Former Outlet Mall.
Seller is Also the Agent, Manager and has Owned the Properties since 2015. Seller is willing to Manage the Project for the Buyer. Seller has multiple Investment Properties in the Area. You will be hard pressed to find a better Investment Opportunity in SoCal!

Attachments

8 Pack Rent Roll

Property Facts

Price $990,812 CAD
Price Per Unit $123,851 CAD
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 3,088 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1948/2018

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 8 - 400

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0537-174-17
  • 0537-174-12
  • 0537-174-13
  • 0537-174-14
Land Assessment
$19,888 CAD
Improvements Assessment
$440,427 CAD
Total Assessment
$460,315 CAD

zoning

Zoning Code Rural Commercial (Rural Commercial)
Rural Commercial (Rural Commercial)
  • Listing ID: 29744074

  • Date on Market: 2023-10-09

  • Last Updated:

  • Address: 38197 Williams, Yermo, CA 92398

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