1040 May Ln - Apartments FOR SALE


Barstow, CA 92311
$1,800,000 USD
909-815-7324
1040 May Ln, Barstow, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/13
null | 5.49% Cap Rate

1040 May Ln
Barstow, CA 92311


OVERVIEW

CBRE is pleased to offer investors the chance to acquire May Lane Apartments, a well-maintained mid-sized apartment community located at 1040 May Lane, Barstow, CA. Built in 1986, this property features 14 units with a total of 22,950 rentable square feet, each offering 2 bedrooms and 2 bathrooms across 850 square feet of living space. Conveniently situated just off Interstate 15, May Lane Apartments is ideally positioned for easy access to transportation routes and is a popular choice for servicemen stationed at Fort Irwin, located just a half-hour drive to the east. Residents enjoy a range of amenities, including laundry facilities, a pool, a picnic area, and ample parking. Additionally, the property is surrounded by retail and shopping options, transportation services, and reputable school districts, making it an attractive investment opportunity in a stable rental market. This is a unique chance to invest in a community that combines comfort, convenience, and a strong tenant base. The Property has an additional 8 units with plans submitted to the city for approval.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

14

PRICE/UNIT

$128,571

CAP RATE

5.49%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

May Lane Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

58

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

R3, Barstow

APN/PARCEL ID

0428-122-28,0428-122-34,0428-122-44,0428-122-45

ASK ABOUT THIS PROPERTY

Cray CarlsonCBRE, Inc.More Info
909-815-7324

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Cray CarlsonCBRE, Inc.More Info
909-815-7324

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.