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Fredericks Apartments 511-517 E Fredricks St 21 Unit Apartment Building $3,070,364 CAD ($146,208 CAD/Unit) 5.45% Cap Rate Barstow, CA 92311

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Investment Highlights

21-Unit Multifamily Community in Growing Barstow Market
Over 31% Rental Upside from In-Place to Market Rents
Tenant-Paid Gas & Electricity Reduces Operating Expenses

5.45% Current CAP Rate with Upside to 7.18% Pro Forma
100% One-Bedroom Unit Mix with Strong Workforce Housing Demand
Strategically Located Near I-15, I-40, Marine Corps Logistics Base & Brightline West High-Speed Rail Corridor

Executive Summary

511–517 E. Fredricks Street presents an opportunity to acquire a 21-unit multifamily community in the growing High Desert market of Barstow, California. The property consists entirely of one-bedroom/one-bathroom units spread across two buildings on approximately 0.62 acres and offers investors a stable workforce housing asset with significant upside potential. Currently operating at a 5.45% CAP rate with projected upside to a 7.18% pro forma CAP rate, the property provides a clear value-add opportunity through continued rental increases and operational optimization. Additional benefits include tenant-paid gas and electricity, strong occupancy fundamentals, and a strategic location near Interstate 15, Interstate 40, the Marine Corps Logistics Base, and the proposed Brightline West high-speed rail corridor. With immediate cash flow and long-term growth potential, 511–517 E. Fredricks Street represents an attractive investment opportunity in one of Southern California's key transportation and logistics markets.

Financial Summary (Actual - 2025) Click Here to Access	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Other Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Vacancy Loss (CAD)
Annual	$99,999
Annual Per SF	$9.99

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Price	$3,070,364 CAD	Apartment Style	Low-Rise
Price Per Unit	$146,208 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.62 AC
Cap Rate	5.45%	Building Size	12,968 SF
Gross Rent Multiplier	8.92	No. Stories	2
No. Units	21	Year Built	1959
Property Type	Multifamily	Parking Ratio	0.81/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1

Price	$3,070,364 CAD
Price Per Unit	$146,208 CAD
Sale Type	Investment
Cap Rate	5.45%
Gross Rent Multiplier	8.92
No. Units	21
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.62 AC
Building Size	12,968 SF
No. Stories	2
Year Built	1959
Parking Ratio	0.81/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-1