| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Poor |
| Demographics | 19th | Poor |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Dill Rd, Barstow, CA, 92311, US |
| Region / Metro | Barstow |
| Year of Construction | 1981 |
| Units | 56 |
| Transaction Date | 2018-09-13 |
| Transaction Price | $10,000,000 |
| Buyer | MONTARA 158 L P |
| Seller | PUEBLO DEL MONTARA APARTMENTS LLC |
1900 Dill Rd, Barstow CA Multifamily Investment
Steady renter demand at the neighborhood level, paired with newer-vintage stock for the area, supports a practical value-add and hold strategy, according to WDSuite’s CRE market data. In a submarket where ownership costs remain elevated relative to incomes, disciplined operations can capture stable tenancy without overreliance on aggressive rent growth informed by commercial real estate analysis.
Barstow’s inner-suburb location offers daily needs coverage with a modest amenity base. Cafés and groceries are reasonably accessible compared with many peer areas in the metro (neighborhood ranks indicate competitive café density and above-median grocery access), while parks and formal childcare options are limited. For investors, the amenity mix points to convenience for essentials, with lifestyle offerings that may require a short drive.
Multifamily fundamentals are mixed. Neighborhood occupancy trails the metro median, suggesting leasing may require active management, yet rents benchmark above national norms for comparable areas. Based on CRE market data from WDSuite, the area’s renter concentration is moderate within the immediate neighborhood and higher within a 3-mile radius, supporting a workable tenant base for a 56-unit asset.
Vintage matters: built in 1981, the property is newer than the neighborhood’s typical housing stock (which skews toward the late 1960s). That positioning can be competitive against older inventory, though investors should plan for selective system updates and common-area refreshes to meet current renter expectations.
Within a 3-mile radius, recent population slipped modestly, but projections indicate growth ahead alongside a notable increase in households and smaller average household sizes. For owners, that combination expands the tenant pool and can support occupancy stability, even as lease management will benefit from attention to renewal incentives and pricing discipline.
Home values remain comparatively accessible for the region, which can introduce some competition from entry-level ownership. However, elevated ownership costs relative to local incomes help sustain reliance on multifamily housing, supporting tenant retention and measured pricing power in well-maintained communities.
Safety metrics for the neighborhood sit around the metro middle, according to WDSuite’s CRE market data. When compared nationally, both violent and property offense rates place in the top quartile, indicating comparatively stronger safety positioning than many neighborhoods across the country. Investors should still underwrite standard security measures and lighting upgrades common to 1980s assets while recognizing the area’s competitive national standing.
This 1981, 56-unit asset offers a pragmatic value-add opportunity in an inner-suburb Barstow location with essential retail access and a renter base that extends across the surrounding 3-mile radius. While neighborhood occupancy trends sit below the metro median, projected household growth and smaller household sizes point to a gradually expanding tenant pool. According to CRE market data from WDSuite, rent levels in the area are competitive relative to national peers, reinforcing revenue potential when paired with targeted upgrades and disciplined operations.
Strategically, newer-than-average vintage versus local stock underpins leasing competitiveness, while more accessible ownership costs in the area suggest some overlap with entry-level buyers—an underwriting consideration that can be mitigated by emphasizing unit quality, maintenance reliability, and renewal experience to sustain retention.
- 1981 vintage is newer than neighborhood norms, offering competitive positioning versus older local stock.
- Essential retail access and a broader 3-mile renter pool support demand and leasing velocity.
- Rents compare favorably to national peers, enabling returns from targeted renovations and operational execution.
- Risk: neighborhood occupancy trails metro averages—plan for active leasing, renewal incentives, and competitive unit finishes.