| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 29th | Fair |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2010 Borrego Dr, Barstow, CA, 92311, US |
| Region / Metro | Barstow |
| Year of Construction | 1984 |
| Units | 36 |
| Transaction Date | 1999-10-29 |
| Transaction Price | $515,000 |
| Buyer | BANDRINGA PHILIP J |
| Seller | FNB REAL ESTATE CORP |
2010 Borrego Dr Barstow Multifamily Investment
This 36-unit property from 1984 targets middle-income renters in a market with 94% neighborhood occupancy and median rents of $844, according to CRE market data from WDSuite.
The property sits in a suburban neighborhood within the Riverside-San Bernardino-Ontario metro area, ranking above metro median for housing fundamentals. Built in 1984, this vintage aligns with the neighborhood average construction year of 1975, indicating consistent building stock that may present value-add renovation opportunities for investors focused on unit improvements and rent optimization.
Neighborhood-level occupancy stands at 94%, ranking in the 64th percentile nationally and demonstrating solid rental demand stability. With 24% of housing units renter-occupied, the area maintains a substantial rental base. Median contract rents of $844 have grown 22% over five years, while the rent-to-income ratio of 0.14 suggests relatively affordable housing costs that support tenant retention.
Demographics within a 3-mile radius show a population of approximately 22,000 with median household income of $56,315. Projections indicate household growth of 51% through 2028, potentially expanding the renter pool and supporting occupancy fundamentals. The area's grocery store density ranks in the 69th percentile nationally, providing essential tenant amenities, though limited cafe and childcare options may impact tenant appeal for certain demographics.
Crime data for this neighborhood is not currently available in the dataset, limiting comparative safety analysis against metro and national benchmarks. Investors should conduct independent due diligence on local crime trends and consider security measures as part of property management planning.
Employment data for major anchor employers near this Barstow location is not available in the current dataset. Investors should research local employment centers, including logistics operations along Interstate 15 and retail employers, to assess workforce housing demand and tenant commute patterns.
This 36-unit property offers exposure to a suburban rental market with strong occupancy fundamentals and moderate rent growth trajectory. The 1984 construction year presents potential value-add opportunities through unit renovations and common area improvements. Neighborhood occupancy of 94% ranks above national median, while projected household growth of 51% through 2028 could expand the tenant base and support lease-up velocity.
The rent-to-income ratio of 0.14 indicates affordable housing costs that may support tenant retention, though investors should monitor renewal rates and pricing power. Limited amenity density, particularly in dining and childcare options, may constrain tenant appeal for certain demographics and require strategic property positioning.
- Strong neighborhood occupancy at 94%, ranking in 64th percentile nationally
- Projected 51% household growth through 2028 may expand renter pool
- 1984 vintage presents value-add renovation opportunities
- Affordable rent-to-income ratio supports tenant retention potential
- Risk: Limited amenity density may constrain tenant appeal for some demographics