| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 29th | Fair |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2011 Borrego Dr, Barstow, CA, 92311, US |
| Region / Metro | Barstow |
| Year of Construction | 1984 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2011 Borrego Drive Barstow Multifamily Investment
This 48-unit property built in 1984 operates in a suburban neighborhood with 94% occupancy rates and moderate rental demand fundamentals. CRE market data from WDSuite indicates neighborhood-level metrics rank competitively within the Riverside-San Bernardino metro area.
The Barstow neighborhood presents a suburban multifamily environment with established rental demand patterns. Built in 1984, this property aligns with the area's average construction vintage of 1975, positioning it among newer housing stock that may require moderate capital planning over the investment horizon. Neighborhood occupancy rates of 94% rank above the 64th percentile nationally, indicating stable tenant retention dynamics.
Demographics within a 3-mile radius show a population of approximately 22,000 residents with household income levels averaging $72,144. The area maintains a 52% renter-occupied housing unit share, supporting consistent rental demand. Median contract rents of $896 have increased 37% over five years, reflecting positive pricing trends, though rent-to-income ratios suggest manageable affordability levels for tenant retention.
The neighborhood ranks in the 69th percentile nationally for grocery store density and maintains moderate restaurant access, supporting tenant convenience. However, limited childcare and park amenities may impact family-oriented tenant appeal. Home values averaging $304,181 with strong appreciation trends can reinforce rental demand by maintaining elevated ownership costs relative to rental options.
Forward-looking demographic projections indicate household growth of 51% through 2028, with median incomes expected to reach nearly $80,000. This expanding renter pool expansion supports longer-term occupancy stability and potential for measured rent growth, though investors should monitor competitive supply additions in the broader San Bernardino market.
Safety data for this Barstow neighborhood is not currently available in the market analysis, limiting direct comparative assessment against metro and national trends. Investors should conduct independent due diligence through local law enforcement statistics and community safety resources when evaluating security considerations for this 48-unit property.
The suburban neighborhood setting and established residential character may provide inherent stability factors, though property-specific security measures and tenant screening protocols remain important operational considerations for maintaining occupancy quality and resident satisfaction.
Employment data for major anchor employers near this Barstow property is not currently available in the market analysis. Investors should research local employment centers, government facilities, and transportation infrastructure that may support workforce housing demand in the broader San Bernardino region.
This 48-unit Barstow property offers exposure to a suburban multifamily market with demonstrated occupancy stability and positive rent growth trends. The neighborhood's 94% occupancy rate ranks in the 64th percentile nationally, while five-year rent increases of 37% indicate healthy pricing power. Built in 1984, the property represents newer vintage housing stock relative to the area average, potentially reducing near-term capital expenditure requirements.
Demographic fundamentals support long-term rental demand, with projected household growth of 51% through 2028 and rising median incomes expected to reach $80,000. The 52% renter-occupied housing share provides a stable tenant base, while moderate rent-to-income ratios suggest sustainable affordability levels. According to multifamily property research from WDSuite, these neighborhood-level metrics position the asset competitively within the broader Riverside-San Bernardino metro area.
- Strong occupancy fundamentals with 94% neighborhood rates ranking above national median
- Positive rent trajectory with 37% growth over five years supporting pricing power
- Projected 51% household growth through 2028 expanding the local renter pool
- 1984 construction vintage aligns with newer area housing stock reducing immediate capex needs
- Limited amenity infrastructure and employment data require additional due diligence on tenant retention drivers