| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Poor |
| Demographics | 29th | Fair |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2301 Muriel Dr, Barstow, CA, 92311, US |
| Region / Metro | Barstow |
| Year of Construction | 1986 |
| Units | 52 |
| Transaction Date | 1998-04-30 |
| Transaction Price | $4,689,529 |
| Buyer | REDLANDS FEDERAL BANK |
| Seller | HERITAGE PARTNERS INC |
2301 Muriel Dr, Barstow CA Multifamily Opportunity
Neighborhood occupancy trends are stable with room for value-add execution, according to WDSuite’s CRE market data, positioning this asset to serve workforce renters in a car-oriented Inland Empire corridor.
Barstow sits on the northeastern edge of the Riverside–San Bernardino–Ontario metro, offering a lower-cost living node with auto-oriented connectivity. Grocery and pharmacy access are competitive versus national benchmarks, while parks, cafes, and childcare options are more limited. For investors, this mix suggests residents rely on essential retail and regional arterials rather than dense, walkable amenities.
At the neighborhood scale, occupancy is above the national median and has strengthened over the last five years. That backdrop supports steady leasing and reduces downtime risk relative to weaker submarkets, based on CRE market data from WDSuite. Median contract rents remain moderate for the metro, which can aid retention and reduce turnover costs.
Within a 3-mile radius, demographic data indicate modest population growth and a small increase in households, implying a gradually expanding tenant base. The local renter-occupied share within this radius is just over half of housing units, which supports depth for multifamily demand and day-to-day leasing velocity.
Home values in the neighborhood are elevated relative to local incomes by national comparison, a pattern that often sustains reliance on rental housing. For investors, this typically translates to firmer occupancy and more predictable lease renewals, though pricing power should be balanced against household budgets.
Comparable Inland Empire neighborhoods display a wide range of safety outcomes, and property-level security measures often drive resident sentiment. Neighborhood-specific crime rankings are not available in this dataset; investors should benchmark trends at the city and county level and underwrite customary safety enhancements typical for workforce multifamily.
Constructed in 1986, the asset is newer than the average neighborhood vintage, providing a competitive edge over older stock while still warranting plans for system updates and common-area refreshes. Occupancy in the surrounding neighborhood is above the national median and has improved over the last five years, supporting stable cash flow. According to CRE market data from WDSuite, rents remain moderate relative to incomes, which can help sustain retention and reduce turnover exposure.
Within a 3-mile radius, population and household counts have inched up, expanding the renter pool and supporting ongoing demand. Elevated ownership costs in the area reinforce reliance on rental housing, which can support occupancy stability, though amenity-light surroundings argue for pragmatic rent growth expectations and thoughtful capital planning.
- 1986 vintage offers competitive positioning versus older stock, with clear pathways for targeted value-add.
- Neighborhood occupancy above the national median supports leasing stability and lowers downtime risk.
- Moderate rent levels relative to incomes aid retention and reduce turnover costs.
- 3-mile radius shows gradual population and household growth, widening the tenant base.
- Risks: amenity-light context, small-market depth, and aging systems requiring ongoing capex.