Former El Ranch Tel Motel turned MTM Apartments / 10 Units (9 Furnished Apartments and a 3 Bedroom House) located just off the 15 Freeway Between LA and LV. Master Metered; All utilities are paid for by the Landlord. Building I: 1 Bedroom Apt and 3 Furnished Studios. Building II: 2 Furnished Studios and a Furnished 1 Bedroom Apartment. Building III: 1 Single Family Dwelling. Newly Remodeled 2 Bedroom Apartment w/ Single Car Garage. The property also has a New Laundry Facility w/ (2) Coin Op Washers and (2) Dryers, A Community Area w/ Trellis, Picnic Tables, Fire Pit, Palm Trees and BBQ Area. There are also and RV Hook Up, (3) Carports and outbuildings used for Dry Storage. Managers Laundry, Several Supply Closets, etc. There is a well onsite for Water Service. The Property is fully occupied and professionally managed. Rent Roll to be Sent Upon Request. The BNSF International Gateway is expected to bring 20,000 direct and indirect jobs to the Barstow Region. Barstow has approved the new 29 Acre Cannabis Super Center at the Former Outlet Mall. Seller is Also the Agent, Manager and has Owned the Properties since 2015. Seller is willing to Manage the Project for the Buyer. You will be hard pressed to find a better Investment Opportunity in SoCal! The Owner is also the Listing Agent. Rent Roll and Financials Available upon Request. Property Management Service Available for Seamless Transition (free for first 6 Months). POF Required prior to showings. Sold in AS IS Condition. Do your own Due Diligence on all aspects of the property.
This Property Consists of (8) Studio Casitas with Covered Front Patios, Tile Roofs and Each have their Own Electric and Gas Meters & a 9th Building used as Storage on one side and Coin Operated Laundry on the other side w/ (2) Washers and (2) Dryers. Property is Zoned Commercial. A Residential Loan is Not Available for this Property. (4) Casitas were remodeled in 2015 and (4) Were Remodeled in 2018. Located Just off the 15 Freeway Between Los Angeles and Las Vegas in the same City as Eddie World. Sale Includes a Total of (4) Properties (2) Quad Plexe's and (2) Adjacent Vacant Lots currently used for Overflow Parking. 2022 Income was $70k! 2023 Income is Projected to be $79k+ w an 8% Vacancy Factor. Rent Roll to be Sent Upon Request. The BNSF International Gateway is expected to bring 20,000 direct and indirect jobs to the Barstow Region. Barstow has approved the new 29 Acre Cannabis Super Center at the Former Outlet Mall. Seller is Also the Agent, Manager and has Owned the Properties since 2015. Seller is willing to Manage the Project for the Buyer. You will be hard pressed to find a better Investment Opportunity in SoCal!
Yermo is located in California. Yermo, California has a population of 2,058. Yermo is more family-centric than the surrounding county with 42.75% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in Yermo, California is $61,055. The median household income for the surrounding county is $57,156 compared to the national median of $57,652. The median age of people living in Yermo is 36.1 years.
The average high temperature in July is 104.2 degrees, with an average low temperature in January of 36 degrees. The average rainfall is approximately 11.4 inches per year, with 0.3 inches of snow per year.
