330 Pallesi · Barstow, CA 92311

$74,999

1 bd · 1.0 ba · 432 sqft · SingleFamily public records · 100 Days on market

Built 1955 1,050 sqft lot $174/sqft · 63% below area

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.9/30.0
• 1% rule +8.7/10.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors! This is your chance to own a property with great upside potential. Located just off the main strip in downtown Barstow, this home offers convenient access to local shopping, restaurants, and everyday amenities, making it a great location for future tenants or resale. The property sits in an established neighborhood and provides easy access to major highways, ideal for commuters and travelers alike. This home does need renovation and updates, making it a perfect opportunity for investors, flippers, or buyers looking to create value through improvements. With the right vision and upgrades, this property could be transformed into a strong rental investment or resale opportunity. Properties with this kind of potential don’t come around often.

Key facts

• Convenient access
• 1,050 sq ft lot
• Built 1955

Tags

• CONVENIENT ACCESS
• ESTABLISHED NEIGHBORHOOD
• STRONG RENTAL INVESTMENT

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $68k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 4.5% in Barstow — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#444 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities C-, health & safety C-, schools F.
• Barstow Unified (town): math 11% / reading 22% proficiency, ranked #482 of 517 in CA (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.3%/yr); 349 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 5,458 units permitted in San Bernardino County in 2024 (1,500 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• San Bernardino County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($68k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,249 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.37% ✓
• Cap rate: 9.24%
• Cash-on-cash: 10.53%
• DSCR: 1.47
• GRM: 6.1

CMA / ARV

• ARV (median comp): $200,094
• List price: $74,999
• Delta: -62.52%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.32% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-1,030
• Equity at exit: $11,183

10-year hold

• IRR: 7.6%
• Equity multiple: 1.56×
• Total profit: $11,726
• Equity at exit: $6,485

Cash invested: $21,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92311

• Home prices YoY: -30.6%
• Rents YoY: 2.3%
• Active inventory: 349
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,030 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$205 /mo · $2,460/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $184

Break-even live

Break-even rent $797

Max offer price $74,999

Occupancy floor 77%

Sensitivity live

Price	-10% $227	-5% $206	+0% $184	+5% $163	+10% $142
Rent	-10% $103	-5% $144	+0% $184	+5% $225	+10% $266
Rate	-1.0pp $222	-0.5pp $203	base $184	+0.5pp $165	+1.0pp $145

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
605 E Williams St Unit 2 Barstow, CA	—	1.0	300	$699	$2.33	44d	1	0.30mi

Listing history 19 events

1. 2026-06-21
   days on market $74,999 Active 100 DOM
2. 2026-06-18
   days on market $74,999 Active 97 DOM
3. 2026-06-17
   days on market $74,999 Active 96 DOM
4. 2026-06-16
   days on market $74,999 Active 95 DOM
5. 2026-06-15
   days on market $74,999 Active 94 DOM
6. 2026-06-13
   days on market $74,999 Active 92 DOM
7. 2026-06-13
   days on market $74,999 Active 91 DOM
8. 2026-06-09
   days on market $74,999 Active 88 DOM
9. 2026-06-08
   days on market $74,999 Active 87 DOM
10. 2026-06-07
    days on market $74,999 Active 86 DOM
11. 2026-06-04
    days on market $74,999 Active 83 DOM
12. 2026-06-03
    days on market $74,999 Active 82 DOM
13. 2026-06-02
    days on market $74,999 Active 81 DOM
14. 2026-06-01
    days on market $74,999 Active 80 DOM
15. 2026-05-31
    days on market $74,999 Active 79 DOM
16. 2026-03-13
    listed $74,999 Active 777-char remark

    Show marketing remark (777 chars)

    Calling all investors! This is your chance to own a property with great upside potential. Located just off the main strip in downtown Barstow, this home offers convenient access to local shopping, restaurants, and everyday amenities, making it a great location for future tenants or resale. The property sits in an established neighborhood and provides easy access to major highways, ideal for commuters and travelers alike. This home does need renovation and updates, making it a perfect opportunity for investors, flippers, or buyers looking to create value through improvements. With the right vision and upgrades, this property could be transformed into a strong rental investment or resale opportunity. Properties with this kind of potential don’t come around often.

17. 2006-07-03
    soldstatus $70,000 165-char remark

    Show marketing remark (165 chars)

    Worlds Smallest Condo. Built by a Railroad Man, this small house has been devided into two studios. Each with its own bathroom, stove, refrigerator and kitchen sink.

18. 2006-06-29
    soldstatus $70,000
19. 1980-07-25
    soldstatus $16,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $2,460 · $205/mo
• Projected year-2 tax: $2,460 · $205/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 11 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,362
• − Mortgage interest: −$4,201
• − Property taxes: −$2,460
• − Insurance: −$375
• − Repairs & maintenance: −$989
• − Management: −$989
• − Depreciation: −$2,182
• Taxable income: $1,167
• Est. tax owed @ 24.0%: −$280
• After-tax cash flow: $1,932/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Barstow Unified
• NCES district ID: 0604020
• Math proficiency: 11% ▼ -7.00%
• Reading proficiency: 22% ▼ -7.00%
• Median HH income: $44,505
• Composite: 14.44/100
• National rank: #9430
• State rank: #482 of 517 in CA

Livability — Barstow

• Score: 63/100
• State rank: #444
• US rank: #15099

Category grades

Amenities C- Commute A+ Cost of living B- Crime F Employment F Housing A+ Health & safety C- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Barstow, CA
• County: San Bernardino County · 2,030,291 people
• City population: 33,954
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 33,954
• Household income: $61,862
• Rent vs Own: 50.0% rent · 50.0% own
• Severe rent burden: 1305.0

Population outlook (San Bernardino County) Hauer SSP2

• Today (2025): 2,300,329 people
• By 2030: 2,378,907 · +3.4%
• By 2040: 2,523,137 · +9.7%
• By 2050: 2,642,388 · +14.9%
• By 2075: 2,880,769 · +25.2%
• By 2100: 2,909,436 · +26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: Hispanic / Latino 46% White 29% Two or more races 22% Black 15% Native American 3% Asian 2% Pacific Islander 1%
• Hispanic origin (detail): Mexican 39% Puerto Rican 2%
• Common ancestry: Portuguese 1% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 77% English-only · Spanish 20% Tagalog/Filipino 1% Other Indo-European 1%

Political lean MEDSL · San Bernardino

• 2024 margin: Toss-up / Even · D 47.5% · R 49.7% · Other 2.8%
• 2008→2024 swing: -8.5pp toward R · 2008: 6.3pp · 2024: -2.1pp
• All cycles: 2024: R+2.1 2020: D+10.7 2016: D+9.8 2012: D+5.4 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -139.26%
• Current HPI: 316.4858
• Rent YoY: ▲ 2.32%
• Metro: Riverside-San Bernardino-Ontario, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+368.7% since first listed

4 events — show timeline

• 2026-03-13 Listed $74,999 CRMLS
• 2006-07-03 Sold (MLS) $70,000 CRMLS
• 2006-06-29 Sold (Public Records) $70,000 Public Records
• 1980-07-25 Sold (Public Records) $16,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,460 · +5.3% YoY. Source: county tax records.