Property Detail

Description

Exceptional value-add investment opportunity in the heart of Barstow! This unique property at 1230 E. Main Street offers 48 legally converted residential studio units formerly operated as a hotel and now approved for residential use, creating a rare repositioning opportunity. The property includes approved plans for the addition of kitchenettes, allowing a new owner to complete the renovation and maximize rental potential. Situated on Historic Route 66 with excellent visibility and convenient access to Interstate 15 and Interstate 40, this property is ideally positioned to serve the area's growing demand for workforce, long-term, and affordable housing. Whether you're an experienced multifamily investor, developer, or seeking your next value-add project, this asset offers significant upside through renovation and lease-up. Opportunities of this scale with residential entitlements are increasingly difficult to find. Highlights include: 48 legal residential studio units Former hotel legally converted to residential use Approved plans for kitchenettes Excellent value-add and redevelopment potential Convenient location near shopping, dining, transportation, and major freeways Ideal for long-term rental or workforce housing investment Buyer to independently verify all permits, approvals, zoning, square footage, and intended use with the appropriate governmental agencies.