Homes for sale - 1451 Michigan AVE, Beaumont, CA 92223

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Brett Bayless • Brett Bayless, Broker

$5,895,000

Est. payment - /mo

2.15 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC24222526

Originating Board California Regional MLS

Year Built 1976

Lot Size 2.150 Acres

Property Description

Beaumont Park is a 33-unit apartment community located in one of the fastest growing cities of Riverside County, Beaumont, CA. The well-appointed asset is situated on a large 2.15-acre lot and provides tenants the benefit of low density living with only 15.3 units per acre, single story construction, and ample parking. The asset features an ideal unit mix of (70%) 2 Bed / 2 Bath units, and (30%) 1 Bed / 1 units, and boasts high occupancy, providing investors an opportunity to enhance yield in the near term with rent increases and recovery of loss-to-lease. Within a 15-, 30-, and 60-minute commute of Beaumont Park, there are approximately 24,500, 275,500, and 1.35 million jobs, respectively. Easy access to jobs provides an increasingly robust tenant base.

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Interior

Heating No Heating

Laundry Laundry Area

Exterior

Pool 31, None

View Hills

Building

Story One Story

Sewer TBD

Water District - Public

Others

Tax ID 404260002

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1451 Michigan AVE Beaumont, CA 92223

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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