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.
Property Details
Price:
$5,895,000
MLS #:
OC24222526
Status:
Active
Baths:
0
Address:
1451 Michigan Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
263banningbeaumontcherryvalley
City:
Beaumont
Listed Date:
Oct 27, 2024
State:
CA
ZIP:
92223
Lot Size:
93,654 sqft / 2.15 acres (approx)
Year Built:
1976
See this Listing
Mortgage Calculator
Schools
Interior
Heating
None
Exterior
Community Features
Suburban
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Unknown
Spa Features
None
Stories Total
1
View
Mountain(s)
Water Source
Public
Financial
Map
Community
- Address1451 Michigan Avenue Beaumont CA
- Area263 – Banning/Beaumont/Cherry Valley
- CityBeaumont
- CountyRiverside
- Zip Code92223
Similar Listings Nearby
Courtesy of Brett Bayless, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1451 Michigan Avenue
Beaumont, CA
LIGHTBOX-IMAGES