845 E 6th Street
Beaumont, CA, 92223
$2,195,000
Beds
0 Baths
SqFt
0.64 Acres
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The 6th Street apartments is a 16-unit multi-family property located at 845 E. 6th Street in Beaumont, California.
Situated on a spacious ±0.64-acre corner lot, this property features mostly single-story units and a pitched
composition roof. Built in 1937 / 1955, the building has 8 studio units, 6 one-bedroom units, and two 2-bedroom units.
Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas,
with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunity
to enhance cash flow by installing sub-meters for electricity. This investment offers solid returns and significant value-add potential in a growing market.
Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.

Property Details

Price:
$2,195,000
MLS #:
CV24181611
Status:
Active Under Contract
Baths:
0
Address:
845 E 6th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
263banningbeaumontcherryvalley
City:
Beaumont
Listed Date:
Sep 2, 2024
State:
CA
ZIP:
92223
Lot Size:
27,878 sqft / 0.64 acres (approx)
Year Built:
1955
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Interior

Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace

Exterior

Community Features
Street Lights
Garage Spaces
0.00
Lot Features
16-20 Units/ Acre
Parking Spots
16.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2

Financial

Association Fee
0.00
Tenant Pays
Cable T V, Telephone
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

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Rover IDX
845 E 6th Street
Beaumont, CA