1451 Michigan Avenue, Beaumont, CA 92223 - Berkshire Hathaway HomeServices California Properties
Phone310-890-6928
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1451 Michigan Avenue, Beaumont, CA 92223

$5,895,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Brett Bayless | Brett.Bayless@mogharebi.com
Lic#: 01718244
Broker: Courtesy of Brett Bayless, Broker

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# OC24222526
Price: $5,895,000
Beds: 0
Baths: 0
Built in 1976
1 story
2.15 acres
Lot size: 2.1500
Subdivision: NA
County: Riverside
Zoning: R3
Lot description: ElevenToFifteenUnitsAcre
Heating description: None
MLS area: 263 - Banning/Beaumont/Cherry Valley

Last Updated: 12/5/2024

 Days On Market (DOM): 166

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This listing belongs to the 263 - Banning/Beaumont/Cherry Valley MLS area

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Lat/Long: 33.948997, -116.969606.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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