845 E 6th Street, Beaumont, CA 92223 - Berkshire Hathaway HomeServices California Properties

845 E 6th Street, Beaumont, CA 92223

$2,195,000 Approx. USD 0 beds, 0 baths

Listing Agent


Kevin Struve | kevin.struve@marcusmillichap.com
Lic#: 01266441
Broker: Courtesy of MARCUS & MILLICHAP

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active Under Contract
MLS# CV24181611
List price is $2,195,000 Reduced by $100,000 on 10/2/2024
Price: $2,195,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1955
2 stories
0.64 acres
Lot size: 0.6400
Subdivision: Mt Jacinto
County: Riverside
Zoning: C2
Lot description: SixteenToTwentyUnitsAcre
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 263 - Banning/Beaumont/Cherry Valley

Last Updated: 4/15/2025

 Days On Market (DOM): 224

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

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Lat/Long: 33.929047, -116.971136.
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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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