1451 Michigan Avenue,Beaumont, CA 92223
Beaumont, CA 92223
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.
Details
| MLS# | OC24222526 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 183 |
| Listing Provided By | Brett Bayless, Broker 949-887-2465 | Brett Bayless |
Features
| SQ Feet | 24,400 |
|---|---|
| Story(s) | 1 |
| Units | 33 |
| Building(s) | 8 |
| Zoning | R3 |
| Acreage | 2.15 |
| Property View | Yes |
Market Activity 92223
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Beaumont |
| Zip Code | 92223 |
| Area | 263 Banning | Beaumont | Cherry Valley |
| Listing VS Median (in NA) | |
Price: $5,895,000 low | high Med: $1,875,000 SqFt: 24,400 low | high Med: 2,020 $ / SqFt: $242 low | high Med: $928 On site: 183 low | high Med: 127.000000 | |