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1498 E 6th ST Beaumont, CA 92223
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Key Details
Sold Price $945,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,789 sqft
Price per Sqft $249
Subdivision Other (Othr)
MLS Listing ID CV24103763
Sold Date 08/06/24
HOA Y/N No
Year Built 1948
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Apartment
Property Description
The 7-unit multifamily offering is located at 1498 E. 6th St. in Beaumont, California. SELLER FINANCING AVAILABLE, PLEASE CONTACT LISTING AGENT FOR FUTHER DETAILS. Situated on a 0.25 acre corner lot, the property features two buildings - an inviting two-story apartment complex and an additional structure housing four one-car garages. Built in 1948, the property offers approximately 3,789 square feet of living space. The unit mix includes 6 One Bedroom / One Bathroom units and 1 Studio, providing versatility to cater to various tenant preferences. With the current rents estimated at 24% below market rates and coupled with the upside in re-positioning the property with exterior/interior renovations, this is an ideal value add opportunity.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry None
Exterior
Parking Features None
Garage Spaces 4.0
Pool None
Community Features Biking
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Private Pool No
Building
Lot Description 26-30 Units/Acre
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Gisele Pinedo
SHOW CONTACT PH 818-268-4325
SHOW INSTRUCTIONS Please do not disturb tenants and/or walk on the property. An interior inspection will only take place on accepted offer. Please contact Gisele Pinedo at (818) 268-4325, Gisele.Pinedo@marcusmillichap.com for further information.
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Bought with Pacific Avenue Realty