Beaumont, CA 92223,1451 Michigan AVE
Beaumont, CA 92223,1451 Michigan AVE
Beaumont, CA 92223,1451 Michigan AVE
6
$5,300,000
$5,895,000
10.1%
Est.Price: ?

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24,400 SqFt

1451 Michigan AVE Beaumont, CA 92223

Est. payment /mo
SOLD DATE : 05/14/2025

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Key Details

Sold Price $5,300,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 24,400 sqft

Price per Sqft $217

Subdivision Other (Othr)

MLS Listing ID OC24222526

Sold Date 05/14/25

HOA Y/N No

Year Built 1976

Lot Size 2.150 Acres

Acres 2.15

Property Sub-Type Apartment

Property 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.

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Zoning R3

Interior

Heating None

Laundry Common Area

Exterior

Pool None

Community Features Suburban

View Y/N 1

View Mountain(s)

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Sewer Unknown

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent,See Remarks

SHOW INSTRUCTIONS Drive By Only- Do Not Disturb the Tenants.

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CRMLS Plus
Listed by Brett Bayless, Broker
Bought with None MRML
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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