Beaumont, CA 92223,1451 Michigan Avenue
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$ 5,895,000
Est. payment | /mo

3 Beds

2 Baths

2.15 Acres Lot


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$ 5,895,000
Est. payment | /mo
Save

3 Beds

2 Baths

2.15 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24222526

Bedrooms 3

HOA Y/N No

Lot Size 2.150 Acres

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.
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 Riv Cty-Beaumont (92223)

Zoning Public Rec

Building

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $11

Space Rent $1,448

San Diego Regional MLS (SDMLS)
Listed by Brett Bayless • Brett Bayless, Broker
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+1(720) 548-8827

mike@mikedietzrealty.com

4955 Narragansett Ave, San Diego, California, 92107, USA

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1451 Michigan Avenue