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    845 E 6th Street

    Beaumont, CA 92223
    • $1,700,000
    • STATUS: Active Under Contract
    • ON SITE: 93 days
    • ID#: DW20220489
    Under Contract
    UPDATED: 27 min ago
    $1,700,000
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,200
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    Type:
    Multi-Family
    Built:
    1955
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley

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    Description

    Presenting the 6th & Palm Apartments. The property is centrally located in downtown Beaumont, situated on a 0.64 acre lot. The subject property is made up of 8 studios units, 2 one bedroom / one bathroom units and 2 two bedroom / one bathroom units. Beaumont is a growing city located in the state of California. With a population of over 43000 people. Beaumont's unemployment rate is lower than the US national average. Excepted future job growth is higher than the US national average of 37.98% at 42.91%. New growth in residential real estate is an indication that people are choosing to move to Beaumont and putting down their money on brand new construction. Beaumont's real estate is, on average, some of the newest in the nation. This property cash flows well and is an excellent property to make the jewel of your portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T09:27:33.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cal American Realty. Licensed in the State of California, USA.

    www.calamericanrealty.com/homes/111170702
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    845 E 6th Street Beaumont, CA 92223

    • Price: $1,700,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • ID#: DW20220489
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    7,200
    SQFT
    $236
    $/SQFT
    1955
    Built
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley
    Property Description
    Presenting the 6th & Palm Apartments. The property is centrally located in downtown Beaumont, situated on a 0.64 acre lot. The subject property is made up of 8 studios units, 2 one bedroom / one bathroom units and 2 two bedroom / one bathroom units. Beaumont is a growing city located in the state of California. With a population of over 43000 people. Beaumont's unemployment rate is lower than the US national average. Excepted future job growth is higher than the US national average of 37.98% at 42.91%. New growth in residential real estate is an indication that people are choosing to move to Beaumont and putting down their money on brand new construction. Beaumont's real estate is, on average, some of the newest in the nation. This property cash flows well and is an excellent property to make the jewel of your portfolio.
    Exterior Features

    Direction Faces North Garage Spaces 0.00 Lot Features Corner LotLot 20000-39999 SqftLevel Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Uncovered Spaces 16.00

    Interior Features

    Average Studio Area 312 Average Studio Area Units Square Feet Average1 Bed Area 467 Average1 Bed Area Units Square Feet Average2 Bed Area 776 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Fireplace Features None Fireplace YN No Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.10 Community Features Suburban Country Us Current Financing Private Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 154120.00 Gross Operating Income 146414.00 Gross Scheduled Income 154120.00 Insurance Expense 4241.00 Land Lease YN No Laundry YN No Maintenance Expense 5000.00 Net Operating Income 134194.00 New Construction YN No New Taxes Expense 21250.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 15 Operating Expense 12220.00 Operating Expense Percent 8.30 Other Income1 11237.00 Professional Management Expense 0.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 11907.00 Total Expenses 15333.00 Trash Expense 2091.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 7706 Vacancy Allowance Rate 3.00 Water Sewer Expense 4001.00 Water Source Public Year Built Source Other Zoning C2

    Listing provided courtesy of Tony Regazzi of Keller Williams Realty Brea/Fullerton


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T09:27:33.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cal American Realty. Licensed in the State of California, USA.

     
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