1451 Michigan Avenue, Beaumont, California 92223
  • $5,895,000

Overview

Property ID: OC24222526
  • Apartment, Residential Income
  • Property Type
  • 24400 Sqft
  • Area Size
  • 1976
  • Year Built

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.

  • Address: 1451 Michigan Avenue
  • City: Beaumont
  • State/county: CA
  • Zip/Postal Code: 92223
  • Area: NA
  • Country: US

Details

Updated on May 14, 2025 at 9:33 pm
  • Property ID OC24222526
  • Price $5,895,000
  • Property Size 24400 Sqft
  • Land Area 2.15 Acres
  • Year Built 1976
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash to New Loan
  • Sewer Unknown
  • Heating None
  • County Riverside
  • Property Type Residential Income
  • Pool None
  • Community Features Suburban

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