1498 E 6th Street Beaumont, CA ^$ 1,075,000

1498 E 6th Street

^$ 1,075,000

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1498 E 6th Street

Beaumont, CA, 92223

^$ 1,075,000

Bedrooms6 Baths2.0 Sq 3,789

Monthly Estimate*

^$ 7,145

Listed by MARCUS & MILLICHAP

1498 E 6th Street, Beaumont, CA 92223 - Image 1

1498 E 6th Street, Beaumont, CA 92223 - Image 2

1498 E 6th Street, Beaumont, CA 92223 - Image 3

1498 E 6th Street, Beaumont, CA 92223 - Image 4

1498 E 6th Street, Beaumont, CA 92223 - Image 5

1498 E 6th Street, Beaumont, CA 92223 - Image 6

Multi-Family Home for sale in Beaumont, CA

for $1,075,000 with 6 bedrooms and 2 full baths. This 3,789 square foot home was built in 1948 on a lot size of 0.25.

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.

Multi-Family Active

Price

^$ 1,075,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.25

Year Built

1948

Town/City

Beaumont

County/Region

Riverside

MLS | Web ID

CV24103763

Days on Market

Features

General

Sewer PublicSewer

Heating WallFurnace

Cooling WallWindowUnits

Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected

Zoning R

Garage Spaces 4.0

Pool Features None

Year Built 1948

Tenant Pays Electricity Gas

Stories 2

Levels Two

Property SubType Apartment

Gross Income 83400.0

Community Features Biking

County Riverside

Net Operating Income 53774.0

Operating Expense 28924.0

Insurance Expense 3070.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name SUB SEC 11 T3S R1W

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Corner of 6th Ave and Xenia Ave

City Beaumont

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 4.0

NumberOfUnitsTotal 7

MLS Area 263 - Banning/Beaumont/Cherry Valley

Lot Size Units SquareFeet

Lot Size Square Feet 10890.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 7

Listing Terms Cash CashtoNewLoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 400.0

Home Warranty Y/N N

Trash Expense 3760.0

Water Sewer Expense 2089.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 13

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 8

Total Actual Rent 6950.0

Property Sub Type Additional Apartment

Taxes 13125.0

Cap Rate 5.0

Exterior

Parking Features None

Lot Features Item2630UnitsAcre

Water Source Public

Total Parking 8.0

Lot Size Area 10890.0

Number of Buildings 1

Spa N

Building Area Total 3789.0

Lot Size Acres 0.25

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 7

Number of Separate Electric Meters 8

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1498

* Excluded Features

List By

Marcus & Millichap

Broker

(909) 456-3400

Phone

Affordability Calculator

$7,145

Per Month

Monthly Principal & Interest: $7,145
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Beaumont, CA

Average List Price ^$773,857

Percent of Sale Price 28%

About Beaumont, CA

46,093 Population

245% Since 2002

^$67,818 Median Income

36.71 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/22/2024	$1,075,000		Listed Price

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1498 E 6th Street, Beaumont, CA, 92223 is a Multi-Family Home for sale at $1,075,000 with 3,789 sqft and a lot size of 0.25. 1498 E 6th Street has 6 bedrooms, 2.0 baths, and was built in 1948. The property's zip code is 92223 which is in Beaumont, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/19/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1498 E 6th Street

Multi-Family Home for sale in Beaumont, CA

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