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703 Allegheny 1-40 Beaumont, CA $ 11,995,000
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703 Allegheny 1-40
$ 11,995,000
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703 Allegheny 1-40

Beaumont, CA, 92223
$ 11,995,000
Baths2.1 Sq 64,254

Monthly Estimate*

$ 73,855

Listed by Kidder Mathews of California, Inc
703 Allegheny 1-40, Beaumont, CA 92223 - Image 1
703 Allegheny 1-40, Beaumont, CA 92223 - Image 2
703 Allegheny 1-40, Beaumont, CA 92223 - Image 3
703 Allegheny 1-40, Beaumont, CA 92223 - Image 4
703 Allegheny 1-40, Beaumont, CA 92223 - Image 5
703 Allegheny 1-40, Beaumont, CA 92223 - Image 6
703 Allegheny 1-40, Beaumont, CA 92223 - Image 7
703 Allegheny 1-40, Beaumont, CA 92223 - Image 8
703 Allegheny 1-40, Beaumont, CA 92223 - Image 9
703 Allegheny 1-40, Beaumont, CA 92223 - Image 10
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Studio

Multi-Family Home for sale in Beaumont, CA

for $11,995,000 with 2 full baths, 1 half bath. This 64,254 square foot home was built in 2009 on a lot size of 2.45.

***$855,000 Price Reduction***Constructed in 2008, The Tuscany Villas is a 40-unit apartment community that is managed on-site and offers investors desirable amenities as it was built as a condominium complex with each unit situated on its own tax assessor parcel. The property features 100% two and three bedroom townhouse units with connecting two and three car gargaes, an uncommon feature in similar sized, garden-style communities. The townhouses further distinguish themselves with vaulted ceilings enhancing natural light and offering a more spacious, modern living experience. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are brought to market levels. 100% 3 & 2 bedroom townhouse units • Connecting 3 & 2 car garages • Built in 2008 as condominiums (individual parcels) • Well managed with on-site management & excellent tenant profile • Sparkling pool, spa, playground & BBQ area • Priced below replacement cost at under $187 per foot • Spacious units offering 3 different floor plans • Average of ±1,606 square foot units • Central AC/heat & individual hot water heaters • Large ±2.45 Acre parcel • ±1 mile with easy access to the I-10 freeway

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Multi-Family Active

Price

$ 11,995,000

Bedrooms

Studio

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

2.45

Year Built

2009

Town/City

Beaumont

County/Region

Riverside

MLS | Web ID

OC26002910

Days on Market

75
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Underground Utilities Water Connected
Appliances Dishwasher Electric Oven Electric Range Disposal Gas Range High Efficiency Water Heater Refrigerator Vented Exhaust Fan Water Heater Dryer Washer
HOA Fee 0
Garage Spaces 96
Pool Features Community Fenced
Security Features Fire Sprinkler System Resident Manager Smoke Detector(s) Security Guard
Construction Materials Copper Plumbing
Year Built 2009
Tenant Pays Cable TV Electricity Gas
Stories Count 2
Levels Two Three Or More
Unit Number 1-40
Property Subtype Apartment
Gross Income 1070575
Community Features Biking Curbs Foothills Golf Hiking Near National Forest Park Pool
Additional Parcels Description 419161001 419161002
County Riverside
Net Operating Income 681525
Operating Expense 389050
Insurance Expense 43792
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 47794
Subdivision Name Solera (SLRA)
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions One Mile North Of 10 FWY & Highland Springs Road
City Beaumont
Entry Location Street
Senior Community Y/N false
Open Parking Spaces 10
Number Of Units Total 40
MLS Area 263 - Banning/Beaumont/Cherry Valley
Lot Size Units Acres
Lot Size Square Feet 106722
Number of Units Leased 40
Listing Terms Cash Cash to New Loan
Spa Features Community In Ground
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 7242
Trash Expense 1927
Water Sewer Expense 1926
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 1
Total Actual Rent 88340
Property Sub Type Additional Apartment
Taxes 133989
Cap Rate 5.7
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Interior
Interior Amenities Balcony Ceiling Fan(s) Ceramic Counters Granite Counters High Ceilings Quartz Counters Stone Counters Wired for Data Walk-In Pantry Walk-In Closet(s)
Flooring Laminate
Fireplace Features Den Dining Room Family Room Gas Kitchen Living Room Primary Bedroom Outside
Total Stories 3
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Double Pane Windows
Fireplace Y/N true
Laundry Features Washer Hookup Electric Dryer Hookup Gas Dryer Hookup Inside Stacked
Entry Level 1
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Exterior
Parking Features Assigned Asphalt Direct Access Driveway Garage
Lot Features 16-20 Units/Acre
Water Source Public
Total Parking 106
Lot Size Area 2.45
Number of Buildings 4
Spa true
Building Area Total 64254
Lot Size Acres 2.45
Private Pool false
Lot Size Source Assessor
Pool Charge 2400
Number of Separate Water Meters 40
Number of Separate Gas Meters 40
Number of Separate Electric Meters 40
Road Frontage Type City Street
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* Excluded Features
List By
Kidder Mathews Of California, Inc

Broker

jon.mitchell@kidder.com

Email

Affordability Calculator

$73,855
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Monthly Principal & Interest
$73,855
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Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/12/2026$11,995,000 Listed Price

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703 Allegheny 1-40, Beaumont, CA, 92223 is a Multi-Family Home for sale at $11,995,000 with 64,254 sqft and a lot size of 2.45. 703 Allegheny 1-40 is a studio with 2.1 baths and was built in 2009. The property's zip code is 92223 which is in Beaumont, CA

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