Beaumont, CA 92223,1451 Michigan Avenue
Beaumont, CA 92223,1451 Michigan Avenue
Beaumont, CA 92223,1451 Michigan Avenue
6
$5,300,000
$5,895,000
10.1%
Est.Price: ?

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3 BD
2 BA

1451 Michigan Avenue Beaumont, CA 92223

Est. payment /mo
SOLD DATE : 05/14/2025

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Key Details

Sold Price $5,300,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC24222526

Sold Date 05/14/25

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

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.

Location

State CA

County Riverside

Zoning Public Rec

Direction Left on Michigan from E Oak Vly Pkwy

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 404260002

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MLS Router / San Diego MLS
Listed by Brett Bayless Brett Bayless, Broker
Bought with NONE NONE None MRML

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Epique Realty

Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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