845 6th Street, Beaumont, CA 92223
  • MLS#: CV24181611 ( Apartment )
  • Street Address: 845 6th Street
  • Viewed: 2
  • Price: $2,195,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Days On Market: 75
  • Additional Information
  • County: RIVERSIDE
  • City: Beaumont
  • Zipcode: 92223
  • Subdivision: Other (othr)
  • Provided by: MARCUS & MILLICHAP
  • Contact: Kevin Kevin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The 6th Street apartments is a 16 unit multi family property located at 845 E. 6th Street in Beaumont, California. Situated on a spacious 0.64 acre corner lot, this property features mostly single story units and a pitched composition roof. Built in 1937 / 1955, the building has 8 studio units, 6 one bedroom units, and two 2 bedroom units. Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas, with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunity to enhance cash flow by installing sub meters for electricity. This investment offers solid returns and significant value add potential in a growing market. Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 7200.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 61
Electric Expense
  1. 16032.00
Fireplace Features
  1. None
Fuel Expense
  1. 13030.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2400.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 3958.00
Laundry Features
  1. None
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 133942.00
Newtaxesexpense
  1. 29250.00
Otherexpense
  1. 4000.00
Parcel Number
  1. 418112011
Pest Control Expense
  1. 900.00
Pool Features
  1. None
Postalcodeplus4
  1. 2387
Professionalmanagementexpense
  1. 8400.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422291416:CRM
Subdivision Name Other
  1. Mt Jacinto
Taxblock
  1. 95
Tenant Pays
  1. Cable TV
  2. Telephone
Totalactualrent
  1. 19888.00
Totalexpenses
  1. 99483.00
Trash Expense
  1. 4243.00
Uncovered Spaces
  1. 16.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Water Sewer Expense
  1. 7241.00
Year Built
  1. 1955
Year Built Source
  1. Public Records
Zoning
  1. C2