1451 Michigan Avenue, Beaumont, CA 92223
  • MLS#: OC24222526 ( Apartment )
  • Street Address: 1451 Michigan Avenue
  • Viewed: 2
  • Price: $5,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1976
  • Bldg sqft: 0
  • Days On Market: 20
  • Additional Information
  • County: RIVERSIDE
  • City: Beaumont
  • Zipcode: 92223
  • Subdivision: Other (othr)
  • Provided by: Brett Bayless, Broker
  • Contact: Brett Brett
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 24400.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Entry Location
  1. front
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Heating
  1. None
Insurance Expense
  1. 51282.00
Laundry Features
  1. Common Area
Laundry Income
  1. 2455.00
Levels
  1. One
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 273601.00
Newtaxesexpense
  1. 78417.00
Number Of Separate Electric Meters
  1. 34
Number Of Separate Gas Meters
  1. 34
Otherexpense
  1. 33932.00
Otherexpensedescription
  1. Utilitie
Otherincome1
  1. 2892.00
Parcel Number
  1. 404260002
Pool Features
  1. None
Professionalmanagementexpense
  1. 26233.00
Property Type
  1. Apartment
Sewer
  1. Unknown
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426134645:CRM
Spa Features
  1. None
Subdivision Name Other
  1. NA
Totalexpenses
  1. 250854.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 12516
View
  1. Mountain(s)
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1976
Year Built Source
  1. Public Records
Zoning
  1. R3