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1498 E 6th Street Beaumont, CA 92223
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Key Details
Sold Price $945,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,789 sqft
Price per Sqft $249
MLS Listing ID CRCV24103763
Sold Date 08/06/24
HOA Y/N No
Year Built 1948
Lot Size 10,890 Sqft
Acres 0.25
Property Description
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.
Location
State CA
County Riverside
Area Listing
Zoning R
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Exterior
Parking Type None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 419202012
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Bought with PrashantSampat