$945,000
$1,075,000
12.1%For more information regarding the value of a property, please contact us for a free consultation.
1498 E 6th ST Beaumont, CA 92223
0.25 Acres Lot
Key Details
Sold Price $945,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Sub Sec 11 T3S R1W
MLS Listing ID CV24103763
Sold Date 08/06/24
HOA Y/N No
Year Built 1948
Lot Size 10,890 Sqft
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 263 - Banning/Beaumont/Cherry Valley
Zoning R
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Parking Features None
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 8
Private Pool No
Building
Lot Description 26-30 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 419202012
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Seller Financing
Special Listing Condition Standard
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Bought with Prashant Sampat • Pacific Avenue Realty