1451 Michigan Avenue, Beaumont CA, 92223

Active

1451 Michigan Avenue

Beaumont CA, 92223

$5,895,000

$241.60 per sqft

Active

24,400 sqft

Condos

Built in 1976

Listed by Brett Bayless with Brett Bayless, Broker 949-887-2465

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.

OC24222526

MLSⓇ ID

October 28, 2024

Listed

October 30, 2024

Updated

Map

1451 Michigan Avenue
Beaumont CA, 92223

Interior Features

Total Stories: 1
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No
Heating Description: None

Exterior/Building Features

Lot Size: 2.15 Acres
Lot Features: 11-15 Units/Acre
Sewer: Unknown

Other Property Details

Area Name: 263 - Banning/Beaumont/Cherry Valley
Days on Market: 1
Garage: No
Parking Total: 0
View: Yes
View Description: Mountain(s)
County: Riverside
Water Source: Public
Pool: No
Pool Features: None
Zoning: R3

Listing Contact: 949-887-2465

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/30/2024 at 11:24 AM UTC