Under contract
Active Under Contract
845 E 6th Street
Beaumont CA, 92223
$2,195,000
$304.86 per sqft
Under contract
Active Under Contract
7,200 sqft
Condos
Built in 1955
Listed by Kevin Struve with MARCUS & MILLICHAP [email protected]
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.
CV24181611
MLSⓇ ID
September 3, 2024
Listed
November 2, 2024
Updated
Map
845 E 6th Street
Beaumont CA, 92223
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.64 Acres
Lot Features
16-20 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
263 - Banning/Beaumont/Cherry Valley
Days on Market
59
Garage
No
Parking Total
16
View
No
County
Riverside
Pool
No
Pool Features
None
Zoning
C2
Listing History
Date | Event | Price |
|---|---|---|
11/2/2024 | Under contract | — |
10/31/2024 | Active | — |
10/16/2024 | Under contract | — |
10/1/2024 | Price change | $2,195,000 -5% |
Listing Contact: 909-456-3400
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/2/2024. 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.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 11/2/2024 at 11:13 AM UTC