$5,895,000
24,400 Sqft
93,654 Sqft

1451 Michigan Avenue, Beaumont Ca 92223

  • Commercial Sale Property Type
  • 83 Days Days On Market
  • 1976 Year Built
Property 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.

Basic Details
Commercial Sale
Other
For Sale
CROC24222526
$5,895,000
Mountain(s)
83
24,400 Sqft
1976
93,654 Sqft
2.15 Acre
Active
Features
: None
Other Water/Sewer
: Other
Address Map
CA
Riverside
Beaumont
92223
Michigan Avenue
1451
W117° 1' 49.1''
N33° 56' 56.4''
R3
Left on Michigan from E Oak Vly
Additional Info
Brett Bayless, Broker
Brett Bayless
Brett.Bayless@mogharebi.com
Active
Public
For Sale
Price History
01/01/1970
10/28/2024
$5,895,000
$0
Additional Information
24400
Listing Information
2024-10-30T01:04:31Z
BayEast
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    Agent info
    Subhash Kapur
    Realty++
    Realty++
    Sriram Akella
    Realty++
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