CA > Beaumont > Na
Beaumont, CA 92223,1451 Michigan AVE
Beaumont, CA 92223,1451 Michigan AVE
Beaumont, CA 92223,1451 Michigan AVE
Beaumont, CA 92223,1451 Michigan AVE
Beaumont, CA 92223,1451 Michigan AVE
Beaumont, CA 92223,1451 Michigan AVE
Candice Culen
Candice Culen

Owner & Broker | License ID: 01469813

+1(877) 976-5348

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$ 5,300,000

$ 5,895,000 10.1%

Est. payment | /mo

2.15 Acres Lot

$ 5,300,000

$ 5,895,000 10.1%

Est. payment | /mo

2.15 Acres Lot

Key Details

Sold Price $5,300,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Na

MLS Listing ID OC24222526

Sold Date 05/14/25

HOA Y/N No

Year Built 1976

Lot Size 2.150 Acres

Property Sub-Type Apartment

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.

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Zoning R3

Interior

Heating None

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Suburban

View Y/N Yes

View Mountain(s)

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Entry Level One

Sewer Unknown

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 404260002

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Brett Bayless • Brett Bayless, Broker • 949-887-2465
Bought with NONE NONE • None MRML
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5280 E 2nd St, Long Beach, CA, 90803, USA

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1451 Michigan AVE