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$5,895,000
57 Days On Site

1451 Michigan Avenue
Beaumont, CA 92223

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
24,400
SqFt
$242
/SqFt
1976
Built
Subdivision:
NA
County:
Riverside
Listed by Brett Bayless of Brett Bayless, Broker [email protected]

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1451 Michigan Avenue1451 Michigan Avenue1451 Michigan Avenue1451 Michigan Avenue
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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.

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Listing Snapshot
Price 
$5,895,000
Days On Site 
57 Days
Bedrooms 
N/A
Inside Area (SqFt) 
24,400 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.15 Acres
Year Built 
1976
MLS® Number 
OC24222526
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
2.15
Number Of Stories 
1
Property Sub Type 
Apartment
Sewer 
Unknown
Special Circumstances 
Standard
SqFt Total 
24400
Stories 
One
Water Source 
Public
Zoning 
R3
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Spa Features 
None
View 
Mountain(s)
Waterview 
Mountain(s)
Community Features
Building Access 
front
Community Features 
Suburban
MLS Area 
263 - Banning/Beaumont/Cherry Valley


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. The 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.

Neighborhood & Commute
Source: Walkscore
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