$ 2,195,000
845 E 6th Street Beaumont, CA 92223
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Listed by Kevin Struve • MARCUS & MILLICHAP
$ 2,195,000
Est. payment | /mo
7,200 SqFt
$ 2,195,000
Est. payment | /mo
7,200 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $304
MLS Listing ID CRCV24181611
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1955
Lot Size 0.640 Acres
Property Description
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.
Location
State CA
County Riverside
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227