$5,895,000
- Beds
- Unknown
- sq ft
- Unknown
1451 Michigan Ave, Beaumont, CA 92223
1451 Michigan Ave
Beaumont, CA 92223
- 27 days on market
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.
Details
Property type
Apartment
Lot size
2.15 acres
Price per sq ft
Unknown
Year built
1976
Price History
10/28/2024
CRMLS #OC24222526
Listed
$5,895,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Suburban
Community features:
Suburban
Status: Active
Tomo last checked: 11/24/2024 at 4:25 AM
Listing updated: 10/29/2024 at 5:05 PM
Listed by: Brett Bayless, Brett Bayless, Broker Phone #: (949) 887-2465
MLS: CRMLS #OC24222526
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