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$5,895,000

Beds
Unknown
sq ft
Unknown

1451 Michigan Ave, Beaumont, CA 92223

1451 Michigan Ave

Beaumont, CA 92223

  • 8 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

CRMLS #OC24222526

Listed
$5,895,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

Status: Active

Tomo last checked: 11/05/2024 at 11:35 AM

Listing updated: 10/29/2024 at 5:05 PM

Listed by: Brett Bayless, Brett Bayless, Broker Phone #: (949) 887-2465

MLS: CRMLS #OC24222526

CRMLS logo

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