$2,195,000
- Beds
- Unknown
- sq ft
- Unknown
845 E 6th St, Beaumont, CA 92223
845 E 6th St
Beaumont, CA 92223
- 63 days on market
- Price drop $100,000↓
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.
Details
Property type
Apartment
Lot size
0.64 acres
Price per sq ft
Unknown
Year built
1955
HOA
No
Price History
10/31/2024
CRMLS #CV24181611
Listed
$2,195,000
10/16/2024
CRMLS #CV24181611
Pending
$2,195,000
10/01/2024
CRMLS #CV24181611
Price change
$2,195,000
-4.36%
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Street Lights
Community features:
Street Lights
Status: Active
Tomo last checked: 11/05/2024 at 11:50 AM
Listing updated: 10/31/2024 at 2:50 PM
Listed by: Kevin Struve, MARCUS & MILLICHAP Phone #: (909) 456-3400
MLS: CRMLS #CV24181611
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