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1451 Michigan Ave
For Sale $5,895,000
$5,895,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 93,654 Sq Ft
Description
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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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,895,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1976 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 404260002 |
| MLS # | OC24222526 |
| Property ID | 320992624 |
| Lot Sqft | 93,654 |
| Zoning | R3 |
| Total Units | 33 |
| Days on Market | 29 |
| Original List Price | $5,895,000 |
| Date Updated | October 29, 2024 |
| Date Created | October 27, 2024 |
Listing Provided By
Brett Bayless an agent of . Lic #01718244
© 2024 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 29, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT