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Sold for $5,300,000 on 05/14/25
  • Listing Provided by: 

    Brett Bayless DRE #01718244 949-887-2465,

    Brett Bayless, Broker

    $5,300,000

    1451 Michigan Ave, Beaumont, CA 92223

    --beds
    --baths
    24,400sqft
    Multi Family
    Built in 1976
    -- sqft lot
    $5,300,100 Zestimate®
    $217/sqft
    $-- Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: May 14, 2025 at 02:33pm

    Listing Provided by:

    Brett Bayless DRE #01718244 949-887-2465,

    Brett Bayless, Broker

    Bought with:

    NONE NONE, DRE #N/A

    None MRML

    Source: CRMLS,MLS#: OC24222526MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 24,400
    • Total interior livable area: 24,400 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: front
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 2.15 Acres
    • Features: 11-15 Units/Acre
    Details
    • Parcel number: 404260002
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1976

    Utilities & green energy

    • Sewer: Unknown
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Suburban
    Location
    • Region: Beaumont
    • Subdivision: Na

    Other

    Other facts
    • Listing terms: Cash to New Loan
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $5,300,100

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $5,300,100