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Sold for $945,000 on 08/06/24
  • Listing Provided by: 

    Kevin Struve DRE #01266441 kevin.struve@marcusmillichap.com,

    MARCUS & MILLICHAP

    $945,000

    1498 E 6th St, Beaumont, CA 92223

    --beds
    --baths
    3,789sqft
    Multi Family
    Built in 1948
    -- sqft lot
    $948,000 Zestimate®
    $249/sqft
    $2,597 Estimated rent

    What's special

    The 7-unit multifamily offering is located at 1498 E. 6th St. in Beaumont, California. SELLER FINANCING AVAILABLE, PLEASE CONTACT LISTING AGENT FOR FUTHER DETAILS. Situated on a 0.25 acre corner lot, the property features two buildings - an inviting two-story apartment complex and an additional structure housing four one-car garages. Built in 1948, the property offers approximately 3,789 square feet of living space. The unit mix includes 6 One Bedroom / One Bathroom units and 1 Studio, providing versatility to cater to various tenant preferences. With the current rents estimated at 24% below market rates and coupled with the upside in re-positioning the property with exterior/interior renovations, this is an ideal value add opportunity.

    Zillow last checked: 7 hours ago

    Listing updated: December 04, 2024 at 07:20pm

    Listing Provided by:

    Kevin Struve DRE #01266441 kevin.struve@marcusmillichap.com,

    MARCUS & MILLICHAP

    Bought with:

    Prashant Sampat, DRE #01916221

    Pacific Avenue Realty

    Source: CRMLS,MLS#: CV24103763MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,789
    • Total interior livable area: 3,789 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: None
    • Garage spaces: 4
    • Uncovered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.25 Acres
    • Features: 26-30 Units/Acre
    Details
    • Parcel number: 419202012
    • Zoning: R
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1948

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Biking
    Location
    • Region: Beaumont
    • Subdivision: Sub Sec 11 T3s R1w

    HOA & financial

    Other financial information
    • Total actual rent: 6950

    Other

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

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    Estimated market value

    $948,000

    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

    $948,000