Sold for $5,300,000

Listed by: Brett Bayless, Broker • Brett Bayless • Contact: 949-724-5570

Bought with: None MRML

$5,300,000

1451 Michigan Ave, Beaumont, CA 92223

56beds

33baths

24,400sqft

Multi Family

Built in 1976

-- sqft lot

$5,346,400 Zestimate^®

$217/sqft

$2,393 Estimated rent

Home value

$5,346,400

$4.81M - $5.93M

$2,393/mo

Zestimate^® history

Owner options

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$2,393/mo

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$2,393/mo

Rent Zestimate^®

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$34,208/mo

Est. payment

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$34,208/mo

Est. payment

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What's special

Single story constructionAmple parkingLow density living

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 56
Bathrooms: 33

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 & HOA

Community

Features: Suburban
Subdivision: Na

Location

Region: Beaumont

Financial & listing details

Price per square foot: $217/sqft
Date on market: 10/28/2024
Cumulative days on market: 194 days
Listing terms: Cash to New Loan

Price history

Date	Event	Price
5/14/2025	Sold	$5,300,000-10.1%$217/sqft
Source: CRMLS #OC24222526 Report a problem
5/12/2025	Pending sale	$5,895,000$242/sqft
Source: CRMLS #OC24222526 Report a problem
10/28/2024	Listed for sale	$5,895,000$242/sqft
Source: CRMLS #OC24222526 Report a problem