Sold for $945,000

Listed by: MARCUS & MILLICHAP • Kevin Struve • Contact: 909-456-3400

Bought with: Pacific Avenue Realty

$945,000

1498 E 6th St, Beaumont, CA 92223

6beds

7baths

3,789sqft

Multi Family

Built in 1948

-- sqft lot

$750,600 Zestimate^®

$249/sqft

$1,499 Estimated rent

Home value

$750,600

$646,000 - $871,000

$1,499/mo

Zestimate^® history

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$5,996/mo

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$5,996/mo

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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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 7

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 & HOA

Community

Features: Biking
Subdivision: Sub Sec 11 T3s R1w

Location

Region: Beaumont

Financial & listing details

Price per square foot: $249/sqft
Date on market: 5/22/2024
Cumulative days on market: 35 days
Listing terms: Cash,Cash to New Loan
Total actual rent: 6950
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
8/6/2024	Sold	$945,000-12.1%$249/sqft
Source: CRMLS #CV24103763 Report a problem
6/27/2024	Contingent	$1,075,000$284/sqft
Source: CRMLS #CV24103763 Report a problem
5/22/2024	Listed for sale	$1,075,000$284/sqft
Source: CRMLS #CV24103763 Report a problem