1451 Michigan Avenue, Beaumont, CA 92223
Property
Sold May 2025
Listing Agent: Brett Bayless (DRE #01718244) · Listing Office: Brett Bayless, Broker · Contact: 949-887-2465 · Bought with: NONE NONE · None MRML · MLS #OC24222526 · Source: CRMLS
About this property
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.
Listing description from the May 2025 sale, as reported to CRMLS.
Sale history