1498 E 6th Street, Beaumont, CA 92223
Property
Sold August 2024
Listing Agent: Kevin Struve (DRE #01266441) · Listing Office: MARCUS & MILLICHAP · Contact: kevin.struve@marcusmillichap.com · Bought with: Prashant Sampat · Pacific Avenue Realty · MLS #CV24103763 · Source: CRMLS
About this property
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.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history