845 E 6th Street, Beaumont, CA 92223

About this property

The 6th Street apartments is a 16-unit multi-family property located at 845 E. 6th Street in Beaumont, California. Situated on a spacious ±0.64-acre corner lot, this property features mostly single-story units and a pitched composition roof. Built in 1937 / 1955, the building has 8 studio units, 6 one-bedroom units, and two 2-bedroom units. Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas, with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunity to enhance cash flow by installing sub-meters for electricity. This investment offers solid returns and significant value-add potential in a growing market. Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.

Listing description from the May 2025 sale, as reported to CRMLS.

Sale history

$2,150,000

Sold May 2025 · listed $2,195,000, orig. $2,295,000, on market September 2024 · MLS #CV24181611 · Source: CRMLS

Listing Agent: Kevin Struve · Listing Office: MARCUS & MILLICHAP · Contact: kevin.struve@marcusmillichap.com · Bought with: Tony Regazzi · Keller Williams Rlty Whittier

$1,200,000

Sold March 2021 · listed $1,400,000, orig. $1,700,000, on market October 2020 · MLS #DW20220489 · Source: CRMLS

Listing Agent: Tony Regazzi · Listing Office: Keller Williams Realty Brea/Fullerton · Contact: 714-606-4555 · Bought with: Tony Regazzi · Keller Williams Realty Brea/Fullerton

$1,050,000

Sold April 2018 · on market November 2017 · MLS #IV17252459 · Source: CRMLS

Listing Agent: ALBERT LE · Listing Office: LE INVESTMENT GROUP · Contact: 909-256-7889 · Bought with: ALBERT LE · LE INVESTMENT GROUP

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