$5,895,000
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1451 Michigan Avenue Beaumont, CA 92223
Apartment
Residence
Beds
Baths
24,400
Sq. Ft.
2.15
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 constructio...n, 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.
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MLS#
OC24222526
Property Type
Apartment
Status
Year Built
1976
Square Feet
24,400
sq. ft
Lot Size
2.15
Stories
1.0
Sewer
Unknown
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