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Details

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.

PROPERTY FEATURES

Sewer: Unknown Water Source: Public
Lot Features: 11-15 Units/Acre
Number Of Buildings: 8 Parcel Identification Number: 404260002
Year Built Source: Public Records
Common Walls: No Common Walls Laundry Features: Common Area Laundry: Has Laundry
Zoning: R3 MLSAreaMajor: 263 - Banning/Beaumont/Cherry Valley

PROPERTY DETAILS

Street Address: 1451 Michigan Avenue
City: Beaumont
State: California
Postal Code: 92223
County: Riverside
MLS Number: OC24222526
Year Built: 1976
Courtesy of Brett Bayless, Broker

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