1451 Michigan Avenue, Beaumont, CA 92223

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Property Description

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.


Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1451 Michigan Avenue
City Beaumont
State CA
Zip 92223
County Riverside
Listing Agent Brett Bayless DRE #01718244
Courtesy Of Brett Bayless, Broker
List Price $5,895,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 93,654
Year Built 1976

Listing information courtesy of: Brett Bayless, Brett Bayless, Broker. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:14 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.