Beaumont, CA 92223 845 E 6th Street
$2,195,000
0 more
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com
Beds • 6
Baths • 1
SQFT • 7,200
Year Built • 1955
Home Details
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.
Presented By: Kevin Struve with MARCUS & MILLICHAP; kevin.struve@marcusmillichap.com
Interior Features for 845 E 6th Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 845 E 6th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.1
Carport Y/NNo
CityBeaumont
Community FeaturesStreetLights
CoolingWallWindowUnits
CountyRiverside
DirectionsE. 6th Street and Palm Avenue
Electric Expense16032.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense13030.0
Garage Spaces0.0
Garage Y/NNo
Gross Income238656.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3958.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsOwnerMayCarry
Lot Size Square Feet27878.0
Lot Size UnitsSquareFeet
MLS Area263 - Banning/Beaumont/Cherry Valley
MaintenanceExpense8000.0
MobileHomeRemainsYNNo
Net Operating Income133942.0
New ConstructionNo
Number Of Units Total16
Open Parking Spaces16.0
Operating Expense98154.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Subdivision NameMt Jacinto
Tax Lot6
Taxes$29,250
Tenant PaysCableTv, Telephone
Total Actual Rent19888.0
Trash Expense4243.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense7241.0
Waterfront Y/NNo
Year Built1955
Year Built SourcePublicRecords
ZoningC2
Exterior for 845 E 6th Street
Building Area Total7200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.64
Lot Size Area27878.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking16.0
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,195,000
MLS#CV24181611
List Date
09/03/2024
Property Type
Multi-Family
Phone
(562) 537-4182
