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Listed by Brett Bayless • Brett Bayless, Broker
Bought with NONE NONE • None MRML
Bought with NONE NONE • None MRML
$ 5,300,000
$ 5,895,000 10.1%
Est. payment | /mo
24,400 SqFt
$ 5,300,000
$ 5,895,000 10.1%
Est. payment | /mo
24,400 SqFt
Key Details
Sold Price $5,300,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 24,400 sqft
Price per Sqft $217
MLS Listing ID CROC24222526
Sold Date 05/14/25
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1976
Lot Size 2.150 Acres
Property Sub-Type Other
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.
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Laundry Other
Exterior
View Mountain(s)
Building
Water Public
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