1451 Michigan Avenue
$5,895,000
3
33
24,400
24,400
$242
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...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.
- Listed by Brett Bayless • DRE #01718244 • Brokerage DRE #01718244 • Brett Bayless, Broker • 949-887-2465
Property Details for 1451 Michigan Avenue
View
Mountain(s)
Parking Spaces Total0
Private PoolNo
Total Units33.0
Building TypeDetached
Lot Size SourceAssessor
Living Area24400
Assessor Parcel Number404-260-002
LISTING UPDATED: 10/29/2024 10:02 AM
Property Details for 1451 Michigan Avenue
Status | Active |
---|---|
MLS # | OC24222526 |
Days on Market | 57 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1976 |
County | Riverside County |
Building Information for 1451 Michigan Avenue
Building/Complex1451 Michigan AveFloor-Stories1Residences-Pet Policy-Year Built1976Building Size-
Property Information for 1451 Michigan Avenue
Property History for 1451 Michigan Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1451 Michigan Avenue
Taxable ValueLand$719,298Additions$740,814Total$1,460,112
Tax Record2024$19,071 ($1,589 / month)
Home Facts
Total Finished SqFt2,232 SqFtAbove Grade Finished SqFt2,232 SqFtStories1Lot Size93,654 SqFtStyleMulti-Family Res (5+ Units)Year Built1976ZoningR3CountyRIVERSIDEAPN404-260-002
Schools near 1451 Michigan Avenue
This home is within Beaumont Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Anna Hause Elementary School PublicK to 5 | ||
San Gorgonio Middle School Public6 to 8 | ||
Beaumont Senior High School Public9 to 12 | ||
Mission Vista Academy CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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