Beaumont, CA 92223,926 Edgar Avenue
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Beaumont, CA 92223,926 Edgar Avenue
Beaumont, CA 92223,926 Edgar Avenue
Beaumont, CA 92223,926 Edgar Avenue
Beaumont, CA 92223,926 Edgar Avenue

$1,160,000

Est. payment /mo

$1,175,000

1.3%
Est.Price: ?

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926 Edgar Avenue Beaumont, CA 92223

4,500 SqFt

SOLD DATE : 12/17/2024

Key Details

Sold Price $1,160,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $257

MLS Listing ID CRIV24171885

Sold Date 12/17/24

HOA Y/N No

Year Built 1977

Lot Size 0.380 Acres

Acres 0.38

Property Description

Highlights: Tremendous Upside with a ProForma CAP Rate of 6.71% / Current CAP Rate of 5.50% / ProForma GRM of 9.60 & Current GRM of 11.20 / Rental Comparables Illustrate a 98% Occupancy Area / 2-bedroom units in Beaumont are currently leasing at a rate of $1,750 per month / The property was constructed in 1977 & is located on a spacious 0.38-acre lot / New & improved rooftops / Charming 6-unit multifamily property / Single-story, cottage-style units / No shared walls between units / Individually metered for gas and electric / Onsite parking available at the rear of the property / Discover a unique investment opportunity in Beaumont, California, with this charming 6-unit multifamily property. Nestled on a spacious 0.38-acre lot, this well-maintained property offers a desirable blend of privacy and convenience with its single-story, cottage-style units, each featuring no shared walls. Built in 1977, each of the six units is thoughtfully designed with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include newer roofs, ensuring low maintenance costs and added peace of mind. The property is designed for efficient management with each unit individually metered for gas and electric, and onsite parking available at the rear of t

Location

State CA

County Riverside

Area Listing

Interior

Heating None

Fireplace No

Laundry Inside

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 415262021

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Bridge MLS
Listed by ALBERT LE • LE INVESTMENT GROUP
Bought with PrashantSampat
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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