Address
655 American Avenue Beaumont, CA
Price
$ 600,000
Property Attributes
- MLS#IV20231904
- TypeIncome
- CountyRIVERSIDE
- CityBeaumont
- AreaBanning-Beaumont-Cherry Valley
- Zip92223
- Style
- Price$ 600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2754
- Lot Size8,712 SqFt
Listing Provided Courtesy Of:
ALBERT LE with LE INVESTMENT GROUP.
Property Description
*Must be purchased with adjoining parcel. APN#: 419-232-019. MLS#: IV20231883.* Offering An Actual CAP Rate of 5.00% with a ProForma CAP Rate of 5.48%. ProForma CAP Rate is Based on Leveling Off Current Rents. Offering An Actual GRM of 13.79 with a ProForma GRM of 12.82. The Property Was Extensively Renovated. Pride Of Ownership, Absolute Turn Key, Recent Capital Improvements Exceeding $85,000+. Improvements include but are not limited to, Counter Tops, Flooring, Cabinetry, Bathroom Vanities, Wall A/C Units, New Bathroom Faucets, Bathtubs, Sinks, Toilets, Water Heaters, Lighting, Window Frames, Updated Landscaping, Paint, and Doors. Residential Financing Available (Triplex on each Parcel). Rental Comparables Illustrate a 98% Occupancy Area. The Apartment is 100% Occupied With 100% Rent Collections. The American Avenue Apartments are located at 645-655 American Ave. Beaumont, CA. 92223. This 6 unit apartment community is composed of all 2 bedroom, 1 bath units that are approximately 918 sqft. The tenants are awarded with onsite covered parking and a laundry facility. The property sits on .40 acres conveniently located north of the 10 Freeway. The property centralized location offers many advantages, convenient public transportation, close proximity to schools, shopping, and employment. Major employers in the area include San Gorgonio Memorial Hospital, Cabazon Outlets, and Morongo Casino which are within 5-10 miles from the property.
| Price History | |
|---|---|
| 11/3/2020 | Listed $600,000 |
General Features
| Attached Structure | Attached |
|---|---|
| Carport Spaces | 3.00 |
| Community Features | Sidewalks, Suburban |
| Cooling | Wall/Window Unit(s) |
| Directions | 10 Fwy exit Beaumont Ave go North, East on E. 6th st., North on American Ave. |
| Garage Spaces | 0.00 |
| Heating | Wall Furnace |
| Levels | One |
| Listagentaor | Inland Valleys |
| Listing Agent | ALBERT LE - BRE#01468313 |
| Listing Agent State License | 01468313 |
| MLS Area | 263 - Banning/Beaumont/Cherry Valley |
| Parking Features | Carport, Covered, Concrete |
| Pool Features | None |
| Price Per Square Foot | 217.86 |
| Property Attached Y/N | Yes |
| Sewer | Conventional Septic |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 3 |
| Zoning | C2 |
Interior Features
| 1st Bedroom Area Unit Type | Square Feet |
|---|---|
| 2nd Bedroom Area | 918 |
| 2nd Bedroom Area Unit Type | Square Feet |
| 3rd Bedroom Area Unit Type | Square Feet |
| Air Conditioning Y/N | Yes |
| Common Walls | 2+ Common Walls |
| Heating Y/N | Yes |
| Laundry Features | Community |
| Laundry Y/N | Yes |
| Studio Area Unit Type | Square Feet |
Exterior Features
| Building Area Total | 2754.00 |
|---|---|
| Lot Features | 2-5 Units/Acre |
| Lot Size Acres | 0.2000 |
| Lot Size Area | 0.2000 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 8712.00 |
| Lot Size Units | Acres |
| Number of Buildings | 1 |
| Number of Separate Electric Meters | 3 |
| Number of Separate Gas Meters | 3 |
| Number of Separate Water Meters | 1 |
| Parking Y/N | Yes |
| Total Parking | 5.00 |
| Uncovered Spaces | 2.00 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 92223
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of January 20, 2021 3:29 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from California Regional Multiple Listing Service, Inc. as of January 20, 2021 3:29 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
