1451 Michigan Ave - Apartments FOR SALE


Beaumont, CA 92223
$5,895,000 USD
949-698-3149
1451 Michigan Ave, Beaumont, CA for Sale
$5,895,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1451 Michigan Ave
Beaumont, CA 92223


HIGHLIGHTS

  • Strong Operational and Rent Upside
  • Single Story Asset with Highly Desirable Unit Mix
  • Very Low Density of 15.3 du/ac
  • Rapidly Growing Population Commutable to Over 1.35 Million Jobs
  • Individually Metered for Gas and Electric

OVERVIEW

The Mogharebi Group is pleased to present the opportunity to acquire Beaumont Park, a 33-unit multifamily community located at 1451 Michigan Avenue in Beaumont, California. This single story asset benefits from a desirable unit mix of one- and two-bedroom floorplans with ample ground floor parking. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. The city of Beaumont features an abundance of local amenities offering residents easy access to a daily mix of shopping, dining, and retail conveniences. Additionally, the asset sits just minutes from Interstate 10, making it highly commutable to the millions of jobs found within the region. An abundance of local recreational amenities, stunning mountain vistas, and close proximity to nearby job centers, all culminate to allow Beaumont Park to capitalize on a growing local tenant base Reach out to the Listing Agents for additional information and the document vault

FOR SALE DETAILS

PRICE

$5,895,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

33

PRICE/UNIT

$178,636

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beaumont Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

R3, Beaumont

APN/PARCEL ID

404-260-002

ASK ABOUT THIS PROPERTY

Jordan PakzadThe Mogharebi GroupMore Info
949-698-3149

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Jordan PakzadThe Mogharebi GroupMore Info
949-698-3149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.