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1451 Michigan Avenue, Beaumont, CA 92223

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Listing Type
Condo/Townhome
Listing Status
pending
6
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Transportation
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$5,895,000

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Home Details for 1451 Michigan Avenue
Price
$5,895,000
Type
Condo/Townhome
Year Build
1976
Sq. Ft.
24400
Lot Size
2.15
County
Riverside
MLS®️ Listing#
OC24222526
On exitrealty.com
309 days
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.
Property Features
Listing Courtesy: Brett Bayless, Broker - 949-887-2465. Presented by: Brett Bayless
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-14 14:30:14 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from California Regional MLS.
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.
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$5,895,000

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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.
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