845 E 6th Street
Beaumont, CA 92223
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1955 build
- – on site
The 6th Street apartments is a 16-unit multi-family property located at 845 E. 6th Street in Beaumont, California. Situated on a spacious ±0.64-acre corner lot, this property features mostly single-story units and a pitched composition roof. Built in 1937 / 1955, the building has 8 studio units, 6 one-bedroom units, and two 2-bedroom units. Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas, with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunity to enhance cash flow by installing sub-meters for electricity. This investment offers solid returns and significant value-add potential in a growing market. Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.
Listed By CRMLS_CA / Kevin Struve / MARCUS & MILLICHAP / kevin.struve@marcusmillichap.com
Last checked:
Checking…
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Last updated Dec 18, 2024
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MLS# CV24181611 —
The Building
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Year Built:1955
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:7200.00
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Building Area Units:Square Feet
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Total Number Of Units:16
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Levels:Two
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Entry Location:1
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Fireplace:No
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Fireplace:None
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Laundry:None
Location
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Directions:E. 6th Street and Palm Avenue
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Latitude:33.92904700
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Longitude:-116.97113600
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:C2
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Lot Features:16-20 Units/Acre
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Lot Size Area:27878.0000
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Lot Size Acres:0.6400
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Lot Size SqFt:27878.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:95
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Tax Census Tract:440.00
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Tax Tract:440
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Tax Lot:6
The Listing
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Special Listing Conditions:Standard
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Parcel Number:418112011
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
The Community
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Subdivision:Other (OTHR)
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Subdivision:Mt Jacinto
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Features:Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:16.00
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Uncovered Spaces:16.00
Extra Units
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Average 1 Bed Area:500
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Average 2 Bed Area:750
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Average Studio Area:350
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/1/24
Nov 1, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $2,195,000 | |
10/31/24
Oct 31, 2024
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Listed / Active | CRMLS_CA | $2,195,000 | |
10/16/24
Oct 16, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $2,195,000 |