1 of 6

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926 Edgar Avenue

Beaumont, CA 92223

– beds
– baths
– sqft
~1/2 acre lot
1977 build
– on site

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 the property adds convenience for tenants and guests alike.

Listed By CRMLS_CA / ALBERT LE / LE INVESTMENT GROUP / 909-256-7889

Last checked: Checking… • Last updated Nov 7, 2024 •

MLS# IV24171885 —

The Building

Year Built:

1977
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

4500.00
Building Area Units:

Square Feet
# of Buildings:

6
Total Number Of Units:

6
Stories Total:

1
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Levels:

One
Entry Location:

1
Laundry:

Inside
Laundry:

1

Location

Directions:

See address
Latitude:

33.93446300
Longitude:

-116.97959100

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

2-5 Units/Acre
Lot Size Area:

0.3800
Lot Size Acres:

0.3800
Lot Size SqFt:

16552.80
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

44
Tax Census Tract:

439.00
Tax Tract:

002...
Tax Lot:

14

The Listing

Special Listing Conditions:

Standard
Parcel Number:

415262021

Heating & Cooling

Heating:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Other (OTHR)
Subdivision:

Unknown
Senior Community:

No
Features:

Suburban
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

6.00
Carport Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/6/24 Nov 6, 2024	Pending	CRMLS_CA	$1,175,000
10/18/24 Oct 18, 2024	Price Changed	CRMLS_CA	$1,175,000	-2.1%
8/19/24 Aug 19, 2024	Listed / Active	CRMLS_CA	$1,200,000

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This multifamily located in Beaumont, CA 92223 is currently pending sale for $1,175,000. 926 Edgar Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 88 days. This multifamily is in the attendance area of Three Rings Ranch Elementary School, Beaumont Senior High School, and Mountain View Middle School.

Listing Courtesy of: CRMLS_CA and LE INVESTMENT GROUP. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 14.

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.