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Multifamily

1498 E 6th Street

1498 E 6th St, Beaumont, CA 92223

Listing Price: $1,075,000

Cap Rate
5.00%
GRM
9.71
Occupancy
97.0%

Investment Overview

This 7-unit multifamily offering is located at 1498 E 6th Street in Beaumont, California. Situated on a .25-acre corner lot, the property features two buildings—an inviting two-story apartment complex and an additional structure housing four one-car garages. Built in 1948, the property offers approximately 3,789 Square feet of living space. The unit mix includes 6 One Bedroom/One Bathroom units and 1 Studio, providing versatility to cater to various tenant preferences. With the current rents estimated at 24% below market rates and coupled with the upside in re-positioning the property with exterior /interior renovations, this is an ideal value-added opportunity.

Investment Highlights

  • Value-add Opportunity
  • Situated on a corner lot
  • Features four one-car garages

Exclusively Listed By

Financing By

Multifamily

1498 E 6th Street

Listing Price: $1,075,000

Cap Rate
5.00%
GRM
9.71
Occupancy
97.0%

Investment Highlights

  • Value-add Opportunity
  • Situated on a corner lot
  • Features four one-car garages

Investment Overview

This 7-unit multifamily offering is located at 1498 E 6th Street in Beaumont, California. Situated on a .25-acre corner lot, the property features two buildings—an inviting two-story apartment complex and an additional structure housing four one-car garages. Built in 1948, the property offers approximately 3,789 Square feet of living space. The unit mix includes 6 One Bedroom/One Bathroom units and 1 Studio, providing versatility to cater to various tenant preferences. With the current rents estimated at 24% below market rates and coupled with the upside in re-positioning the property with exterior /interior renovations, this is an ideal value-added opportunity.

Exclusively Listed By

Financing By

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