Multifamily
6th Street Apartments
845 E 6th St, Beaumont, CA 92223
Listing Price: $2,295,000
Investment Overview
Marcus & Millichap Real Estate Investment Services is pleased to exclusively present the 6th Street Apartments, a 16-unit multifamily property located at 845 E. 6th Street in Beaumont, California. Set on a spacious ±0.64-acre corner lot, this property features primarily single-story units and a pitched composition roof. Built in 1937 / 1955, the building offers approximately 7,200 square feet of living space, including 8 studio units, 6 one-bedroom units, and 2 two-bedroom units. Over the past 3 years, 11 of the 16 units have been 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 and implementing RUBS (Ratio Utility Billing System). This investment offers solid returns and significant value-add potential in a growing market.
6th Street Apartments
Investment Highlights
- In-Place Cap Rate of 5.78% with Potential Market Cap Rate of 6.74%
- Seller Financing Available: 6% Interest Only, up to 3-Year Term
- Prime Location on a Large Corner Lot: ±0.64 Acres
- 11 Units Recently Upgraded with New Flooring & Paint
- Diverse Unit Mix: Studio, 1 Bedroom, and 2 Bedroom Units
Exclusively Listed By
Listing Price: $2,295,000
Investment Highlights
- In-Place Cap Rate of 5.78% with Potential Market Cap Rate of 6.74%
- Seller Financing Available: 6% Interest Only, up to 3-Year Term
- Prime Location on a Large Corner Lot: ±0.64 Acres
- 11 Units Recently Upgraded with New Flooring & Paint
- Diverse Unit Mix: Studio, 1 Bedroom, and 2 Bedroom Units
Investment Overview
Marcus & Millichap Real Estate Investment Services is pleased to exclusively present the 6th Street Apartments, a 16-unit multifamily property located at 845 E. 6th Street in Beaumont, California. Set on a spacious ±0.64-acre corner lot, this property features primarily single-story units and a pitched composition roof. Built in 1937 / 1955, the building offers approximately 7,200 square feet of living space, including 8 studio units, 6 one-bedroom units, and 2 two-bedroom units. Over the past 3 years, 11 of the 16 units have been 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 and implementing RUBS (Ratio Utility Billing System). This investment offers solid returns and significant value-add potential in a growing market.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
