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… Read More 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. Read Less
Property listed by Brett Bayless, Broker, Brett Bayless 949-887-2465
Listing Snapshot
Days Online
15
Last Updated
Property Type
Apartment
Lot Size
2.15 Acres
Year Built
1976
MLS Number
OC24222526
30 Days Snapshot Of 92223
$
-8%
(avg) sold price
53
-29%
homes sold
102
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1976, Building area total: 24,400, Levels: One, 1 story, 8 buildings, Common walls: NoCommonWalls
Community
Suburban
Expenses
Insurance expense: $51,282, New taxes expense: $78,417, Operating expense: $250,854, Other expense: $33,932
Heating
None
Income
Gross income: $541,524, Net operating income: $273,601
Based on information from California Regional Multiple Listing Service, Inc. as of 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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