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1215 E 8th Street

Beaumont, CA 92223
  • $1,150,000
  • STATUS: Active
  • ON SITE: 5 Days
  • ID#: EV22168137
New On Site 5 Days Ago
UPDATED: 83 min ago
$1,150,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Debra Hanna of Debra Hanna Broker (909-528-2512)


Description

6 unit property with 2 homes with a 4 plex with a 7 car garage! Currently 4.8% CAP at below market rents. Easy access from the 10 frwy at Pennsylvania. Only a few mins from Highland Springs and all the shopping that Beaumont has to offer. All units rented are month to month no section 8, all market) and current except the front house unit will be vacant at close of escrow. Improvements to the house can be done by the owner or new buyer. In turn this will allow the new owner to receive current market rent. Property has been maintained over the years with capital improvements spanning the last 15-20 years. Three units have washer/dryer hookups and three units only have washer hookups (but can easily be converted to include dryers) There is an outside dryer available to those units. All units have their owner gas water heaters. Owner pays water, sewer and trash dumpster (can increase cash flow by converting to individual trash bins instead). Great potential. (Buyer to verify sqft, county/city records, zoning allowed uses, etc - this is located in the City of Beaumont)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T10:27:38.013. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131483700
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1215 E 8th Street Beaumont, CA 92223

  • Price: $1,150,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 83 min ago
  • ID#: EV22168137
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1956
Built
Neighborhood:
263 - Banning/Beaumont/Cherry Valley
County:
Riverside
Area:
263 - Banning/Beaumont/Cherry Valley
Property Description
6 unit property with 2 homes with a 4 plex with a 7 car garage! Currently 4.8% CAP at below market rents. Easy access from the 10 frwy at Pennsylvania. Only a few mins from Highland Springs and all the shopping that Beaumont has to offer. All units rented are month to month no section 8, all market) and current except the front house unit will be vacant at close of escrow. Improvements to the house can be done by the owner or new buyer. In turn this will allow the new owner to receive current market rent. Property has been maintained over the years with capital improvements spanning the last 15-20 years. Three units have washer/dryer hookups and three units only have washer hookups (but can easily be converted to include dryers) There is an outside dryer available to those units. All units have their owner gas water heaters. Owner pays water, sewer and trash dumpster (can increase cash flow by converting to individual trash bins instead). Great potential. (Buyer to verify sqft, county/city records, zoning allowed uses, etc - this is located in the City of Beaumont)
Exterior Features

Direction Faces North Lot Features Front YardYard Number Of Separate Electric Meters 7 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances Gas RangeGas Water HeaterWater Heater Common Walls 2+ Common WallsEnd Unit Cooling Evaporative CoolingWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.8 Common Interest None Community Features Storm Drain(S)Street LightsSidewalks Electric Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 74064 Insurance Expense 2808 Land Lease YN Yes Laundry Features Washer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 2040 Net Operating Income 54960 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 19104 Other Expense 2844 Possession Close Of Escrow Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTelephone Total Actual Rent 6172 Trash Expense 4800 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 0 Water Sewer Expense 6612 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-07T10:27:38.013. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Debra Hanna of Debra Hanna Broker (909-528-2512)