Beaumont, CA 92223,926 Edgar Avenue
Beaumont, CA 92223,926 Edgar Avenue
Beaumont, CA 92223,926 Edgar Avenue
Listed by ALBERT LE • LE INVESTMENT GROUP
$1,160,000
Est. payment /mo
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

4,500 SqFt
SOLD DATE : 12/17/2024

Key Details

Sold Price $1,160,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $257

MLS Listing ID IV-24171885

Year Built 1977

Lot Size 0.380 Acres

Property Description

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.

Location

State CA

County Riverside

Interior

Heating None

Laundry Inside

Exterior

Parking Features Gated

Pool None

Community Features Suburban

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


GET MORE INFORMATION

agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.