Seller's Agent in 2024
Kevin Struve
MARCUS & MILLICHAP
(909) 456-3400
2 in this area
15 Total Sales
1498 E 6th St Beaumont, CA 92223
1
Bed
2
Baths
3,789
Sq Ft
0.25
Acres
Highlights
- Cooling System Mounted To A Wall/Window
- Bike Trail
- Wall Furnace
About This Home
As of August 2024The 7-unit multifamily offering is located at 1498 E. 6th St. in Beaumont, California. SELLER FINANCING AVAILABLE, PLEASE CONTACT LISTING AGENT FOR FUTHER DETAILS. Situated on a 0.25 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 add opportunity.
Last Agent to Sell the Property
MARCUS & MILLICHAP Brokerage Email: kevin.struve@marcusmillichap.com License #01266441 Listed on: 05/22/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 0.25 Acre Lot
- Two or More Common Walls
- Density is 26-30 Units/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,789 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 8 / 4
- Tax Tract Number 43821
- Assessor Parcel Number 419202012
- $69 per year additional tax assessments
Community Details
Overview
- 7 Units
Recreation
- Bike Trail
Building Details
- 7 Leased Units
- 8 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $400
- Insurance Expense $3,070
- Maintenance Expense $5,600
- Pest Control $465
- Trash Expense $3,760
- Water Sewer Expense $2,089
- New Taxes Expense $13,125
- Operating Expense $28,924
- Gross Income $83,400
- Net Operating Income $53,774
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/06/2024 08/06/24 | Sold | $945,000 | -12.1% | $249 / Sq Ft |
| 05/22/2024 05/22/24 | For Sale | $1,075,000 | -- | $284 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,013 | $945,000 | $250,000 | $695,000 |
| 2024 | $4,013 | $304,123 | $60,816 | $243,307 |
| 2023 | $4,013 | $298,161 | $59,624 | $238,537 |
| 2022 | $3,952 | $292,315 | $58,455 | $233,860 |
| 2021 | $3,877 | $286,584 | $57,309 | $229,275 |
| 2020 | $3,837 | $283,647 | $56,722 | $226,925 |
| 2019 | $3,778 | $278,086 | $55,610 | $222,476 |
| 2018 | $3,763 | $272,634 | $54,521 | $218,113 |
| 2017 | $3,704 | $267,289 | $53,452 | $213,837 |
| 2016 | $3,607 | $262,049 | $52,404 | $209,645 |
| 2015 | $3,548 | $258,115 | $51,618 | $206,497 |
| 2014 | $3,550 | $253,061 | $50,608 | $202,453 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin Struve
-
Prashant Sampat
Buyer's Agent in 2024
Prashant Sampat
Pacific Avenue Realty
(562) 841-0227
9 in this area
217 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24103763
APN: 419-202-012
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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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