Seller's Agent in 2021
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
24 Total Sales
645 American Ave Beaumont, CA 92223
2
Beds
1
Bath
2,754
Sq Ft
8,712
Sq Ft Lot
About This Home
As of February 2021*Must be purchased with adjoining parcel. APN#: 419-232-018. MLS#: IV20231904.* Offering An Actual CAP Rate of 5.00% with a ProForma CAP Rate of 5.48%. ProForma CAP Rate is Based on Leveling Off Current Rents. Offering An Actual GRM of 13.79 with a ProForma GRM of 12.82. The Property Was Extensively Renovated. Pride Of Ownership, Absolute Turn Key, Recent Capital Improvements Exceeding $85,000+. Improvements include but are not limited to, Counter Tops, Flooring, Cabinetry, Bathroom Vanities, Wall A/C Units, New Bathroom Faucets, Bathtubs, Sinks, Toilets, Water Heaters, Lighting, Window Frames, Updated Landscaping, Paint, and Doors. Residential Financing Available (Triplex on each Parcel). Rental Comparables Illustrate a 98% Occupancy Area. The Apartment is 100% Occupied With 100% Rent Collections. The American Avenue Apartments are located at 645-655 American Ave. Beaumont, CA. 92223. This 6 unit apartment community is composed of all 2 bedroom, 1 bath units that are approximately 918 sqft. The tenants are awarded with onsite covered parking and a laundry facility. The property sits on .40 acres conveniently located north of the 10 Freeway. The property centralized location offers many advantages, convenient public transportation, close proximity to schools, shopping, and employment. Major employers in the area include San Gorgonio Memorial Hospital, Cabazon Outlets, and Morongo Casino which are within 5-10 miles from the property.
Last Agent to Sell the Property
LE INVESTMENT GROUP License #01468313 Listed on: 11/03/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1970
Lot Details
- 8,712 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 2,754 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 2 Open Parking Spaces
- 5 Parking Spaces
- 3 Carport Spaces
- Parking Available
- Paved Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Conventional Septic
Additional Features
- Laundry in unit
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 6 / 3
- Assessor Parcel Number 419232019
Community Details
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $270
- Fuel Expense $180
- Gardener Expense $900
- Insurance Expense $750
- Maintenance Expense $1,389
- Other Expense $175
- Pest Control $300
- Trash Expense $444
- Water Sewer Expense $720
- New Taxes Expense $8,010
- Operating Expense $13,438
- Gross Income $46,800
- Net Operating Income $32,858
Additional Features
- 3 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/26/2021 02/26/21 | Sold | $575,000 | -4.2% | $209 / Sq Ft | |
| 02/02/2021 02/02/21 | Pending | -- | -- | -- | |
| 11/03/2020 11/03/20 | For Sale | $600,000 | +64.4% | $218 / Sq Ft | |
| 11/29/2017 11/29/17 | Sold | $364,900 | 0.0% | $132 / Sq Ft | View Prior Sale |
| 10/04/2017 10/04/17 | For Sale | $364,900 | -- | $132 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,964 | $621,044 | $135,304 | $485,740 |
| 2023 | $7,964 | $596,929 | $130,050 | $466,879 |
| 2022 | $7,841 | $585,225 | $127,500 | $457,725 |
| 2021 | $5,164 | $383,573 | $99,861 | $283,712 |
| 2020 | $5,112 | $379,641 | $98,838 | $280,803 |
| 2019 | $5,032 | $372,198 | $96,900 | $275,298 |
| 2018 | $5,013 | $364,900 | $95,000 | $269,900 |
| 2017 | $4,701 | $340,537 | $63,485 | $277,052 |
| 2016 | $4,578 | $333,861 | $62,241 | $271,620 |
| 2015 | $4,502 | $328,848 | $61,307 | $267,541 |
| 2014 | $4,505 | $322,408 | $60,107 | $262,301 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
-
EVELYN PAGANO
Buyer's Agent in 2021
EVELYN PAGANO
ACTION REAL ESTATE & DEVELOP
(951) 203-6561
3 Total Sales
-
Roy Karimpour
R
Seller's Agent in 2017
Roy Karimpour
NEW BEGINNING REALTY, INC
(951) 809-3988
34 Total Sales
-
Jill Huntsinger
Buyer's Agent in 2017
Jill Huntsinger
CAPITIS REAL ESTATE
(951) 202-4449
48 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV20231883
APN: 419-232-019
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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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