NOT LISTED FOR SALE

726 Chestnut Ave Beaumont, CA 92223

14 Beds
14 Baths
6,100 Sq Ft
10,019 Sq Ft Lot

Last Sold December 30, 2020

Last sale price $960,000 $157 Per Sq Ft

About This Home

As of December 2020

Entering for MLS Purposes ONlY- SOLD COMP.

Amazing Income property in Riverside County. This Multi-family 6 unit property based in the city of Beaumont has it all. Excellent location, Unit mix, condition and stable income. Upgrades in property include, Recently replaced floors, paint inside and outside the building, new stairs, all units rented with leases covering a full year, low vacancy, 5 garage spots and plenty of carport spots. The unit is mostly in a single family area so not that much competition from other apartment buildings. It is also close to a high school and elementary schools. The proximity to Easy access to freeway, close to main street, Beaumont ave, make it very attractive to tenants. This property wont last long, one of the best deals on the market.

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 12/30/2020

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty License #01916221 Listed on: 12/30/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 10,019 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 5 Car Garage
  • 7 Carport Spaces

Home Design

  • 6,100 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 12 / 64
  • Tax Tract Number 64
  • Assessor Parcel Number 418043007

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $780
  • Gardener Expense $600
  • Insurance Expense $2,320
  • Professional Management Expense $3,600
  • Trash Expense $2,604
  • Water Sewer Expense $4,000
  • New Taxes Expense $10,781
  • Operating Expense $25,000
  • Net Operating Income $65,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

5

Listing Details

  • Professional Management Expense: 3600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4000.00
  • Zoning: R3
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 418043007
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 157.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 7.00
  • Garage Spaces: 5.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2604.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Multi Family

  • Electric Expense: 780.00
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 2320.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 65000.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 25000.00
  • Other Income Description: Pro Forma
  • Rent Control: No
  • Total Expenses: 25000.00

Tax Info

  • New Taxes Expense: 10781.00
  • Tax Block: 64
  • Tax Census Tract: 440.00
  • Tax Lot: 12
  • Tax Tract Number: 64

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2020 12/30/20 Sold $960,000 -1.5% $157 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
12/30/2020 12/30/20 For Sale $975,000 0.0% $160 / Sq Ft
09/03/2019 09/03/19 Rented $1,095 0.0% --
08/13/2019 08/13/19 Price Changed $1,095 -4.8% $1 / Sq Ft
07/30/2019 07/30/19 For Rent $1,150 0.0% --
04/24/2018 04/24/18 Sold $787,000 -1.5% $129 / Sq Ft View Prior Sale
02/26/2018 02/26/18 For Sale $799,000 +1.5% $131 / Sq Ft
02/23/2018 02/23/18 Off Market $787,000 -- --
02/23/2018 02/23/18 For Sale $799,000 +1.5% $131 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
02/15/2018 02/15/18 Off Market $787,000 -- --
02/08/2018 02/08/18 For Sale $799,000 0.0% $131 / Sq Ft
10/22/2014 10/22/14 Rented $750 -5.7% --
10/22/2014 10/22/14 For Rent $795 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $13,282 $1,039,134 $140,716 $898,418
2023 $13,282 $998,784 $135,252 $863,532
2022 $13,076 $979,200 $132,600 $846,600
2021 $12,825 $960,000 $130,000 $830,000
2020 $10,952 $818,794 $130,050 $688,744
2019 $10,781 $802,740 $127,500 $675,240
2018 $9,113 $666,965 $117,300 $549,665
2017 $8,714 $634,910 $55,404 $579,506
2016 $8,486 $622,462 $54,318 $568,144
2015 $8,344 $613,114 $53,503 $559,611
2014 $3,783 $270,000 $40,000 $230,000
Source: Public Records

Agents Affiliated with this Home

  • Prashant Sampat

    Seller's Agent in 2020

    Prashant Sampat

    Pacific Avenue Realty

    (562) 841-0227

    9 in this area

    219 Total Sales

    Prashant Sampat
    Section Image

  • C

    Seller's Agent in 2019

    Casey Overholt

    ALLIED PACIFIC PROPERTY MGMT.

    (909) 794-8248

    2 Total Sales

    Casey Overholt
    Section Image

  • J

    Seller's Agent in 2014

    Jim Booth

    BETTER HOMES AND GARDENS REAL ESTATE CHAMPIONS

    (909) 376-2396

    37 Total Sales

    Jim Booth
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20242649

California Regional Multiple Listing Service (CRMLS)

APN: 418-043-007

California Riverside County Beaumont 92223

726 Chestnut Ave, Beaumont, CA

Not Listed for Sale

MultiFamily

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