845 E 6th St Beaumont, CA 92223
Estimated payment $14,364/month
Highlights
- 0.64 Acre Lot
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- No HOA
About This Home
The 6th Street apartments is a 16-unit multi-family property located at 845 E. 6th Street in Beaumont, California. Situated on a spacious ±0.64-acre corner lot, this property features mostly single-story units and a pitchedcomposition roof. Built in 1937 / 1955, the building has 8 studio units, 6 one-bedroom units, and two 2-bedroom units.Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas,with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunityto enhance cash flow by installing sub-meters for electricity. This investment offers solid returns and significant value-add potential in a growing market.Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.
Listing Agent
MARCUS & MILLICHAP Brokerage Email: kevin.struve@marcusmillichap.com License #01266441
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 0.64 Acre Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- Apartment
Interior Spaces
- 7,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 6 / 95
- Tax Tract Number 440
- Assessor Parcel Number 418112011
- $82 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 16 Units
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $16,032
- Fuel Expense $13,030
- Gardener Expense $2,400
- Insurance Expense $3,958
- Maintenance Expense $8,000
- Other Expense $4,000
- Pest Control $900
- Professional Management Expense $8,400
- Trash Expense $4,243
- Water Sewer Expense $7,241
- New Taxes Expense $29,250
- Operating Expense $99,483
- Gross Income $238,656
- Net Operating Income $133,942
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | Off Market | -- | -- | -- |
| 04/15/2025 04/15/25 | For Sale | $2,195,000 | 0.0% | $305 / Sq Ft |
| 03/31/2025 03/31/25 | For Rent | -- | -- | -- |
| 11/01/2024 11/01/24 | Pending | -- | -- | -- |
| 10/01/2024 10/01/24 | Price Changed | $2,195,000 | -4.4% | $305 / Sq Ft |
| 09/03/2024 09/03/24 | For Sale | $2,295,000 | 0.0% | $319 / Sq Ft |
| 03/31/2024 03/31/24 | For Rent | -- | -- | -- |
| 03/15/2021 03/15/21 | Sold | $1,200,000 | -14.3% | $167 / Sq Ft |
| 02/22/2021 02/22/21 | Pending | -- | -- | -- |
| 01/29/2021 01/29/21 | Price Changed | $1,400,000 | -17.6% | $194 / Sq Ft |
| 01/07/2021 01/07/21 | For Sale | $1,700,000 | +41.7% | $236 / Sq Ft |
| 01/05/2021 01/05/21 | Pending | -- | -- | -- |
| 01/05/2021 01/05/21 | Off Market | $1,200,000 | -- | -- |
| 10/19/2020 10/19/20 | For Sale | $1,700,000 | +61.9% | $236 / Sq Ft |
| 04/06/2018 04/06/18 | Sold | $1,050,000 | 0.0% | $146 / Sq Ft |
| 11/06/2017 11/06/17 | For Sale | $1,050,000 | -- | $146 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24181611
APN: 418-112-011
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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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