NOT LISTED FOR SALE
5 Beds
5 Baths
7,200 Sq Ft
0.64 Acre Lot

Sale Details

Date Sold: May 22, 2025

Last sale price $2,150,000 $299 Per Sq Ft

59 Days on Market

Highlights

  • 0.64 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA

About This Home

As of May 2025

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 pitched
composition 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 opportunity
to 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.

Last Agent to Sell the Property

Kevin Struve

MARCUS & MILLICHAP Brokerage Email: kevin.struve@marcusmillichap.com License #01266441 Listed on: 09/03/2024

Last Buyer's Agent

Tony Regazzi

Keller Williams Rlty Whittier License #01003071

Keller Williams Rlty Whittier

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 27,878 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

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

  • Tenant pays for cable TV, telephone
  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0.64 Acres

Listing Details

  • CapRate: 6.10
  • Professional Management Expense: 8400.00
  • Property Attached: Yes
  • Subdivision Name Other: Mt Jacinto
  • Water Sewer Expenses: 7241.00
  • Zoning: C2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 418112011
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 298.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 16.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 4243.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 27878.00
  • Lot Size Acres: 0.6400

Rental Info

  • Tenant Pays: Cable TV, Telephone

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 750 Square Feet
  • Average Studio Area: 350 Square Feet
  • Electric Expense: 16032.00
  • Fuel Expense: 13030.00
  • Gross Income: 238656.00
  • Gross Multiplier: 9.20
  • Gross Scheduled Income: 238656.00
  • Insurance Expense: 3958.00
  • Lot Size Area: 27878.0000 Square Feet
  • Maintenance Expense: 8000.00
  • Net Operating Income: 133942.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 16
  • Operating Expense: 98154.00
  • Other Expense: 4000.00
  • Rent Control: No
  • Total Actual Rent: 19888.00
  • Total Expenses: 99483.00

Tax Info

  • New Taxes Expense: 29250.00
  • Tax Block: 95
  • Tax Census Tract: 440.00
  • Tax Lot: 6
  • Tax Tract Number: 440
  • TaxOtherAnnualAssessmentAmount: 82.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,293,000
Interest Rate
0.0582%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 31, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,000
Interest Rate
0.028%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 19, 2020
Closed on
Feb 25, 2021
Sold by
Bought by
Seller's Agent
Tony Regazzi
Keller Williams Rlty Whittier
Buyer's Agent
Tony Regazzi
Keller Williams Rlty Whittier
List Price
$1,700,000
Sold Price
$1,200,000
Premium/Discount to List
-$500,000
-29.41%

Purchase Details

Listed on
Nov 6, 2017
Closed on
May 23, 2018
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%

Purchase Details

Listed on
Nov 6, 2017
Closed on
Feb 12, 2018
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
0.0432%
Mortgage Type
Unknown

Purchase Details

Listed on
Nov 6, 2017
Closed on
Feb 7, 2018
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Albert Le
LE INVESTMENT GROUP
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
0.0432%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 8, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$2,150,000 California Title Company
-- Chicago Title
$1,200,000 Chicago Title Company
-- Stewart Title Of California
-- Old Republic Title Company
$1,050,000 Old Republic Title
$325,000 Orange Coast Title Company
$150,000 United Title Co
$200,000 Chicago Title Company
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $1,300,000
Closed $290,000
Previous Owner $3,293,000
Previous Owner $984,000
Previous Owner $700,000
Previous Owner $450,000
Source: Public Records

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
01/13/2026 01/13/26 Off Market -- -- --
01/01/2026 01/01/26 For Rent -- -- --
12/12/2025 12/12/25 Off Market -- -- --
12/01/2025 12/01/25 For Rent -- -- --
05/22/2025 05/22/25 Sold $2,150,000 0.0% $299 / Sq Ft
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 View Prior Sale
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 View Prior Sale
11/06/2017 11/06/17 For Sale $1,050,000 -- $146 / 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 $16,916 $1,298,917 $324,729 $974,188
2023 $16,599 $1,248,480 $312,120 $936,360
2022 $16,342 $1,224,000 $306,000 $918,000
2021 $14,748 $1,103,736 $352,144 $751,592
2020 $14,604 $1,092,420 $348,534 $743,886
2019 $14,376 $1,071,000 $341,700 $729,300
2018 $5,334 $350,139 $145,441 $204,698
2017 $4,753 $343,275 $142,590 $200,685
2016 $4,629 $336,545 $139,795 $196,750
2015 $4,552 $331,493 $137,697 $193,796
2014 $4,325 $308,277 $153,454 $154,823
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24181611

California Regional Multiple Listing Service (CRMLS)

APN: 418-112-011

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