NOT LISTED FOR SALE

885 E 7th St Beaumont, CA 92223

3 Beds
2 Baths
3,911 Sq Ft
0.28 Acres

Last Sold March 24, 2023

Last sale price $790,000 $202 Per Sq Ft

About This Home

As of March 2023

Sold before listed. Single-story, five-unit apartment. Four, 2/BR/1 BA units and one 1/BR 1/BA. 100% occupied. Current rents are below market with substantial upside to renovate and raise rents.

Last Agent to Sell the Property

James Towers

TOWERS & ASSOCIATES License #01342640 Listed on: 03/23/2023

Last Buyer's Agent

JOSEPH CHAVEZ

Hunley Realty Group License #01300793

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 3,911 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces

Listing and Financial Details

  • Legal Lot and Block 3 / 89
  • Assessor Parcel Number 418052014
  • $70 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Gardener Expense $2,400
  • Insurance Expense $1,600
  • Maintenance Expense $1,500
  • Professional Management Expense $2,236
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $9,480
  • Operating Expense $12,636
  • Gross Income $44,721
  • Net Operating Income $33,085

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Price Per Unit: 160000
  • Professional Management Expense: 2236.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: P
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 418052014
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 201.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 44721.00
  • Gross Scheduled Income: 44721.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 12197.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 33085.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 11636.00
  • Rent Control: Yes
  • Total Expenses: 12636.00

Tax Info

  • New Taxes Expense: 9480.00
  • Tax Block: 89
  • Tax Census Tract: 440.00
  • Tax Lot: 3
  • TaxOtherAnnualAssessmentAmount: 70.00

Range of Values:

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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 Change Sq Ft Price
03/24/2023 03/24/23 Sold $790,000 -1.3% $202 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $800,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • James Towers

    Seller's Agent in 2023

    James Towers

    TOWERS & ASSOCIATES

    (909) 223-9328

    3 in this area

    29 Total Sales

    James Towers
    Section Image
  • JOSEPH CHAVEZ

    Buyer's Agent in 2023

    JOSEPH CHAVEZ

    Hunley Realty Group

    (760) 401-2016

    2 in this area

    8 Total Sales

    JOSEPH CHAVEZ
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV23046427

California Regional Multiple Listing Service (CRMLS)
California Riverside County Beaumont 92223

885 E 7th St, Beaumont, CA

This home is located at 885 E 7th St, Beaumont, CA 92223 since 23 March 2023. This property was built in 1970. 885 E 7th St is a home located in Riverside County with nearby schools including Palm Innovation Academy, San Gorgonio Middle School, and Beaumont Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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