Jesse Salas
Harcourts One
(858) 239-2533
99 Total Sales
1 in Beaumont
$495,000 Price
926 Edgar Ave Beaumont, CA 92223
Beaumont Area
2
Beds
1
Bath
4,500
Sq Ft
0.38
Acre Lot
Highlights
- 0.38 Acre Lot
- No Heating
- 1-Story Property
About This Home
As of December 2024Highlights: Tremendous Upside with a ProForma CAP Rate of 6.71% / Current CAP Rate of 5.50% / ProForma GRM of 9.60 & Current GRM of 11.20 / Rental Comparables Illustrate a 98% Occupancy Area / 2-bedroom units in Beaumont are currently leasing at a rate of $1,750 per month / The property was constructed in 1977 & is located on a spacious 0.38-acre lot / New & improved rooftops / Charming 6-unit multifamily property / Single-story, cottage-style units / No shared walls between units / Individually metered for gas and electric / Onsite parking available at the rear of the property / Discover a unique investment opportunity in Beaumont, California, with this charming 6-unit multifamily property. Nestled on a spacious 0.38-acre lot, this well-maintained property offers a desirable blend of privacy and convenience with its single-story, cottage-style units, each featuring no shared walls. Built in 1977, each of the six units is thoughtfully designed with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include newer roofs, ensuring low maintenance costs and added peace of mind. The property is designed for efficient management with each unit individually metered for gas and electric, and onsite parking available at the rear of the property adds convenience for tenants and guests alike.
Last Agent to Sell the Property
LE INVESTMENT GROUP Brokerage Phone: 909-256-7889 License #01468313 Listed on: 08/19/2024
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Property Details
Home Type
- Apartment
Year Built
- Built in 1977
Lot Details
- 16,553 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 4,500 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 6 Parking Spaces
- 6 Carport Spaces
Additional Features
- Suburban Location
- No Heating
Listing and Financial Details
- Legal Lot and Block 14 / 44
- Tax Tract Number 2
- Assessor Parcel Number 415262021
- $64 per year additional tax assessments
Community Details
Overview
- 6 Buildings
- 6 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,869
- Trash Expense $500
- Water Sewer Expense $600
- New Taxes Expense $15,604
- Operating Expense $41,696
- Gross Income $122,400
- Net Operating Income $78,830
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
Listed on
Aug 19, 2024
Closed on
Dec 30, 2024
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,200,000
Sold Price
$1,160,000
Premium/Discount to List
-$40,000
-3.33%
Views
26
Purchase Details
Listed on
Aug 19, 2024
Closed on
Oct 29, 2024
Sold by
Bought by
Seller's Agent
Albert Le
LE INVESTMENT GROUP
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$1,200,000
Sold Price
$1,160,000
Premium/Discount to List
-$40,000
-3.33%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$794,000
Interest Rate
6.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 5, 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
$309,750
Interest Rate
6.82%
Purchase Details
Closed on
Dec 4, 2012
Sold by
Bought by
Purchase Details
Closed on
Feb 9, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Beaumont, CA
-
Jesse Salas
-
Susanne Hove
Susanne Hove
Keller Williams Realty Riv
(951) 470-2435
145 Total Sales
5 in Beaumont
$145K - $600K Price Range
-
Lori Alvarez
Lori Alvarez
REAL ESTATE RESOLVED
(909) 317-3786
190 Total Sales
2 in Beaumont
$320K - $465K Price Range
-
Natasha Jefferson
Natasha Jefferson
Elevate Real Estate Agency
(951) 577-2171
13 Total Sales
1 in Beaumont
$355,000 Price
-
Tania Rivera
Tania Rivera
Compass
(858) 682-5736
24 Total Sales
1 in Beaumont
$549,999 Price
-
Frances Mouser
Frances Mouser
eXp Realty of California, Inc
(442) 273-1675
236 Total Sales
1 in Beaumont
$540,000 Price
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| $1,160,000 | Ticor Title | ||
| $885,000 | Fidelity National Title | ||
| -- | None Available | ||
| $200,000 | First American Title Ins Co |
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 |
|---|---|---|---|
| Previous Owner | $794,000 | ||
| Previous Owner | $309,750 | ||
| Previous Owner | $575,250 |
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 |
|---|---|---|---|---|
| 12/17/2024 12/17/24 | Sold | $1,160,000 | -1.3% | $258 / Sq Ft |
| 10/24/2024 10/24/24 | Pending | -- | -- | -- |
| 10/18/2024 10/18/24 | Price Changed | $1,175,000 | -2.1% | $261 / Sq Ft |
| 08/19/2024 08/19/24 | For Sale | $1,200,000 | -- | $267 / 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 |
|---|---|---|---|---|
| 2026 | $15,097 | $1,183,200 | $418,200 | $765,000 |
| 2025 | $2,712 | $1,160,000 | $410,000 | $750,000 |
| 2023 | $2,712 | $200,131 | $130,395 | $69,736 |
| 2022 | $2,671 | $196,208 | $127,839 | $68,369 |
| 2021 | $2,620 | $192,362 | $125,333 | $67,029 |
| 2020 | $2,593 | $190,390 | $124,048 | $66,342 |
| 2019 | $2,552 | $186,658 | $121,616 | $65,042 |
| 2018 | $2,542 | $182,999 | $119,232 | $63,767 |
| 2017 | $2,502 | $179,412 | $116,895 | $62,517 |
| 2016 | $2,437 | $175,895 | $114,603 | $61,292 |
| 2015 | $2,396 | $173,255 | $112,883 | $60,372 |
| 2014 | $2,398 | $169,864 | $110,673 | $59,191 |
Source: Public Records
Agents Affiliated with this Home
-
Albert Le
Seller's Agent in 2024
Albert Le
LE INVESTMENT GROUP
(909) 256-7889
24 Total Sales
-
Prashant Sampat
Buyer's Agent in 2024
Prashant Sampat
Pacific Avenue Realty
(562) 841-0227
205 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV24171885
APN: 415-262-007
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.
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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