Beaumont Park Apartments | 1451 Michigan Ave
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Beaumont Park Apartments 1451 Michigan Ave
33 Unit Apartment Building $5,895,000 ($178,636/Unit) Beaumont, CA 92223
Investment Highlights
- Strong Operational and Rent Upside
- Very Low Density of 15.3 du/ac
- Individually Metered for Gas and Electric
- Single Story Asset with Highly Desirable Unit Mix
- Rapidly Growing Population Commutable to Over 1.35 Million Jobs
Executive Summary
The Mogharebi Group is pleased to present the opportunity to acquire Beaumont Park, a 33-unit multifamily community located at 1451 Michigan Avenue in Beaumont, California. This single story asset benefits from a desirable unit mix of one- and two-bedroom floorplans with ample ground floor parking. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. The city of Beaumont features an abundance of local amenities offering residents easy access to a daily mix of shopping, dining, and retail conveniences. Additionally, the asset sits just minutes from Interstate 10, making it highly commutable to the millions of jobs found within the region. An abundance of local recreational amenities, stunning mountain vistas, and close proximity to nearby job centers, all culminate to allow Beaumont Park to capitalize on a growing local tenant base
Reach out to the Listing Agents for additional information and the document vault
Reach out to the Listing Agents for additional information and the document vault
Property Facts
| Price | $5,895,000 | Apartment Style | Garden |
| Price Per Unit | $178,636 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.15 AC |
| Gross Rent Multiplier | 10.9 | Building Size | 24,500 SF |
| No. Units | 33 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | $5,895,000 |
| Price Per Unit | $178,636 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.9 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.15 AC |
| Building Size | 24,500 SF |
| No. Stories | 1 |
| Year Built | 1970 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Yard
- Patio
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,225 | 600 |
| 2+1 | 23 | $1,550 | 800 |
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PROPERTY TAXES
| Parcel Number | 404-260-002 | Improvements Assessment | $726,289 |
| Land Assessment | $705,195 | Total Assessment | $1,431,484 |
PROPERTY TAXES
Parcel Number
404-260-002
Land Assessment
$705,195
Improvements Assessment
$726,289
Total Assessment
$1,431,484
zoning
| Zoning Code | R3, Beaumont |
| R3, Beaumont |
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Jordan Pakzad -
Bryan LaBar -
The Mogharebi Group
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Beaumont Park Apartments | 1451 Michigan Ave
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