Property Details

14200 California Ave
Beaumont, CA 92223

Price
$725,000
GRM
11.4  
GSI
$63,600  
NOI
$40,978  
CAP Rate
5.79  
Units
4  
Price/unit
$181,250  
Square Footage
3,116  
Price/sqft
$233  
Lot Size (sqft)
58,370  
Year Built
1950  

Property Description

The sale consists of two adjacent parcels expanding over ± 1.34 acres total, 14200 California Ave and 14202 California Ave. Front house, 3 bed 1.5 bath has been remodeled and includes a garage that was professionally converted to a full 1 bed 1 bath apartment that is not currently permitted. Both dwellings include private yards and the house has a larger rear yard with workshop space. There is a community well that provides water to each parcel, as well as an exclusive private well to support each parcel if needed. The front parcel has its own septic system.

The larger rear parcel consists of a remodeled duplex with a 2 bed 1 bath and a 1 bed 1 bath. Very nice layout within units and easy to maintain rented. This larger piece also has its own septic system and additional land that is not being used. Existing GSI is $63,600 before any expenses and offers an attractive cap rate with great upside.


Unit Composition

QtyBedroomsBathrooms
13 Bedroom1.5 Bath
12 Bedroom1 Bath
21 Bedroom1 Bath

Contact Regioncy