$2,150,000
$2,195,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
7,200 SqFt
SOLD DATE : 05/22/2025
Key Details
Sold Price $2,150,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $298
MLS Listing ID CRCV24181611
Sold Date 05/22/25
HOA Y/N No
Year Built 1955
Lot Size 0.640 Acres
Acres 0.64
Property Sub-Type Other
Property Description
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.
Location
State CA
County Riverside
Zoning C2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Building
Sewer Public Sewer
New Construction No
Others
Tax ID 418112011
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with TonyRegazzi
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