Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    845 6th Street, Beaumont, CA 92223
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    • MLS#: CV24181611 ( Apartment )
    • Street Address: 845 6th Street
    • Viewed: 7
    • Price: $2,195,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1955
    • Bldg sqft: 0
    • Days On Market: 111
    • Additional Information
    • County: RIVERSIDE
    • City: Beaumont
    • Zipcode: 92223
    • Subdivision: Other (othr)
    • Provided by: MARCUS & MILLICHAP
    • Contact: Kevin Kevin
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Association Fee
    1. 0.00
    Building Area Total
    1. 7200.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Days On Market
    1. 108
    Electric Expense
    1. 16032.00
    Fireplace Features
    1. None
    Fuel Expense
    1. 13030.00
    Garage Spaces
    1. 0.00
    Gardner Expense
    1. 2400.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 3958.00
    Laundry Features
    1. None
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. 16-20 Units/Acre
    Netoperatingincome
    1. 133942.00
    Newtaxesexpense
    1. 29250.00
    Otherexpense
    1. 4000.00
    Parcel Number
    1. 418112011
    Pest Control Expense
    1. 900.00
    Pool Features
    1. None
    Postalcodeplus4
    1. 2387
    Professionalmanagementexpense
    1. 8400.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 422291416:CRM
    Subdivision Name Other
    1. Mt Jacinto
    Taxblock
    1. 95
    Tenant Pays
    1. Cable TV
    2. Telephone
    Totalactualrent
    1. 19888.00
    Totalexpenses
    1. 99483.00
    Trash Expense
    1. 4243.00
    Uncovered Spaces
    1. 16.00
    Utilities
    1. Electricity Connected
    2. Natural Gas Connected
    3. Sewer Connected
    4. Water Connected
    Water Sewer Expense
    1. 7241.00
    Year Built
    1. 1955
    Year Built Source
    1. Public Records
    Zoning
    1. C2
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836