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

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    1451 Michigan Avenue, Beaumont, CA 92223
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    1451 Michigan Avenue
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    • MLS#: OC24222526 ( Apartment )
    • Street Address: 1451 Michigan Avenue
    • Viewed: 10
    • Price: $5,895,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1976
    • Bldg sqft: 0
    • Days On Market: 56
    • Additional Information
    • County: RIVERSIDE
    • City: Beaumont
    • Zipcode: 92223
    • Subdivision: Other (othr)
    • Provided by: Brett Bayless, Broker
    • Contact: Brett Brett
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Beaumont Park is a 33 unit apartment community located in one of the fastest growing cities of Riverside County, Beaumont, CA. The well appointed asset is situated on a large 2.15 acre lot and provides tenants the benefit of low density living with only 15.3 units per acre, single story construction, and ample parking. The asset features an ideal unit mix of (70%) 2 Bed / 2 Bath units, and (30%) 1 Bed / 1 units, and boasts high occupancy, providing investors an opportunity to enhance yield in the near term with rent increases and recovery of loss to lease. Within a 15 , 30 , and 60 minute commute of Beaumont Park, there are approximately 24,500, 275,500, and 1.35 million jobs, respectively. Easy access to jobs provides an increasingly robust tenant base.
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    Features
    Building Area Total
    1. 24400.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. No Common Walls
    Country
    1. US
    Electric Expense
    1. 0.00
    Entry Location
    1. front
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Heating
    1. None
    Insurance Expense
    1. 51282.00
    Laundry Features
    1. Common Area
    Laundry Income
    1. 2455.00
    Levels
    1. One
    Lot Features
    1. 11-15 Units/Acre
    Netoperatingincome
    1. 273601.00
    Newtaxesexpense
    1. 78417.00
    Number Of Separate Electric Meters
    1. 34
    Number Of Separate Gas Meters
    1. 34
    Otherexpense
    1. 33932.00
    Otherexpensedescription
    1. Utilitie
    Otherincome1
    1. 2892.00
    Parcel Number
    1. 404260002
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 26233.00
    Property Type
    1. Apartment
    Sewer
    1. Unknown
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 426134645:CRM
    Spa Features
    1. None
    Subdivision Name Other
    1. NA
    Totalexpenses
    1. 250854.00
    Trash Expense
    1. 0.00
    Vacancyallowance
    1. 12516
    View
    1. Mountain(s)
    Views
    1. 10
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1976
    Year Built Source
    1. Public Records
    Zoning
    1. R3
    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