845 East 6th Street

Beaumont, CA 92223

$1,200,000
Last Sold Price
3
Beds
16
Baths
7,200 Sq. Ft.
$167 / Sq. Ft.
7,200
Sq. Ft.
$167
per Sq. Ft.

Description

Presenting the 6th & Palm Apartments. The property is centrally located in downtown Beaumont, situated on a 0.64 acre lot. The subject property is made up of 8 studios units, 2 one bedroom / one bathroom units and 2 two bedroom / one bathroom units. This property offers over a 7% cap rate at proforma rents. Beaumont is a growing city located in the state of California. With a population of over 43000 people. Beaumont's unemployment rate is lower than the US national average. Excepted future job growth...Presenting the 6th & Palm Apartments. The property is centrally located in downtown Beaumont, situated on a 0.64 acre lot. The subject property is made up of 8 studios units, 2 one bedroom / one bathroom units and 2 two bedroom / one bathroom units. This property offers over a 7% cap rate at proforma rents. Beaumont is a growing city located in the state of California. With a population of over 43000 people. Beaumont's unemployment rate is lower than the US national average. Excepted future job growth is higher than the US national average of 37.98% at 42.91%. New growth in residential real estate is an indication that people are choosing to move to Beaumont and putting down their money on brand new construction. Beaumont's real estate is, on average, some of the newest in the nation. This property cash flows well and is an excellent property to make the jewel of your portfolio. Back on market. Buyer refused to perform.
  1. Listed by Tony Regazzi • DRE #01003071 • Brokerage DRE #01527225 • Keller Williams Realty Brea/Fullerton

Property Details for 845 East 6th Street

Parking Spaces Total
16
Private Pool
No
Total Units
16.0
Building Type
Detached
Living Area
7200
Assessor Parcel Number
418-112-011
Property Attached YN
false
Common Walls
No Common Walls

Location

Listing Courtesy of Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071

Sold By Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071

Add your commute
LISTING UPDATED: 03/16/2021 07:56 AM

Property Details for 845 East 6th Street

StatusClosed
MLS #DW20220489
Days on Market126
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.64 AC / 27,878 SF
CountyRiverside County

Location

Listing Courtesy of Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071

Sold By Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071

Add your commute

Building Information for 845 East 6th Street

Stories2Residences-Year Built1955Building Size-Lot Size0.64 AC / 27,878 SF

Payment Calculator

$7,937 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$1,388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 845 East 6th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $154,120
  • Gross Scheduled Income: $154,120
  • Vacancy Allowance: 7706
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $146,414
  • Net Operating Income: $134,194
  • Other Income Description: RUBS
  • Other Income 1: $11,237
  • Cap Rate: 6.1
  • Current Financing: Private
  • Financing: Cash
Expense Details
  • Operating Expense: $12,220
  • Operating Expense Percent: 8.30%
  • New Taxes Expense: $21,250
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,241
  • Maintenance Expense: $5,000
  • Professional Management Expense: $0
  • Trash Expense: $2,091
  • Water Sewer Expense: $4,001
  • Total Expenses: $15,333
Tax / Assessment Info
  • Tax Block: 95
  • Tax Tract Number: 0
  • Tax Census Tract: 440.00
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot, Lot 20000-39999 Sqft, Level
  • Direction Faces: North
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 16
  • Open Other Spaces Total: 16
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,071
  • Unit Type Total Rent: $2,071
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,795
  • Unit Type Total Rent: $4,795
  • Unit Type Pro Forma: 5100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,041
  • Unit Type Total Rent: $5,041
  • Unit Type Pro Forma: 6400
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 15
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 845 East 6th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 845 East 6th Street

Taxable ValueLand$312,120Additions$936,360Total$1,248,480
Tax Record2023$16,662 ($1,388 / month)
Home Facts
Total Finished SqFt8,189 SqFtAbove Grade Finished SqFt8,189 SqFtStories2Lot Size27,878 SqFtStyleMulti-Family Res (5+ Units)Year Built1937ZoningC2CountyRIVERSIDEAPN418-112-011

Schools near 845 East 6th Street

This home is within Beaumont Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palm Innovation Academy
PublicK to 5

San Gorgonio Middle School
Public6 to 8

Beaumont Senior High School
Public9 to 12

Glen View High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.