Beaumont Park Apartments
1451 Michigan Avenue
Beaumont,
CA 92223
33 Units
Property Summary
Price | $6,100,000 |
Price Per Unit | $184,848 |
Units | 33 |
Year Built | 1970 |
Lot Size Acres | 2.15 |
Investment Highlights
- Strong Operational and Rent Upside
- Single Story Asset with Highly Desirable Unit Mix
- Very Low Density of 15.3 du/ac
- Rapidly Growing Population Commutable to Over 1.35 Million Jobs
- Individually Metered for Gas and Electric
Property Description
The Mogharebi Group is pleased to present the opportunity to acquire Beaumont Park, a 33-unit multifamily community located at 1451 Michigan Avenue in Beaumont, California. This single story asset benefits from a desirable unit mix of one- and two-bedroom floorplans with ample ground floor parking. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. The city of Beaumont features an abundance of local amenities offering potential residents easy access to a daily mix of shopping, dining, and retail conveniences. Additionally, the asset sits just minutes from Interstate 10, making it highly commutable to the millions of jobs found within the region. An abundance of local recreational amenities, stunning mountain vistas, and close proximity to nearby job centers, all culminate to allow Beaumont Park to capitalize on a growing local tenant base.
1451 Michigan Avenue
Beaumont, CA 92223
Beaumont, CA 92223
Multifamily market fundamentals in Beaumont are generally strong and present a favorable investment environment for future owners. Historically high occupancy rates and a steadily increasing rental industry hint at this favorable potential.
Listing Advisors
Bryan LaBar
Jordan Pakzad
Based on this listing