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1215 8th Street
Beaumont, CA 92223
Sold
8% CURRENT CAP RATE! Still room for higher proforma rents with this 6 unit property consists of 2 homes, 4 plex and a 7 car garage (approx 1550 sqft)! Easy access from the 10 frwy at Pennsylvania. Only a few mins from Highland Springs and all the shopping that Beaumont has to offer. All units were fumigated in March 2022. Each space is rented out month to month (no section 8, all market rent) and current except 1 front house is vacant (can put in market renters)! one of the front houses has new flooring, new paint, new roof new bathroom and updated interior. Property has been maintained over the years with capital improvements spanning the last 15-20 years. Three interior units recently renovated, property recently tented/fumigated, and one roof replaced (front house). Three units have washer/dryer hookups and three units only have washer hookups (but can easily be converted to include dryers), There is an outside coin-op dryer available to those units. All units have their owner gas water heaters. Owner pays water, sewer and trash dumpster (can increase cash flow by converting to individual trash bins instead). Great potential. (Buyer to verify sqft, county/city records, zoning allowed uses, etc - this is located in the City of Beaumont).
PROPERTY INFORMATION
| MLS # | EV22168137 | Lot Size | 17,424 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,099,000
Price Per SqFt: $ 270 |
DOM | 876 Days |
| Address | 1215 8th Street | Type | Residential Income |
| City | Beaumont | Sq.Ft. | 4,066 Sq. Ft. |
| Postal Code | 92223 | Garage | 7 |
| County | Riverside | Year Built | 1956 |
| Bed / Bath | 8 / 0 | Parking | 7 |
| Built In | 1956 | Status | Closed |
| Sold Date | 2023-03-08 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Gas Dryer Hookup, Washer Hookup |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Range, Gas Water Heater, Water Heater |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | All Bedrooms Down |
| Has Cooling | Yes |
| Cooling Information | Evaporative Cooling, Wall/Window Unit(s) |
| Flooring Information | Tile |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,172
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 03/08/2023 | Sold | $985,000 |
| 02/07/2023 | Active Under Contract | $1,099,000 |
| 11/17/2022 | Price Change | $1,099,000 (-4.35%) |
| 11/01/2022 | Price Change | $1,149,000 (-0.09%) |
| 08/01/2022 | Listed | $1,150,000 |
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(844)-333-8033
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Listing provided courtesy of DEBRA HANNA, DEBRA HANNA BROKER. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
