655 American Avenue Beaumont, CA
$ 600,000
Property Attributes
  • MLS#IV20231904
  • TypeIncome
  • CityBeaumont
  • AreaBanning-Beaumont-Cherry Valley
  • Zip92223
  • Style
  • Price$ 600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2754
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Property Description

*Must be purchased with adjoining parcel. APN#: 419-232-019. MLS#: IV20231883.* Offering An Actual CAP Rate of 5.00% with a ProForma CAP Rate of 5.48%. ProForma CAP Rate is Based on Leveling Off Current Rents. Offering An Actual GRM of 13.79 with a ProForma GRM of 12.82. The Property Was Extensively Renovated. Pride Of Ownership, Absolute Turn Key, Recent Capital Improvements Exceeding $85,000+. Improvements include but are not limited to, Counter Tops, Flooring, Cabinetry, Bathroom Vanities, Wall A/C Units, New Bathroom Faucets, Bathtubs, Sinks, Toilets, Water Heaters, Lighting, Window Frames, Updated Landscaping, Paint, and Doors. Residential Financing Available (Triplex on each Parcel). Rental Comparables Illustrate a 98% Occupancy Area. The Apartment is 100% Occupied With 100% Rent Collections. The American Avenue Apartments are located at 645-655 American Ave. Beaumont, CA. 92223. This 6 unit apartment community is composed of all 2 bedroom, 1 bath units that are approximately 918 sqft. The tenants are awarded with onsite covered parking and a laundry facility. The property sits on .40 acres conveniently located north of the 10 Freeway. The property centralized location offers many advantages, convenient public transportation, close proximity to schools, shopping, and employment. Major employers in the area include San Gorgonio Memorial Hospital, Cabazon Outlets, and Morongo Casino which are within 5-10 miles from the property.

Price History
11/3/2020 Listed $600,000

General Features

Attached Structure Attached
Carport Spaces 3.00
Community Features Sidewalks, Suburban
Cooling Wall/Window Unit(s)
Directions 10 Fwy exit Beaumont Ave go North, East on E. 6th st., North on American Ave.
Garage Spaces 0.00
Heating Wall Furnace
Levels One
Listagentaor Inland Valleys
Listing Agent ALBERT LE - BRE#01468313
Listing Agent State License 01468313
MLS Area 263 - Banning/Beaumont/Cherry Valley
Parking Features Carport, Covered, Concrete
Pool Features None
Price Per Square Foot 217.86
Property Attached Y/N Yes
Sewer Conventional Septic
Source System CRMLS
Special Listing Conditions Standard
Total Units 3
Zoning C2

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 918
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 2754.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.2000
Lot Size Area 0.2000
Lot Size Source Assessor
Lot Size Square Feet 8712.00
Lot Size Units Acres
Number of Buildings 1
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 1
Parking Y/N Yes
Total Parking 5.00
Uncovered Spaces 2.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92223

AVG $660K
AVG 78
Year Built
AVG 1959
AVG 57
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.