645 American Ave | Beaumont, CA 92223
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- LoopNet Team
645 American Ave
Beaumont, CA 92223
655 American Ave · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- 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.
- The Property Was Extensively Renovated. Pride Of Ownership, Absolute Turn Key, Recent Capital Improvements Exceeding $85,000+
- The Apartment is 100% Occupied With 100% Rent Collections
- Offering An Actual GRM of 13.79 with a ProForma GRM of 12.82
- Residential Financing Available (Triplex on each Parcel)
- Located 10 minutes from Morongo Casino Resort & Cabazon Outlets
PROPERTY FACTS
| No. Units | 6 | Building Size | 5,508 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built | 1970 |
| Lot Size | 0.40 AC | Parking Ratio | 1.45/1,000 SF |
| Zoning | C2 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 5,508 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | C2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,300 | 918 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $974,186 | |
| Land Assessment | $270,608 | Total Assessment | $1,244,794 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$270,608
Improvements Assessment
$974,186
Total Assessment
$1,244,794
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