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Tuscany Villas 703 Allegheny Ave 40 Unit Apartment Building $11,995,000 ($299,875/Unit) 5.68% Cap Rate Beaumont, CA 92223
Investment Highlights
- Features 100% two and three bedroom townhouse units.
- Built as a condominium complex with each unit situated on its own tax assessor parcel.
- Excellent tenant profile.
- Connecting two and three car garages.
- The property is well managed on-site.
- Features a sparkling pool.
Executive Summary
PROPERTY HIGHLIGHTS
• 100% 3 & 2 bedroom townhouse units
• Connecting 3 & 2 car garages
• Built in 2008 as condominiums
(individual parcels)
• Well managed with on-site management &
excellent tenant profile
• Sparkling pool, spa, playground & BBQ area
• Priced below replacement cost at
under $186 per foot
• Spacious units offering 3 different floor plans
• Average of ±1,606 square foot units
• Central AC/heat & individual hot water heaters
• Large ±2.45 Acre parcel
• ±1 mile with easy access to the I-10 freeway
• 100% 3 & 2 bedroom townhouse units
• Connecting 3 & 2 car garages
• Built in 2008 as condominiums
(individual parcels)
• Well managed with on-site management &
excellent tenant profile
• Sparkling pool, spa, playground & BBQ area
• Priced below replacement cost at
under $186 per foot
• Spacious units offering 3 different floor plans
• Average of ±1,606 square foot units
• Central AC/heat & individual hot water heaters
• Large ±2.45 Acre parcel
• ±1 mile with easy access to the I-10 freeway
Property Facts
| Price | $11,995,000 | Building Class | B |
| Price Per Unit | $299,875 | Lot Size | 2.45 AC |
| Sale Type | Investment | Building Size | 64,254 SF |
| Cap Rate | 5.68% | Average Occupancy | 97% |
| Gross Rent Multiplier | 11.3 | No. Stories | 3 |
| No. Units | 40 | Year Built | 2008 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | Cross Streets | E. 8th St. |
| Apartment Style | Garden | Parcel Number | 419-161-041 |
| Zoning | R3 | ||
| Price | $11,995,000 |
| Price Per Unit | $299,875 |
| Sale Type | Investment |
| Cap Rate | 5.68% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 2.45 AC |
| Building Size | 64,254 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 1.56/1,000 SF |
| Cross Streets | E. 8th St. |
| Zoning | R3 |
| Parcel Number | 419-161-041 |
Amenities
Site Amenities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Spa
- Tenant Controlled HVAC
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 16 | - | 1,742 |
| 3+2.5 | 24 | - | 1,346 - 1,692 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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