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Tuscany Villas 703 Allegheny St 40 Unit Apartment Building $11,995,000 ($299,875/Unit) 5.70% Cap Rate Beaumont, CA 92223
Investment Highlights
- Price Reduced $855,000!
- Priced below replacement cost at under $187 per foot
- Central AC/heat & individual hot water heaters
- Built in 2008 as condominiums (individual parcels)
- Day One 5.7% Cap Rate
- 100% 3 & 2 bedroom townhouse units w/ connecting 2 & 3 car garages
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,061,820
|
$16.53
|
| Other Income |
$13,044
|
$0.20
|
| Vacancy Loss |
$32,246
|
$0.50
|
| Effective Gross Income |
$1,042,618
|
$16.23
|
| Taxes |
$133,989
|
$2.09
|
| Operating Expenses |
$255,061
|
$3.97
|
| Total Expenses |
$389,050
|
$6.05
|
| Net Operating Income |
$653,568
|
$10.17
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,061,820 |
| Annual Per SF | $16.53 |
| Other Income | |
|---|---|
| Annual | $13,044 |
| Annual Per SF | $0.20 |
| Vacancy Loss | |
|---|---|
| Annual | $32,246 |
| Annual Per SF | $0.50 |
| Effective Gross Income | |
|---|---|
| Annual | $1,042,618 |
| Annual Per SF | $16.23 |
| Taxes | |
|---|---|
| Annual | $133,989 |
| Annual Per SF | $2.09 |
| Operating Expenses | |
|---|---|
| Annual | $255,061 |
| Annual Per SF | $3.97 |
| Total Expenses | |
|---|---|
| Annual | $389,050 |
| Annual Per SF | $6.05 |
| Net Operating Income | |
|---|---|
| Annual | $653,568 |
| Annual Per SF | $10.17 |
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 | 5.70% | 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 | Parcel Number | 419-161-041 |
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price | $11,995,000 |
| Price Per Unit | $299,875 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| 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 |
| Zoning | R3 |
| Parcel Number | 419-161-041 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 16 | $2,293 | 1,759 |
| 3+2.5 | 24 | $2,158 | 1,346 - 1,962 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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Tuscany Villas | 703 Allegheny St
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