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Sold on 08/06/2024
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1498 E 6th St, Beaumont, CA 92223

$945,000

Last sold 08/06/2024 after 83 Days

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    bed

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    bath

Multi-family not for sale
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About 1498 E 6th St

Property type Multi-family
Year built 1948
HOA fee $0/month
Lot size 0.25 Acre
Parking 4 garage spaces
Rental estimate
Property description
The 7-unit multifamily offering is located at 1498 E. 6th St. in Beaumont, California. SELLER FINANCING AVAILABLE, PLEASE CONTACT LISTING AGENT FOR FUTHER DETAILS. Situated on a 0.25 acre corner lot, the property features two buildings - an inviting two-story apartment complex and an additional structure housing four one-car garages. Built in 1948, the property offers approximately 3,789 square feet of living space. The unit mix includes 6 One Bedroom / One Bathroom units and 1 Studio, providing versatility to cater to various tenant preferences. With the current rents estimated at 24% below market rates and coupled with the upside in re-positioning the property with exterior/interior renovations, this is an ideal value add opportunity.
Listed by
Listing Agent - Kevin Struve
Listing Agent Contact: Kevin.struve@marcusmillichap.com
Listing Office - MARCUS & MILLICHAP
Source: CRMLS mls logo
MLS#CV24103763 • last updated 2 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.25
Lot Size (SqFt) 10890
Year Built 1948
Interior
Laundry None
Exterior
Building Area Square Feet, 3789
Parking None
# Uncovered Spaces 4
# Parking Spaces 8
# Garage Spaces 4
Lot Description 26-30 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Biking
Subdivision SUB SEC 11 T3S R1W, Other (OTHR)
Zoning R
Directions Corner Of 6th Ave And Xenia Ave
APN 419202012
Multifamily Details
Expense: Trash 3760
Operating Expense 28924
Cap Rate 5
Expense: Insurance 3070
Total Expenses 28924
Expense: Maintenance 5600
Expense: Water/ Sewer 2089
Gross Income 83400
Expense: Electric 400
Gross Scheduled Income 83400
Lot/ Land Details
Average Studio Area 500
Rental est.: $2,333/month
Gross rent multiplier: 33.8
  • Aug 2024
    mls logo MLS # CV24103763
  • Aug 6, 2024 Sold
    $945,000
  • Jun 27, 2024 Active
    —
  • May 15, 2024 Listed
    $1,075,000 (+667.9%)
  • Aug 2024
    Public Records
  • Aug 6, 2024 Sold
    $945,000 (-12.1%)
  • Nov 2001
    Public Records
  • Nov 14, 2001 Sold
    $140,000
  • Year Property taxes Tax assessment
  • 2025
    $12,316 +206.9%
    $945,000
  • 2024
    $4,013 -0.4%
    $945,000 +210.73%
  • 2023
    $4,028 +1.9%
    $304,123 +2.0%
  • 2022
    $3,952 +1.9%
    $298,161 +4.04%
  • 2021
    $3,877 +1.0%
    $286,584
  • 2020
    $3,837
    $286,584
  • 1498 E 6th St
    $945K
  • —
  • 92223
    $509K 0% y/y
  • Beaumont
    $519K 0% y/y
No chart available
Statistics calculated by Movoto

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7/10
Sundance Elementary School
public Grades K-5
Beaumont Unified School District
4/10
San Gorgonio Middle School
public Grades 6-8
Beaumont Unified School District
7/10
Beaumont Senior High School
public Grades 9-12
Beaumont Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/29/2026. 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.
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