Movoto Real Estate
Sold on 02/26/2026
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638 Michigan, Beaumont, CA 92223

$1,291,000

Last sold 02/26/2026 after 30 Days

  • —

    bed

  • —

    bath

Multi-family not for sale

About 638 Michigan

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 10,019 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Two mirror-image parcels sold together, allowing for residential 1–4 unit financing and eliminating the need for a commercial loan. Each parcel includes a front single-family home with a one-car garage and a rear duplex, totaling 6 units. All units are fully occupied at market rents with a low 5% vacancy rate. The property is well maintained with little to no deferred maintenance. Three of the six units have been moderately upgraded. All units are 2 bed / 1 bath with indoor laundry, private yard space, and storage sheds. Tenants are in excellent standing, rents are increased annually, and renter profiles are strong. Recent improvements include flooring, windows, garage doors, exterior paint, parking area re-paving, and trash area relocation to name a few. All units are individually metered, have designated mailboxes, and offer ample on-site parking.
Listed by
Listing Agent - SAGE WOOD
Listing Agent Contact: 951-858-0033
Listing Office - KELLER WILLIAMS RIVERSIDE CENT
Source: CRMLS mls logo
MLS#IV26028815 • last updated 8 months ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style One
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.23
Lot Size (SqFt) 10019
Year Built 1953
Interior
Window Features Double Pane Windows
Exterior
Building Area Square Feet, 5350
Roof Shingle
Parking Paved, Garage - Single Door
# Uncovered Spaces 16
# Parking Spaces 18
# Garage Spaces 2
Lot Description 2-5 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Curbs
Subdivision Solera (SLRA), Solera (SLRA)
Directions Exit
APN 418031012
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 2954
Operating Expense 15218
Cap Rate 8.32
Expense: Insurance 8434
Total Expenses 15218
Expense: Water/ Sewer 3830
Gross Multiplier 10.02
Gross Scheduled Income 129840
Rental est.: $2,333/month
Gross rent multiplier: 46.1
  • Feb 2026
    mls logo MLS # IV26028815
  • Feb 27, 2026 Sold
    $1,291,000
  • Feb 11, 2026 Pending
    —
  • Jan 27, 2026 Listed
    $1,300,000 (+348.3%)
  • Feb 2026
    Public Records
  • Feb 26, 2026 Sold
    $1,291,000 (-0.7%)
  • Jun 2014
    Public Records
  • Jun 25, 2014 Sold
    $290,000 (+10.5%)
  • Jun 2004
    Public Records
  • Jun 30, 2004 Sold
    $262,500
  • Year Property taxes Tax assessment
  • 2025
    $4,675 +1.9%
    $355,486
  • 2024
    $4,589 -0.4%
    $355,486 +4.04%
  • 2023
    $4,606 +1.9%
    $341,684
  • 2022
    $4,518 +1.9%
    $341,684 +4.04%
  • 2021
    $4,432 -7.7%
    $328,418
  • 2020
    $4,801
    $328,418
  • 638 Michigan
    $1.29M
  • Downtown Beaumont
    $380K -34% y/y
  • 92223
    $509K 0% y/y
  • Beaumont
    $519K +1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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