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Sold on 05/22/2025
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845 E 6th St, Beaumont, CA 92223

$2,150,000

Last sold 05/22/2025 after 262 Days

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    bed

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    bath

Multi-family not for sale
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About 845 E 6th St

Property type Multi-family
Neighborhood
Year built 1955
HOA fee $0/month
Lot size 0.64 Acre
Rental estimate
Property description
The 6th Street apartments is a 16-unit multi-family property located at 845 E. 6th Street in Beaumont, California. Situated on a spacious ±0.64-acre corner lot, this property features mostly single-story units and a pitched composition roof. Built in 1937 / 1955, the building has 8 studio units, 6 one-bedroom units, and two 2-bedroom units. Over the past 3 years, 11 of the 16 units are updated with new flooring and paint. The property is master metered for electric and gas, with the owner additionally responsible for water / sewer, and trash. An astute investor has the opportunity to enhance cash flow by installing sub-meters for electricity. This investment offers solid returns and significant value-add potential in a growing market. Seller Financing Available at 6% Interest Only for 3 Year. In place cap rate of 6.1% and 9.2 GRM.
Listed by
Listing Agent - Kevin Struve
Listing Agent Contact: Kevin.struve@marcusmillichap.com
Listing Office - MARCUS & MILLICHAP
Source: CRMLS mls logo
MLS#CV24181611 • last updated 1 year ago
Movoto checked CRMLS for data Just now
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Pending
Lot Size (Acres) 0.64
Lot Size (SqFt) 27878
Year Built 1955
Interior
Laundry None
Exterior
Building Area Square Feet, 7200
# Uncovered Spaces 16
# Parking Spaces 16
Lot Description 16-20 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Pool None
Location
County Riverside
Community Features Street Lights
Subdivision Mt Jacinto, Other (OTHR)
Zoning C2
Directions E. 6th Street And Palm Avenue
APN 418112011
Multifamily Details
Expense: Trash 4243
Operating Expense 98154
Cap Rate 6.1
Expense: Insurance 3958
Total Expenses 99483
Expense: Maintenance 8000
Expense: Water/ Sewer 7241
Gross Income 238656
Expense: Electric 16032
Gross Multiplier 9.2
Gross Scheduled Income 238656
Expense: Fuel 13030
Expense: Gardener 2400
Lot/ Land Details
Average Studio Area 350
Rental est.: $2,333/month
Gross rent multiplier: 76.8
  • May 2025
    mls logo MLS # CV24181611
  • May 22, 2025 Sold
    $2,150,000
  • Apr 24, 2025 Pending
    —
  • Apr 15, 2025 Active
    —
  • Jan 20, 2025 Pending
    —
  • Nov 1, 2024 Active
    —
  • Oct 31, 2024 Listed
    —
  • Oct 16, 2024 Active
    —
  • Oct 1, 2024 Price Change
    $2,195,000 (-4.4%)
  • Sep 2, 2024 Listed
    $2,295,000 (+91.3%)
  • May 2025
    Public Records
  • May 22, 2025 Sold
    $2,150,000 (-2.1%)
  • Mar 2021
    Public Records
  • Mar 15, 2021 Sold
    $1,200,000
  • Mar 2021
    mls logo MLS # DW20220489
  • Mar 15, 2021 Sold
    $1,200,000 (-14.3%)
  • Feb 23, 2021 Pending
    —
  • Jan 29, 2021 Price Change
    $1,400,000 (-17.6%)
  • Jan 26, 2021 Listed
    —
  • Jan 7, 2021 Active
    —
  • Jan 7, 2021 Pending
    —
  • Oct 18, 2020 Listed
    $1,700,000 (+61.9%)
  • Apr 2018
    mls logo MLS # IV17252459
  • Apr 10, 2018 Sold
    $1,050,000
  • Apr 6, 2018 Sold
    $1,050,000
  • Jan 19, 2018 Listed
    —
  • Dec 13, 2017 Active
    —
  • Nov 6, 2017 Listed
    $1,050,000
  • Nov 6, 2017 Listed
    $1,050,000 (+223.1%)
  • Mar 2018
    Public Records
  • Mar 23, 2018 Sold
    $1,050,000
  • Apr 2014
    Public Records
  • Apr 23, 2014 Sold
    $325,000
  • Year Property taxes Tax assessment
  • 2024
    $16,599 -0.4%
    $1,298,917 +2.0%
  • 2023
    $16,662 +2.0%
    $1,273,449 +2.0%
  • 2022
    $16,342 +10.8%
    $1,248,480 +13.11%
  • 2021
    $14,748 +1.0%
    $1,103,736
  • 2020
    $14,604
    $1,103,736
  • 845 E 6th St
    $2.15M
  • Downtown Beaumont
    $380K -31% y/y
  • 92223
    $509K +2% y/y
  • Beaumont
    $519K +1% y/y
No chart available
Statistics calculated by Movoto

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6/10
Palm Innovation Academy
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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