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Sold on 09/26/2023
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847 Cherry Ave, Beaumont, CA 92223

$13,550,000

Last sold 09/26/2023 after 49 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 847 Cherry Ave

Property type Multi-family
Year built 1965
HOA fee $0/month
Lot size 4.87 Acre
Rental estimate
Property description
Beaumont Property Portfolio Sale consisting of 13 Assets Apartments, Mix-Use, SFR & Land Outstanding Locations Upside in Rent Call or email us for a full Offering Memorandum
Listed by
Listing Agent - David Covarrubias
Listing Office - MARCUS & MILLICHAP
Source: CRMLS mls logo
MLS#CV23147232 • last updated 3 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 4.87
Lot Size (SqFt) 212137.2
Year Built 1965
Interior
Laundry None
Exterior
Building Area Square Feet, 47682
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Sidewalks, Street Lights
Subdivision Solera (SLRA), Solera (SLRA)
Directions Cherry Avenue In Between E 8th & E 10th Street.
APN 415303015
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 25768
Expense: Trash 13041
Operating Expense 268023
Cap Rate 5.58
Expense: Insurance 40131
Total Expenses 268023
Expense: Maintenance 42946
Expense: Water/ Sewer 5735
Gross Income 858926
Gross Operating Income 833158
Expense: Electric 5735
Gross Scheduled Income 858926
Expense: Supplies 699
Expense: Fuel 5735
Expense: Gardener 4784
Rental est.: $2,333/month
Gross rent multiplier: 483.9
  • Sep 2023
    mls logo MLS # CV23147232
  • Sep 28, 2023 Sold
    $13,550,000
  • Aug 8, 2023 Listed
    $10,125,516
  • Sep 2023
    Public Records
  • Sep 25, 2023 Sold
    $13,550,000 (+33.8%)
  • Year Property taxes Tax assessment
  • 2024
    $20,835 +430.4%
    $1,632,000 +463.59%
  • 2023
    $3,928 +1.9%
    $289,572 +2.0%
  • 2022
    $3,854 -14.6%
    $283,895 -75.1%
  • 2021
    $4,512 +20.6%
    $1,140,000
  • 2020
    $3,742
    $1,140,000
  • 847 Cherry Ave
    $13.5M
  • —
  • 92223
    $514K +3% y/y
  • Beaumont
    $519K +2% 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 11/12/2026. 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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