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Sold on 03/24/2023
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885 E 7th St, Beaumont, CA 92223

$790,000

Last sold 03/24/2023 after 23 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 885 E 7th St

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Lot size 0.28 Acre
Rental estimate
Property description
Sold before listed. Single-story, five-unit apartment. Four, 2/BR/1 BA units and one 1/BR 1/BA. 100% occupied. Current rents are below market with substantial upside to renovate and raise rents.
Listed by
Listing Agent - JIM TOWERS
Listing Agent Contact: 909-223-9328
Listing Office - TOWERS & ASSOCIATES
Source: CRMLS mls logo
MLS#EV23046427 • last updated 3 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.28
Lot Size (SqFt) 12197
Year Built 1970
Interior
Laundry Washer Hookup
Exterior
Building Area Square Feet, 3911
# Carport Spaces 5
# Parking Spaces 5
Lot Description Corner Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Sidewalks
Subdivision Other, Other (OTHR)
Zoning P
Directions SW Corner Of 7th & Chestnut
APN 418052014
Multifamily Details
Expense: Trash 1200
Operating Expense 11636
Expense: Insurance 1600
Total Expenses 12636
Expense: Maintenance 1500
Expense: Water/ Sewer 2400
Gross Income 44721
Expense: Electric 1800
Gross Scheduled Income 44721
Expense: Gardener 2400
Rental est.: $2,333/month
Gross rent multiplier: 28.2
  • Mar 2023
    mls logo MLS # EV23046427
  • Mar 24, 2023 Sold
    $790,000
  • Mar 23, 2023 Pending
    —
  • Mar 1, 2023 Listed
    $800,000
  • Mar 2023
    Public Records
  • Mar 23, 2023 Sold
    $790,000 (-1.3%)
  • Year Property taxes Tax assessment
  • 2024
    $10,521 +137.9%
    $821,916 +693.64%
  • 2023
    $4,422 +211.7%
    $103,563 +2.0%
  • 2022
    $1,419 +1.9%
    $101,534 +2.0%
  • 2021
    $1,393 +1.2%
    $99,544
  • 2020
    $1,377
    $99,544
  • 885 E 7th St
    $790K
  • Downtown Beaumont
    $435K -21% y/y
  • 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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