Movoto Real Estate
Sold on 12/17/2024
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926 Edgar Ave, Beaumont, CA 92223

$1,183,000

Last sold 12/17/2024 for $1.16M

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    bed

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    bath

Multi-family not for sale

About 926 Edgar Ave

Property type Multi-family
Year built 1977
HOA fee $0/month
Lot size 0.38 Acre
Movoto estimate
Rental estimate
Property description
Highlights: Tremendous Upside with a ProForma CAP Rate of 6.71% / Current CAP Rate of 5.50% / ProForma GRM of 9.60 & Current GRM of 11.20 / Rental Comparables Illustrate a 98% Occupancy Area / 2-bedroom units in Beaumont are currently leasing at a rate of $1,750 per month / The property was constructed in 1977 & is located on a spacious 0.38-acre lot / New & improved rooftops / Charming 6-unit multifamily property / Single-story, cottage-style units / No shared walls between units / Individually metered for gas and electric / Onsite parking available at the rear of the property / Discover a unique investment opportunity in Beaumont, California, with this charming 6-unit multifamily property. Nestled on a spacious 0.38-acre lot, this well-maintained property offers a desirable blend of privacy and convenience with its single-story, cottage-style units, each featuring no shared walls. Built in 1977, each of the six units is thoughtfully designed with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Recent upgrades include newer roofs, ensuring low maintenance costs and added peace of mind. The property is designed for efficient management with each unit individually metered for gas and electric, and onsite parking available at the rear of the property adds convenience for tenants and guests alike.
Listed by
Listing Agent - ALBERT LE
Listing Agent Contact: 909-256-7889
Listing Office - LE INVESTMENT GROUP
Source: CRMLS mls logo
MLS#IV24171885 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.38
Lot Size (SqFt) 16552.8
Year Built 1977
Interior
Laundry Inside
Exterior
Building Area Square Feet, 4500
# Carport Spaces 6
# Parking Spaces 6
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Suburban
Subdivision Unknown, Other (OTHR)
Directions See Address
APN 415262021
Multifamily Details
Expense: Trash 500
Operating Expense 38674
Cap Rate 6.71
Expense: Insurance 4869
Total Expenses 41696
Expense: Water/ Sewer 600
Gross Income 122400
Gross Multiplier 9.6
Gross Scheduled Income 122400
$1.18M
Range: $1.05M-$1.31M
Last 30 days 
Rental est.: $2,333/month
Gross rent multiplier: 41.4
  • Dec 2024
    mls logo MLS # IV24171885
  • Dec 19, 2024 Sold
    $1,160,000 (-1.3%)
  • Nov 6, 2024 Pending
    —
  • Oct 18, 2024 Price Change
    $1,175,000 (-2.1%)
  • Aug 19, 2024 Listed
    $1,200,000
  • Year Property taxes Tax assessment
  • 2024
    $2,712 -0.4%
    $1,160,000 +479.62%
  • 2023
    $2,722 +1.9%
    $200,131
  • 2022
    $2,671 +1.9%
    $200,131 +4.04%
  • 2021
    $2,620 +1.1%
    $192,362
  • 2020
    $2,593 +1.6%
    $192,362 +1.04%
  • 2019
    $2,552 +0.4%
    $190,390 +2.0%
  • 2018
    $2,542 +1.6%
    $186,658 +2.0%
  • 2017
    $2,502 +2.7%
    $182,999 +4.04%
  • 2016
    $2,437 +1.7%
    $175,895
  • 2015
    $2,396
    —
  • 926 Edgar Ave
    $1.16M
  • —
  • 92223
    $509K 0% y/y
  • Beaumont
    $519K 0% y/y
No chart available
Statistics calculated by Movoto

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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.
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