14200 California Avenue

    Beaumont, CA 92223
    • $715,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: EV19209677
    UPDATED: 104 min ago
    $715,000
    • 0
      BEDS
    • 1.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,116
      SQFT
    • $229
      $/SQFT
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    The sale consists of two adjacent parcels expanding over +- 1.34 acres total, 14200 California Ave and 14202 California Ave. Front house, 3 bed 1.5 bath has been remodeled and includes a garage that was professionally converted to a full 1 bed 1 bath apartment that is not currently permitted. Both dwellings include private yards and the house has a larger rear yard with workshop space. There is a community well that provides water to each parcel, as well as an exclusive private well to support each parcel if needed. The front parcel has its own septic system. The larger rear parcel consists of a remodeled duplex with a 2 bed 1 bath and a 1 bed 1 bath. Very nice layout within units and easy to maintain rented. This larger piece also has its own septic system and additional land that is not being used. Existing GSI is $63,600 before any expenses and offers an attractive cap rate with great upside.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T21:30:41.997. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/98580543

    14200 California Avenue Beaumont, CA 92223

    • Price: $715,000
    • Status: Active
    • Updated: 104 min ago
    • ID#: EV19209677
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.34
    Acres
    3,116
    SQFT
    $229
    $/SQFT
    1949
    Built
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley
    Property Description
    The sale consists of two adjacent parcels expanding over +- 1.34 acres total, 14200 California Ave and 14202 California Ave. Front house, 3 bed 1.5 bath has been remodeled and includes a garage that was professionally converted to a full 1 bed 1 bath apartment that is not currently permitted. Both dwellings include private yards and the house has a larger rear yard with workshop space. There is a community well that provides water to each parcel, as well as an exclusive private well to support each parcel if needed. The front parcel has its own septic system. The larger rear parcel consists of a remodeled duplex with a 2 bed 1 bath and a 1 bed 1 bath. Very nice layout within units and easy to maintain rented. This larger piece also has its own septic system and additional land that is not being used. Existing GSI is $63,600 before any expenses and offers an attractive cap rate with great upside.
    Exterior Features

    Architectural Style Craftsman Garage Spaces 0.00 Lot Features Back YardLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City StreetCountry Road

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Inside Levels One

    Property Features

    Additional Parcels Description 428010007 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 5.79 Community Features Rural Country Us Elevation Units Feet Gardener Expense 1200.00 Gross Income 63600.00 Gross Multiplier 11.40 Gross Operating Income 61692.00 Gross Scheduled Income 63600.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 40978.00 New Construction YN No New Taxes Expense 9062.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 2 Number Of Units Leased 4 Operating Expense 20714.00 Operating Expense Percent 33.00 Professional Management Expense 4452.00 Rent Control YN No Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 5300.00 Total Expenses 19714.00 Trash Expense 300.00 Vacancy Allowance 1908 Vacancy Allowance Rate 3.00 Water Sewer Expense 300.00 Water Source Shared WellWell Year Built Source Appraiser

    Listing provided courtesy of Nathan Diones of Regioncy Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T21:30:41.997. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.
     
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