14202 California Avenue

    Beaumont, CA 92223
    • $360,000
    • STATUS: Active
    • ON SITE: 42 days
    • ID#: EV19230498
    UPDATED: 39 min ago
    $360,000
    • 0
      BEDS
    • 0.9
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,400
      SQFT
    • $257
      $/SQFT
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    The sale consists of over +- .9 acres total, 14202-04 California Ave. There is a community well that provides water to the parcel, as well as an exclusive private well to support each parcel if needed. This property consists of a remodeled duplex with a 2 bed 1 bath and a 1 bed 1 bath. Very nice layout within the units and easy to maintain. This property has its own septic system and additional land that is not being used, could possibly build more units. Existing GSI is $27,000 before any expenses and offers an attractive cap rate with great upside. Can be purchased with adjacent property at 14202 California Ave at a discounted bulk price, see MLS#EV19230521.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T21:31:01.527. 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/99451968

    14202 California Avenue Beaumont, CA 92223

    • Price: $360,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: EV19230498
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.9
    Acres
    1,400
    SQFT
    $257
    $/SQFT
    1959
    Built
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley
    Property Description
    The sale consists of over +- .9 acres total, 14202-04 California Ave. There is a community well that provides water to the parcel, as well as an exclusive private well to support each parcel if needed. This property consists of a remodeled duplex with a 2 bed 1 bath and a 1 bed 1 bath. Very nice layout within the units and easy to maintain. This property has its own septic system and additional land that is not being used, could possibly build more units. Existing GSI is $27,000 before any expenses and offers an attractive cap rate with great upside. Can be purchased with adjacent property at 14202 California Ave at a discounted bulk price, see MLS#EV19230521.
    Exterior Features

    Carport Spaces 2.00 Garage Spaces 0.00 Lot Features Horse Property UnimprovedLot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 1 Common Wall Heating None Heating YN No Laundry Features Common Area Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.20 Community Features Rural Country Us Elevation Units Feet Gross Income 2250.00 Gross Multiplier 13.50 Gross Operating Income 26190.00 Gross Scheduled Income 27000.00 Insurance Expense 800.00 Land Lease YN No Laundry YN Yes Net Operating Income 19028.00 New Construction YN No New Taxes Expense 4562.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 7162.00 Operating Expense Percent 27.00 Rent Control YN No Senior Community YN No Sewer Conventional Septic Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Expenses 7162.00 Trash Expense 300.00 Vacancy Allowance 810 Vacancy Allowance Rate 3.00 Water Sewer Expense 300.00 Water Source Shared WellWell Year Built Source Estimated

    Listing provided courtesy of Nathan Diones of Regioncy Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T21:31:01.527. 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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