1301 San Miguel Drive, Beaumont, California 92223, Beaumont, 92223 - 3 bed, 2 bath
ACTIVE$396,000
1301 San Miguel Drive, Beaumont, California 92223
3Beds
2Baths
1,292Sqft
8,712Lot
Price Vs. Estimate
The estimated value ($357,623.835) is $38,376.165 (9%) lower than the list price ($396,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Opportunity: The property is explicitly marketed as a 'great investment opportunity' with an 'equity bonus built in to the list price', appealing to investors.
Top Cons:
Property Age: Built in 1960, the property is over 60 years old, which may suggest potential for older infrastructure or components not explicitly updated.
Compared to the nearby listings
Price:$396.0K vs avg $537.0K ($-141,000)7%
Size:1,292 sqft vs avg 2,040 sqft9%
Price/sqft:$307 vs avg $26278%
More Insights
Built in 1960 (65 years old).
Condition: Built in 1960, the property's kitchen and bathrooms are severely outdated, appearing to be original or last renovated 30-50+ years ago, requiring substantial rehabilitation to meet modern standards. While major components like the roof, A/C unit, and water heater have been recently replaced, the interior aesthetics and functionality of the key living spaces are very low, pushing the overall condition into the 'Poor' category despite general maintenance.
Year Built
1960
Close
-
List price
$396K
Original List price
$410K
Price/Sqft
$307
HOA
-
Days on market
-
Sold On
-
MLS number
CV25071457
Home ConditionPoor
Features
Good View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)
About this home
A great investment opportunity just hit the market in the heart of Beaumont! A quaint 3 bedrooms and 2 bathrooms on a nice corner lot. Good standing tenants in place. Tile floors in good condition. General maintenance has been kept up. Brand new roof less than a year old. A/C unit and water heater have also been replaced. Extra deep driveway. Covered patio out back. Equity bonus built in to the list price!
Condition Rating
Poor
Built in 1960, the property's kitchen and bathrooms are severely outdated, appearing to be original or last renovated 30-50+ years ago, requiring substantial rehabilitation to meet modern standards. While major components like the roof, A/C unit, and water heater have been recently replaced, the interior aesthetics and functionality of the key living spaces are very low, pushing the overall condition into the 'Poor' category despite general maintenance.
Pros & Cons
Pros
Investment Opportunity: The property is explicitly marketed as a 'great investment opportunity' with an 'equity bonus built in to the list price', appealing to investors.
Recent Major System Upgrades: Significant capital expenditures have been addressed with a brand new roof (less than a year old), and replaced A/C unit and water heater.
Established Rental Income: The presence of 'good standing tenants in place' provides immediate and stable rental income for an investor.
Desirable Lot Features: The property is situated on a 'nice corner lot' and includes an 'extra deep driveway' and a 'covered patio', enhancing its appeal and functionality.
Maintained Condition: General maintenance has been kept up, and tile floors are in good condition, indicating a well-cared-for property.
Cons
Property Age: Built in 1960, the property is over 60 years old, which may suggest potential for older infrastructure or components not explicitly updated.
Potential for Dated Interiors: While general maintenance is noted, the description does not highlight modern interior renovations (e.g., kitchen, bathrooms), implying finishes might be original or dated.
Modest Square Footage: At 1292 sqft, the home offers a more modest living space for a 3-bedroom property, which might limit appeal for buyers seeking larger homes.