207 E 5th Street, Beaumont, California 92223, Beaumont, 92223 - bed, bath
ACTIVE$545,000
207 E 5th Street, Beaumont, California 92223
0Bed
0Bath
1,960Sqft
13,068Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Dual Dwelling & Income Potential: The property features two separate homes on one lot, offering significant rental income opportunities or flexible multi-generational living arrangements.
Top Cons:
Age of Property: Built in 1940, the property is older, which may necessitate significant updates, repairs, or maintenance to meet modern living standards or commercial requirements.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property shows significant age and a lack of modern updates. The kitchens and bathrooms are very dated with older cabinets, basic fixtures, and laminate countertops, suggesting renovations that are likely 30-50+ years old. While some laminate flooring appears newer, the overall condition, including visible window AC units (implying no central AC), worn carpets, and general aesthetic, indicates a need for substantial repairs and rehabilitation to meet contemporary living standards or capitalize on its commercial zoning potential.
Year Built
1940
Close
-
List price
$545K
Original List price
$650K
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
IG25045477
Home ConditionPoor
Features
View-
About this home
Welcome home to the fast growing city of Beaumont! 2 homes on 1 lot! Amazing potential for a primary residence or an investment property for cash flow. Each home already has separate water and gas meters. The larger home is a 3 bedroom with 2 bathrooms with approximately 1320 sf. and the smaller home is a 1 bedroom with 1 bathroom with approximately 640 sf. There is so much potential with this property because it's also zoned commercial with freeway visibility!
Condition Rating
Poor
Built in 1940, this property shows significant age and a lack of modern updates. The kitchens and bathrooms are very dated with older cabinets, basic fixtures, and laminate countertops, suggesting renovations that are likely 30-50+ years old. While some laminate flooring appears newer, the overall condition, including visible window AC units (implying no central AC), worn carpets, and general aesthetic, indicates a need for substantial repairs and rehabilitation to meet contemporary living standards or capitalize on its commercial zoning potential.
Pros & Cons
Pros
Dual Dwelling & Income Potential: The property features two separate homes on one lot, offering significant rental income opportunities or flexible multi-generational living arrangements.
Commercial Zoning & Freeway Visibility: Its commercial zoning combined with freeway visibility presents exceptional potential for business operations, future development, or a lucrative mixed-use investment.
Separate Utility Meters: Each home is equipped with separate water and gas meters, simplifying tenant management and billing, which is a key advantage for an investment property.
Location in Growing City: Situated in the 'fast growing city of Beaumont,' the property benefits from potential appreciation and increasing demand in a developing market.
Versatile Use: The property offers high versatility, suitable for a primary residence with supplemental rental income or as a dedicated investment property, appealing to a wide range of buyers.
Cons
Age of Property: Built in 1940, the property is older, which may necessitate significant updates, repairs, or maintenance to meet modern living standards or commercial requirements.
History of Price Reductions: Multiple substantial price drops from the original listing price could indicate initial overpricing or suggest underlying issues that have deterred previous buyers.
Potential Renovation Costs: While offering 'potential,' the age and current condition imply that considerable investment may be required for renovations or upgrades to fully capitalize on its commercial zoning or enhance residential appeal.