685 Massachusetts, Beaumont, California 92223, Beaumont, 92223 - bed, bath
ACTIVE UNDER CONTRACT$675,000$2,500/sqft
685 Massachusetts, Beaumont, California 92223
0Bed
0Bath
2,500Sqft
10,019Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: This property is explicitly marketed as a 'Rare residential income opportunity' and 'Ideal for investors seeking multiple detached residences with income potential,' offering a clear path to revenue generation.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 1944.
Compared to the nearby listings
Price:$675.0K vs avg $605.0K (+$70,000)57%
Size:2,500 sqft vs avg 2,342 sqft57%
Price/sqft:$270 vs avg $27643%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, this property shows significant age and a lack of substantial modern renovations. The kitchens in at least two of the units are very dated with old cabinets, laminate countertops, and missing or old appliances. The cooling systems are highly inefficient (wall-mounted units, window ACs, and ceiling fans), which would make the homes uncomfortable. While some cosmetic updates like paint and some laminate flooring are present, the overall condition of major components and systems requires substantial rehabilitation to meet current standards and provide comfortable living.
Year Built
1959
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$270
HOA
-
Days on market
-
Sold On
-
MLS number
PW25279720
Home ConditionPoor
Features
Good View:
View-
About this home
Rare residential income opportunity in Beaumont. Offering consists of three separate single-family homes, sold together as a package. Ideal for investors seeking multiple detached residences with income potential. The property includes: • Largest Home: Approx. 1,000 sq ft, 3 bedrooms / 1.5 bathrooms, 1 parking space, wall heater with wall-mounted cooling units. • Second Home: Approx. 900 sq ft, 2 bedrooms / 1 bathroom, 1 parking space, ceiling fans for cooling. • Third Home: Approx. 600 sq ft, 1 bedroom / 1 bathroom, built in 1959, 1 parking space, ceiling fans for cooling. Each single-family residence features its own layout and dedicated parking, offering flexibility for rental or future enhancement. Conveniently located near shopping, schools, and commuter access.
D
Dillon Kolsky
Listing Agent
Condition Rating
Poor
Built in 1959, this property shows significant age and a lack of substantial modern renovations. The kitchens in at least two of the units are very dated with old cabinets, laminate countertops, and missing or old appliances. The cooling systems are highly inefficient (wall-mounted units, window ACs, and ceiling fans), which would make the homes uncomfortable. While some cosmetic updates like paint and some laminate flooring are present, the overall condition of major components and systems requires substantial rehabilitation to meet current standards and provide comfortable living.
Pros & Cons
Pros
Strong Income Potential: This property is explicitly marketed as a 'Rare residential income opportunity' and 'Ideal for investors seeking multiple detached residences with income potential,' offering a clear path to revenue generation.
Multiple Detached Units: Comprising three separate single-family homes, the property provides diversified income streams, enhanced tenant privacy, and reduced vacancy risk compared to a single-unit rental.
Dedicated Parking: Each of the three residences benefits from its own dedicated parking space, a valuable amenity that enhances tenant convenience and appeal.
Value-Add Potential: The description notes 'flexibility for rental or future enhancement,' indicating opportunities for investors to renovate or upgrade units to increase rental income and overall property value.
Convenient Location: Strategically located near shopping, schools, and commuter access, the property offers desirable convenience for tenants, contributing to its rental marketability.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 1944.
Outdated Cooling Systems: Two of the three units rely solely on ceiling fans for cooling, and the largest unit has only wall-mounted cooling, indicating a lack of modern central air conditioning which could be a significant drawback in Beaumont's climate.
Age of Construction: With at least one unit built in 1959, the property's age suggests potential for older infrastructure, systems, and finishes that may require ongoing maintenance or significant capital expenditures for updates.
Varying Unit Conditions and Amenities: The differing cooling methods and varying square footage across the units (1000, 900, 600 sq ft) could lead to inconsistent tenant experiences, rental rates, and potentially higher management complexity.