770 Allegheny Ave, Beaumont, California 92223, Beaumont, 92223 - 3 bed, 3 bath
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Beaumont, California 92223
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $561,282 Fair Market Value by 2%. This valuation gap offers $11,282 in Instant Equity. Featuring a 3-unit configuration with a Fair Condition Rating, the asset generates a robust $4,130 monthly rental income. While the 1942 infrastructure requires modernization, the strategic location near the I-10 freeway ensures strong tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 770 Allegheny Ave Subject | $550,000* List Price | 3 | 3 | 1,081 | $519 | - |
A 770 Allegheny Avenue Active | $550,000 List Price | 3 | 3 | 1,081 | $509 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 (84 years old) with no documented major renovations to kitchens, baths, or systems. Exterior photos show dated window AC units rather than central HVAC, weathered fencing, and aged stucco. While currently tenant-occupied, the property's age and lack of modernization suggest it requires significant rehab to meet current safety and functional standards.
The property generates a robust monthly rental income of $4,130 from three separate units, offering an immediate and strong cash flow opportunity for investors.
Ideally situated near the I-10 freeway and multiple parks, the property provides excellent accessibility for commuters and high desirability for local renters.
With tenants responsible for all utility payments, the owner benefits from reduced overhead and simplified property management.
Built in 1942, the property's age may necessitate more frequent maintenance or significant capital expenditures for structural and mechanical updates.
Configuring three separate units within only 1,081 total square feet results in very compact living spaces, which could limit long-term tenant retention or future resale value.
Charming single-family residence with tenants in place, offering a strong opportunity for an investor or future owner-occupant. Property features a 3 units, a 1 bedroom/1 bath, an attached studio, and a 2 bedroom/1 bath in the rear unit. Tenants are currently paying $4,130/month in rent. This well-kept home features 3 beds and 3 baths with a comfortable layout and inviting living spaces. Utilities are paid for by the tenant. Conveniently located nearby several parks and recreation areas to explore such as Sunshine Park, Mountain View Park, Wildflower Park, DeForge Community Park, and Star Carlton Park. Outstandingly close to I-10 for a stress-free and efficient commute. This home is in an ideal location, offering multiple dining and retail options to choose from. All information in the Analysis portion is from the 2024 Owner Statement. Owner statements from the property management company are included in the supplements for your review from all of 2024 and from May of 2025. Interior photos of the home are available upon request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,081 | 2,025 | 4% |
| Lot Size | 5,663 | 6,970 | 25% |
| Price | $550.0K | $535.0K | 56% |
| Price per sq ft | $509 | $262 | 99% |
| Built year | 1942 | 2007 | 3% |
| HOA | $0 | $155 | 32% |
| Days on market | 9 | 164 | 2% |
May 28, 2026
$550,000
Initial Listing
Aug 30, 2019
$210,000
Public Record
Jun 15, 2001
$70,500
Public Record
Jul 7, 1998
$70,000
Public Record