770 Allegheny Avenue, Beaumont, California 92223, Beaumont, 92223 - 3 bed, 3 bath
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Beaumont, California 92223
This Multi-Unit Income Property is a strategic Income-Generating Asset. A strong $4,130 monthly rental income across three units supports the $550,000 List Price, despite a lower $432,242 Fair Market Value. Holding a Poor Condition Rating, the 1942 structure offers significant Value-Add potential through the modernization of systems and interiors. Located in the Beaumont high school district with a private patio, immediate I-10 access, and a seller closing cost credit, this is a high-yield acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Property is extensive renovation needed.
The property was built in 1942, making it over 80 years old. Crucially, there are no interior photos provided in the listing, preventing any assessment of the kitchen, bathrooms, flooring, appliances, or other interior features. The listing description itself notes the 'Advanced Age of Structure' as a weakness, indicating a potential need for 'significant updates to systems (plumbing, electrical, HVAC) and higher ongoing maintenance costs.' Exterior images show window AC units, suggesting outdated cooling systems. While described as 'well-kept,' this is subjective and does not negate the high probability that major systems and interior finishes are significantly outdated and require substantial repairs or full rehabilitation to meet modern standards. Without any evidence of recent major renovations, the property falls into the 'poor' category, requiring substantial repairs and rehabilitation.
The property is currently tenant-occupied across three units with utilities paid by tenants, offering immediate rental income and reduced landlord expenses, ideal for investors.
Features three distinct units (1 bed/1 bath, studio, 2 bed/1 bath), providing diversified income streams or flexibility for an owner-occupant.
Conveniently located near multiple parks, dining, and retail options, with excellent access to I-10, enhancing tenant desirability and commute efficiency.
The absence of interior photos in the listing, requiring them 'upon request,' can deter potential buyers and raise questions about the property's internal condition.
Built in 1942, the property is over 80 years old, potentially indicating a need for significant updates to systems (plumbing, electrical, HVAC) and higher ongoing maintenance costs.
With 1081 sqft divided into three units, individual living spaces are likely very small, which could limit tenant pool, rental income potential, or appeal to those seeking more spacious accommodations.
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 | 2,022 | 5% |
| Lot Size | 5,663 | 6,970 | 28% |
| Price | $550.0K | $530.0K | 60% |
| Price per sq ft | $509 | $260 | 99% |
| Built year | 1942 | 2006 | 3% |
| HOA | $0 | $155 | 32% |
| Days on market | 134 | 183 | 33% |
Mar 20, 2026
$550,000
$599,000
-8% Price Drop
Initial Listing
Dec 9, 2025
$599,000
Initial Listing
Aug 30, 2019
$210,000
Public Record
Jun 15, 2001
$70,500
Public Record
Jul 7, 1998
$70,000
Public Record