770 Allegheny Avenue, Beaumont, California 92223, Beaumont, 92223 - 0 bed, 0 bath
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Beaumont, California 92223
This Income-Producing Triplex is a Strong Value Opportunity listed at $550,000, aligning with its $550,000 Fair Market Value. The asset delivers a robust $4,130 monthly rental income supported by a tenant-paid utility structure that significantly reduces landlord overhead. While the Condition Rating of 4 reflects its 1942 construction and aged systems, the strategic location near the I-10 corridor and local parks drives consistent rental demand. This stabilized multi-family property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow.
Property is moderate renovation needed.
Built in 1942, this triplex is an aged but functional income-producing property. Exterior images show older stucco, dated windows, and the use of window AC units rather than central HVAC, indicating older systems. The lack of interior photos in the listing and the 'charming 1940s' description suggest the kitchens and bathrooms are likely dated and have not undergone a full modern renovation, fitting the criteria for a well-maintained but aged property.
Tenants are responsible for all utility costs including electric, gas, sewer, water, and trash, which significantly minimizes landlord overhead and maximizes net operating income.
The property generates a consistent total rental income of $4,080 per month with all units currently occupied, offering an investor immediate returns upon acquisition.
Located exceptionally close to the I-10 freeway and multiple community parks, the property is well-positioned to attract and retain tenants who value easy transit and local amenities.
Dating back to 1942, the property's age may necessitate higher reserves for maintenance and potential upgrades to major systems to meet modern standards.
With a composition featuring a studio and a one-bedroom unit, the property may experience higher turnover rates and a more restricted tenant demographic compared to larger multi-family assets.
Charming 1940s triplex with unit make up of 1 (2 bed, 1 bath), 1 (1 bed, 1 bath) and one studio. Total rental income for the property is at $4,130 per month with Unit C on a month to month lease while Units A & B are on active leases. Utilities (electric, gas, sewer, water, trash) paid for by tenants. Located within a terrifically quiet and friendly Beaumont community. Conveniently 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. Ideal location offering multiple dining and retail options to choose from. All units have a shared laundry room. All information in the Analysis portion is from 2024 Owner Statement. Owner statements from property management company are included in the supplements for your review from all of 2024 and from May of 2025. Interior photos of the units are available upon request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,081 | 2,500 | 29% |
| Lot Size | 5,663 | 10,019 | 14% |
| Price | $550.0K | $686.0K | 29% |
| Price per sq ft | $264 | $264 | 50% |
| Built year | 1942 | 1959 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 352 | 135 | 0% |
Mar 20, 2026
$550,000
$599,000
-8% Price Drop
Initial Listing
Aug 22, 2025
$599,000
Initial Listing
Jun 20, 2025
$625,000
Initial Listing