893 E 5th, Beaumont, California 92223, Beaumont, 92223 - 1 bed, 1 bath
Loading property details...
Beaumont, California 92223
This property presents a High-Potential Investment Opportunity with a List Price of $308,000—positioned slightly above the $302,623 Fair Market Value. While the property requires significant interior renovation, the SSMU Zoning and expansive 8,276 sq. ft. lot provide rare multi-unit development potential. Key structural updates, including a new permitted roof and Section 1 Termite Clearance, mitigate initial capital risk. This Poor Condition Rating asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to leverage the detached warehouse for ADU expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 893 E 5th Subject | $308,000* List Price | 1 | 1 | 660 | $459 | - |
A 530 Edgar Active | $389,900 List Price | 3 | 2 | 900 | $433 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956, this 70-year-old property is marketed as an investor fixer. While it features a new roof and termite clearance, the interior requires significant rehab, including repairs to the bonus room ceiling and updates to dated kitchen/bath fixtures. The presence of exposed electrical conduit and its 'as-is' investor-focused description align with the poor condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 660.
The Sixth Street Mixed-Use (SSMU) zoning and expansive 8,276 sq. ft. lot provide a rare opportunity for multi-unit expansion or high-density residential development.
The main residence features a brand-new permitted roof and a completed Section 1 Termite Clearance, significantly reducing the immediate capital expenditure for a buyer.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
The property is a cosmetic fixer sold strictly as-is, requiring a buyer with the capital and expertise to address interior renovations and patio enclosure repairs.
At only 660 square feet and functioning as a one-bedroom unit, the primary residence has a very small footprint that may limit its appeal to traditional owner-occupants.
INVESTOR & CREATIVE BUYER OPPORTUNITY • SSMU ZONED WITH MULTI-UNIT POTENTIAL • 1980 DETACHED WAREHOUSE/GARAGE Relaunched, fully cleared, and priced to move! This unique property is the ultimate blank canvas, perfect for an investor, contractor, or buyer with the vision and creativity to transform the interior to fit their exact needs. Realistically functioning as a 1-bedroom, 1-bathroom cottage (public records show 2-bed), the home is a cosmetic fixer ready for fresh surfaces and your personal design touches. ROOF & LAYOUT DETAILS: The main residential structure features a living room, kitchen, bedroom, bath, and a brand-new roof fully completed and signed off with city permits. Attached is a unique patio-enclosure/bonus room with an aluminum-style roof needing some ceiling repairs. Seller has already completed and secured a full Section 1 Termite Clearance for the main home! THE REAL VALUE: Beyond the cottage sits an expansive, fully cleared 8,276 sq. ft. lot featuring a massive, detached rear warehouse/garage. This secondary building is fully recognized, detailed, and actively taxed on the Riverside County Assessor rolls (Effective build year 1980, Quality 5.0)—offering a secure, ready-to-use setup for tools, inventory, or an incredible ADU/multi-unit expansion template under the flexible Sixth Street Mixed-Use (SSMU) zoning guidelines (buyer to verify development standards). Bring your crew, your tools, and your imagination! Now accepting Cash, Conventional, and Hard Money offers. Sold strictly AS-IS. No wholesalers. No Seller-Carry. Listing Broker represents Seller exclusively.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 660 | 2,056 |
| Lot Size | 8,276 | 6,589 |
| Price | $308.0K | $532.8K |
| Price per sq ft | $467 | $262 |
| Built year | 1956 | 2010 |
| HOA | $0 | $194 |
| Days on market | 13 | 68 |
Jul 9, 2026
$308,000
Initial Listing
May 15, 2017
$170,000
Public Record
Jul 16, 2009
$62,500
Public Record