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951 E 7th Street, Beaumont, California 92223, Beaumont, 92223 - 6 bed, 3 bath

951 E 7th Street, Beaumont, California 92223 home-pic-0
ACTIVE$625,000
951 E 7th Street, Beaumont, California 92223
6Beds
3Baths
1,790Sqft
10,019Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: The property features two distinct, tenant-occupied homes with separate addresses and utilities, making it ideal for investors seeking rental income or multi-generational living arrangements.
Top Cons:
Property Age & Potential for Deferred Maintenance: Built in 1958, the homes are over six decades old, suggesting a higher likelihood of needing updates to systems (plumbing, electrical, HVAC), infrastructure, or aesthetics.

Compared to the nearby listings

Price:$625.0K vs avg $605.0K (+$20,000)57%
Size:1,790 sqft vs avg 2,196 sqft29%
Price/sqft:$349 vs avg $27671%

More Insights

Built in 1958 (67 years old).
Condition: Built in 1958, this property shows its age with dated interiors, including worn carpets, older ceiling fans, and blinds. While the kitchen features newer stainless steel appliances (gas range and microwave), the white tile countertops with dark grout, older white cabinets, and floor tiles are significantly outdated, suggesting a renovation 15-30 years ago rather than a recent one. No bathroom images were provided, but based on the rest of the home, they are likely also dated. The property appears maintained and livable, but requires substantial cosmetic updates to meet current standards and appeal, aligning with the 'Fair' condition criteria of being aged but maintained with functional but outdated major components.
Year Built
1958
Close
-
List price
$625K
Original List price
$689K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
IG25079262
Home ConditionFair
Features
View-

About this home

PRICE REDUCTION: TWO SEPARATE HOUSES ON ONE LOT! This is not a Duplex! Multiple possible uses; perfect for multifamily housing, live in one, rent the other, or use as an investment opportunity. One home is a 4 bedroom/2 bath 1790 sq feet (Garage is converted to one of the bedrooms) the second home is 2 bedrooms/ 1 baths and is approx. 856 sq feet, and on a corner lot. It has a one car garage with a carport. The lot is 10,018 sq ft. Each home has it's own physical address. The smaller home is at 685 Michigan and the larger home is at 951 E. 7th St Beaumont. Both units have separate electric and gas meters. Both have indoor laundry rooms. Both homes have separate fenced back yards. The property square footage has not been verified; buyers are responsible for conducting their own due diligence regarding permits, living space, and zoning. Both units have tenants currently renting. All offers must include proof of funds (POF), a pre-approval letter, and a Desktop Underwriter (DU) approval from a direct lender. The seller reserves the right to have the buyer cross-qualified with another lender.

Condition Rating
Fair
Built in 1958, this property shows its age with dated interiors, including worn carpets, older ceiling fans, and blinds. While the kitchen features newer stainless steel appliances (gas range and microwave), the white tile countertops with dark grout, older white cabinets, and floor tiles are significantly outdated, suggesting a renovation 15-30 years ago rather than a recent one. No bathroom images were provided, but based on the rest of the home, they are likely also dated. The property appears maintained and livable, but requires substantial cosmetic updates to meet current standards and appeal, aligning with the 'Fair' condition criteria of being aged but maintained with functional but outdated major components.
Pros & Cons

Pros

Exceptional Income Potential: The property features two distinct, tenant-occupied homes with separate addresses and utilities, making it ideal for investors seeking rental income or multi-generational living arrangements.
Significant Price Reduction: A recent price drop from $689,000 to $625,000 presents a compelling value proposition and potential for a more attractive entry point for buyers.
Generous Lot Size: A substantial 10,018 sq ft lot offers ample outdoor space, privacy, and potential for future landscaping or property enhancements.
Independent Living Arrangements: Each residence boasts separate electric and gas meters, indoor laundry facilities, and private fenced backyards, ensuring autonomy and convenience for occupants.
Corner Lot Advantage: The smaller unit benefits from a corner lot position, which can offer increased privacy, natural light, and enhanced curb appeal.

Cons

Property Age & Potential for Deferred Maintenance: Built in 1958, the homes are over six decades old, suggesting a higher likelihood of needing updates to systems (plumbing, electrical, HVAC), infrastructure, or aesthetics.
Unverified Square Footage & Permitting Concerns: The listing explicitly states that square footage is unverified and buyers must conduct their own due diligence regarding permits and zoning, indicating potential issues with unpermitted additions or inaccurate living space measurements.
Garage Conversion Impact: The conversion of a garage into a bedroom in the larger unit may raise questions about its legality, quality of construction, and the loss of dedicated covered parking or storage space.

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