963 Beaumont, Beaumont, California 92223, Beaumont, 92223 - 0 bed, 0 bath
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Beaumont, California 92223
This Mixed-Use Triplex Asset represents a Prime Investment Opportunity, listed at $625,000—positioned well below the $697,873 Fair Market Value by 10%. This valuation gap provides $72,873 in Instant Equity. The property maintains a Condition Rating of 3, featuring a renovated duplex and a productive commercial building on an expansive 9,583 square foot lot with significant ADU expansion potential. With month-to-month tenants and immediate owner-user flexibility, this asset balances cash flow with development upside. It is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 963 Beaumont Subject | $625,000* List Price | 0 | 0 | 2,210 | $316 | - |
A 685 Massachusetts Sold | $670,000 | 0 | 0 | 2,500 | $268 | 0.6 mi |
B 696 Illinois Avenue Sold | $515,000 | 0 | 0 | 1,432 | $360 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1953, the property has been extensively renovated and is move-in ready. The residential units feature updated kitchens with white cabinetry, modern tile and laminate flooring, and updated appliances. The commercial barbershop space is also fully modernized with contemporary finishes. While some infrastructure like wall heaters remains, the overall maintenance and recent cosmetic updates meet the criteria for a good condition score.
The expansive 9,583 square foot lot provides significant opportunity for expansion, specifically for adding Accessory Dwelling Units (ADUs) to maximize the property's total rental yield.
This unique triplex setup includes a recently renovated duplex and a productive commercial building, offering a versatile mix of residential and business income opportunities.
With month-to-month tenants in place and owners ready to vacate the commercial space, the property offers immediate flexibility for rent adjustments or owner-user occupancy.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2210, other record living area = 1213.
Originally constructed in 1953, the property may require ongoing maintenance or updates to its core systems despite recent cosmetic renovations to the units.
Operating a mixed-use property with both residential and commercial components requires specialized management and adherence to different sets of regulatory and zoning requirements.
Great Investment. Already receiving many calls. It's a Super Clean Duplex Redone not to long ago with month to month tenants and a huge Lot Over 9,500 Square Feet. Perfect for ADU's.. Plus a Commercial Building being used by the Owners . The owners have no problem moving out. However, if your interested in the Barbershop business which is very productive we can also negotiate it.
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 | 2,210 | 2,421 | 38% |
| Lot Size | 9,583 | 10,019 | 38% |
| Price | $625.0K | $647.5K | 50% |
| Price per sq ft | $283 | $264 | 63% |
| Built year | 1953 | 1959 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 89 | 13% |
Apr 9, 2026
$625,000
Initial Listing
May 27, 2016
$300,000
Public Record
Jan 2, 2002
$120,000
Public Record
Apr 28, 2000
$70,000
Public Record