REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 12,850,000
Est. payment | /mo
8 Beds
9 Baths
2.45 Acres Lot
$ 12,850,000
Est. payment | /mo
8 Beds
9 Baths
2.45 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26002910
Bedrooms 8
Lot Size 2.450 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Constructed in 2008, The Tuscany Villas is a 40-unit apartment community that is managed on-site and offers investors desirable amenities as it was built as a condominium complex with each unit situated on its own tax assessor parcel. The property features 100% two and three bedroom townhouse units with connecting two and three car gargaes, an uncommon feature in similar sized, garden-style communities. The townhouses further distinguish themselves with vaulted ceilings enhancing natural light and offering a more spacious, modern living experience. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are brought to market levels. 100% 3 & 2 bedroom townhouse units Connecting 3 & 2 car garages Built in 2008 as condominiums (individual parcels) Well managed with on-site management & excellent tenant profile Sparkling pool, spa, playground & BBQ area Priced below replacement cost at under $200 per foot Spacious units offering 3 different floor plans Average of 1,606 square foot units Central AC/heat & individual hot water heaters Large 2.45 Acre parcel 1 mile with easy access to the I-10 freeway
Location
State CA
County Riverside
Zoning Public Rec
Direction One Mile North Of 10 FWY & Highland Springs Road
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 419161001
Acceptable Financing Cash
Listing Terms Cash
Listed by Jonathan Mitchell Kidder Mathews of California, Inc