11411 Cherry AveBeaumont, CA 92223

Property Details for 11411 Cherry Ave

Year built

1961

Construction

WOOD

Lot size

1.86 AC

Property size (Sq ft)

1,800 SF

Zone code

R1

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

404-131-025

APU

404131025

Description

This exceptional investment opportunity presents a portfolio of seven single-family rental units located at 11411 Cherry Ave, Cherry Valley, CA 92223. The property, situated on a 1.86-acre lot (APN 404-131-025), consists of four single-story buildings totaling 81,022 square feet, with 5,178 square feet of net rentable space. Built in 1961 and extensively renovated in 2023, the property boasts 100% occupancy, generating a substantial net operating income (NOI) of $210,600, representing a 7.29% cap rate. Each unit is thoughtfully designed with features including in-unit laundry hookups and central air conditioning and heating. Six of the seven units include a private one-car garage. The property is zoned R2 and offers significant potential for rental income growth. The asking price is $2,888,000, translating to $412,571.43 per unit and $35.64 per square foot. Seller financing is available. This turnkey investment is ideal for those seeking a strong return on investment in a desirable location. The current monthly rental income is $17,750, with potential for further increases. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $613,444

  6.5%

  $566,256

  7%

  $525,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $489,429

  Geo Method

  $981,996

• Alternative Use

  Use

  Valuation

  Residential

  $566,256

  Hospitality

  $518,687

  Educational

  $431,542

  Medical

  $446,383

  Retail

  $671,287

Location Insight

City

Cherry Valley

County

Riverside

State

California

Latitude

33.9555

Longitude

-116.965

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].