Skip To Content

516 N California Avenue

Beaumont, CA 92223
  • $1,950,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: EV21237570
UPDATED: 16 min ago
$1,950,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1987
County:

School Ratings & Info

Listing Agent: Benjamin Hartnell of Yucaipa Valley Real Estate


Description

Opportunity is knocking...a commercial, 8,164 sq. ft. building with freeway visibility. There are 19 office spaces, a warehouse space with 11 foot high ceiling and a roll up door. Operated as a per office lease model with co-working expansion option available. "Virtual Tenants" are already in place (there is mail collection and 2 hours of meeting room per month). Scalable business model where you can increase your 'virtual' office tenants exponentially. There are newer HVAC units installed. The owner would manage the alarm, HVAC, lights, and doors with an app. All tenants have building access via the app. Four common area bathrooms, one with a shower. Possible freeway sign opportunity.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T07:26:33.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/122936408
Print Image

516 N California Avenue Beaumont, CA 92223

  • Price: $1,950,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 16 min ago
  • ID#: EV21237570
0
Beds
0
Baths
0
½ Baths
0.28
Acres
1987
Built
Neighborhood:
263 - Banning/Beaumont/Cherry Valley
County:
Riverside
Area:
263 - Banning/Beaumont/Cherry Valley
Property Description
Opportunity is knocking...a commercial, 8,164 sq. ft. building with freeway visibility. There are 19 office spaces, a warehouse space with 11 foot high ceiling and a roll up door. Operated as a per office lease model with co-working expansion option available. "Virtual Tenants" are already in place (there is mail collection and 2 hours of meeting room per month). Scalable business model where you can increase your 'virtual' office tenants exponentially. There are newer HVAC units installed. The owner would manage the alarm, HVAC, lights, and doors with an app. All tenants have building access via the app. Four common area bathrooms, one with a shower. Possible freeway sign opportunity.
Exterior Features

Lot Features Corner Lot Sign On Property YN No

Interior Features

Building Features Elevator(S) Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Electric Expense 12000 Gross Scheduled Income 144742 Insurance Expense 5250 Land Lease YN No Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanOwner May Carry Maintenance Expense 5250 Net Operating Income 73527 Operating Expense 71215 Other Expense 4510 Property Sub Type Office Special Listing Conditions Standard Tax Annual Amount 25740 Trash Expense 4500 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 3000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T07:26:33.377. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367503882-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367503882-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367503882-1.jpg
Logo
RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing Agent: Benjamin Hartnell of Yucaipa Valley Real Estate