Listing Agency: Marcus & Millichap - Inland Empire

Listed By: David Covarrubias · License #CA 01941403 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 11:25PM

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Investment Insights

Based on property information with market context.

This apartment property includes 49 residential units and is offered as a multifamily asset. The property is located at 847 Cherry Ave in Beaumont, California.

Key Highlights

• 49 residential units
• Located at 847 Cherry Ave, Beaumont, CA 92223

Property Analytics

Property Profile

Current Use

Sabas Huerta landscaping Landscaping

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Florist Veterinary Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

49

Residential units

Location Intelligence

Trade Area within ½ mile

409

Businesses Nearby

Explore this area Business Placement

Demographics for 92223, CA

59,924

Population

20,579

Households

2.9

Avg Household Size

38

Median Age

27%

College-Educated

88%

High-School Grad

45.0 sq mi

ZIP Area

1,332

Density / Sq Mi

$100,462

Median Household Income

$50,162

Median Earnings

$1,496

Median Rent

$458,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property comprising a substantial residential unit count.

Where is this apartment building located?

The property is located at 847 Cherry Ave Beaumont, CA.

What are key features of this property?

This property features: 49 residential units; Located at 847 Cherry Ave, Beaumont, CA 92223