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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Apartment buildings
1498 6th St Beaumont, CA 92223-5741
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0792596
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Construction
TILT-UP CONCRETE
Total area
2,989 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C1
APN
419-202-012
UPID
US09-0792596
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$945k
Owner & transaction history
Umang Bhavsar · 1 yrs held
Umang Bhavsar
since 2024
Last sale
$945,000
7 recorded transactions
Zoning & alternative use
C1 · Beaumont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Beaumont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beaumont submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$945,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,430,000
Current use
RETAIL STORES
$1,430,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,290,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $945k (Aug 6 2024)
Last sale anchor
$945k
Aug 6 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$316 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,013
Tax year 2024
Assessed value
$304,123
Assessed 2024
Previous assessed
$304,123
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$60,816
Assessed improvement
$243,307
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Units
2
Total area
2,989 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C1
APN
419-202-012
UPID
US09-0792596
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1 · Beaumont, CA
Zoning C1 · permitted uses
C1 · Beaumont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beaumont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Units
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Umang Bhavsar
Individual
Mailing address
26607 MILLHOUSE DR, SANTA CLARITA, CA 91350-5733
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
—
Umang Bhavsar
—
Deed
related
$882,000 · Credit Union Of Southern California
Aug 6, 2024
$945,000
Umang Bhavsar
Nbc Properties LLC
Grant Deed
$472,500 · Nbc Properties LLC
Feb 16, 2022
—
Nbc Properties LLC
Nathaniel O Stevens
Quit Claim Deed
related
—
Nov 14, 2001
$140,000
Nathaniel O Stevens
Willmann Trust
Grant Deed
$135,000 · Willmann Trust
Oct 31, 2001
$184,507
Willmann Trust
Agard,george R & Miran
Trustees Deed
—
May 16, 1995
$170,000
George R Agard
Willmann Trust
Grant Deed
$160,000 · Willman Trust
Feb 7, 1995
—
Willman Trust
Wunch,mark A
Grant Deed
related
—
Jan 19, 1995
—
Willman Trust
Wunch,mark A
Grant Deed
related
—
Mar 6, 1991
$80,000
Wunch,mark A
Sanwa Bank
Trustees Deed
—
—
—
Mark A Wunch
—
Deed Of Trust
related
$60,000 · Seller
—
—
Mark A Wunch
—
Deed Of Trust
related
$65,000 · Individual
—
—
Mark A Wunch
—
Deed Of Trust
related
$8,000 · Individual
—
—
Mark A Wunch
—
Deed Of Trust
related
$145,000 · Individual
—
—
Nathaniel O Stevens
—
Deed Of Trust
related
$308,750 · East West Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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