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703 Allegheny , 1-40

Beaumont, CA 92223
  • $11,995,000
  • STATUS: Active
  • ON SITE: 68 Days
  • ID#: OC26002910
$11,995,000
  • 0
    BEDS
  • 2.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2009
County:

School Ratings & Info

Listing Agent(s): Jonathan Mitchell of Kidder Mathews of California, Inc (949-557-5000)


Description

***$855,000 Price Reduction***Constructed in 2008, The Tuscany Villas is a 40-unit apartmentcommunity that is managed on-site and offers investors desirableamenities as it was built as a condominium complex with eachunit situated on its own tax assessor parcel. The propertyfeatures 100% two and three bedroom townhouse units withconnecting two and three car gargaes, an uncommon featurein similar sized, garden-style communities. The townhousesfurther distinguish themselves with vaulted ceilings enhancingnatural light and offering a more spacious, modern livingexperience. Bordered by Mount San Gorgonio and MountSan Jacinto, Beaumont is one of the fastest-growing cities inRiverside County. This combination of location, design, andamenities ensures strong renter demand and positions theproperty for substantial rent and income growth as units arebrought 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 atunder $187 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

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T00:26:03.207. 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 eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/171768537
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703 Allegheny , 1-40 Beaumont, CA 92223

  • Price: $11,995,000
  • Status: Active
  • On Site: 68 Days
  • ID#: OC26002910
0
Beds
0
Baths
0
½ Baths
2.45
Acres
2009
Built
Neighborhood:
Solera (Slra)
County:
Riverside
Area:
263 - Banning/Beaumont/Cherry Valley
Property Description
***$855,000 Price Reduction***Constructed in 2008, The Tuscany Villas is a 40-unit apartmentcommunity that is managed on-site and offers investors desirableamenities as it was built as a condominium complex with eachunit situated on its own tax assessor parcel. The propertyfeatures 100% two and three bedroom townhouse units withconnecting two and three car gargaes, an uncommon featurein similar sized, garden-style communities. The townhousesfurther distinguish themselves with vaulted ceilings enhancingnatural light and offering a more spacious, modern livingexperience. Bordered by Mount San Gorgonio and MountSan Jacinto, Beaumont is one of the fastest-growing cities inRiverside County. This combination of location, design, andamenities ensures strong renter demand and positions theproperty for substantial rent and income growth as units arebrought 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 atunder $187 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
Exterior Features

Construction Materials Copper Plumbing Entry Level 1 Entry Location Street Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 40 Open Parking Spaces 10 Parking Features AssignedAsphaltDirect AccessDrivewayGarage Parking Total 106 Pool Features CommunityFenced Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features CommunityIn Ground Spa YN Yes

Interior Features

Appliances DishwasherElectric OvenElectric RangeDisposalGas RangeHigh Efficiency Water HeaterRefrigeratorVented Exhaust FanWater HeaterDryerWasher Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features DenDining RoomFamily RoomGasKitchenLiving RoomPrimary BedroomOutside Fireplace YN Yes Flooring Laminate Heating Central Heating YN Yes Interior Features BalconyCeiling Fan(s)Ceramic CountersGranite CountersHigh CeilingsQuartz CountersStone CountersWired for DataWalk-In PantryWalk-In Closet(s) Window Features BlindsDouble Pane Windows

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 5.7 Common Interest Condominium Community Features BikingCurbsFoothillsGolfHikingNear National ForestParkPool Electric Expense 7242 Garage YN Yes Gross Income 1070575 Gross Scheduled Income 1061820 Insurance Expense 43792 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupGas Dryer HookupInsideStacked Levels TwoThree Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 47794 Net Operating Income 681525 New Construction YN No New Taxes Expense 133989 Number Of Separate Gas Meters 40 Number Of Separate Water Meters 40 Number Of Units Leased 40 Operating Expense 389050 Other Expense 65632 Pool Expense 2400 Property Sub Type Apartment Rent Control YN No Security Features Fire Sprinkler SystemResident ManagerSmoke Detector(s)Security Guard Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 88340 Trash Expense 1927 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater Connected Vacancy Allowance 31855 Vacancy Allowance Rate 3 Water Sewer Expense 1926 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T00:26:03.207. 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 eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Jonathan Mitchell of Kidder Mathews of California, Inc (949-557-5000)