Properties

Beaumont, CA 92223 703 Allegheny 1-40

703 Allegheny 1-40 Beaumont, CA - Image 1703 Allegheny 1-40 Beaumont, CA - Image 2703 Allegheny 1-40 Beaumont, CA - Image 3
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703 Allegheny 1-40 Beaumont, CA - Image 4703 Allegheny 1-40 Beaumont, CA - Image 5703 Allegheny 1-40 Beaumont, CA - Image 6703 Allegheny 1-40 Beaumont, CA - Image 7703 Allegheny 1-40 Beaumont, CA - Image 8703 Allegheny 1-40 Beaumont, CA - Image 9
Presented By: Jonathan Mitchell with Kidder Mathews of California, Inc; 949-557-5000
  • MLS# OC26002910
  • 01/02/2026
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  • Full/Half Baths • 2 / 1
  • SQFT • 64,254
  • Garage • 96

Home Details

***$855,000 Price Reduction***Constructed in 2008, The Tuscany Villas is a 40-unit apartment community that is managed on-site and offers investors desirable amenities as it was built as a condominium complex with each unit situated on its own tax assessor parcel. The property features 100% two and three bedroom townhouse units with connecting two and three car gargaes, an uncommon feature in similar sized, garden-style communities. The townhouses further distinguish themselves with vaulted ceilings enhancing natural light and offering a more spacious, modern living experience. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are brought to market levels. 100% 3 & 2 bedroom townhouse units โ€ข Connecting 3 & 2 car garages โ€ข Built in 2008 as condominiums (individual parcels) โ€ข Well managed with on-site management & excellent tenant profile โ€ข Sparkling pool, spa, playground & BBQ area โ€ข Priced below replacement cost at under $187 per foot โ€ข Spacious units offering 3 different floor plans โ€ข Average of ยฑ1,606 square foot units โ€ข Central AC/heat & individual hot water heaters โ€ข Large ยฑ2.45 Acre parcel โ€ข ยฑ1 mile with easy access to the I-10 freeway
Presented By: Jonathan Mitchell with Kidder Mathews of California, Inc; 949-557-5000

Interior Features for 703 Allegheny 1-40

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesDen, Dining Room, Family Room, Gas, Kitchen, Living Room, Primary Bedroom, Outside
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesBalcony, Ceiling Fan(s), Ceramic Counters, Granite Counters, High Ceilings, Quartz Counters, Stone Counters, Wired for Data, Walk-In Pantry, Walk-In Closet(s)
Laundry FeaturesWasher Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Stacked
Total Stories3
Window FeaturesBlinds, Double Pane Windows

Other Rooms

Entry Level1

General for 703 Allegheny 1-40

Additional Parcels Description419161001, 419161002,
Additional Parcels Y/NYes
AppliancesDishwasher, Electric Oven, Electric Range, Disposal, Gas Range, High Efficiency Water Heater, Refrigerator, Vented Exhaust Fan, Water Heater, Dryer, Washer
Building Area UnitsSquare Feet
Cap Rate5.7
CityBeaumont
Community FeaturesBiking, Curbs, Foothills, Golf, Hiking, Near National Forest, Park, Pool
Construction MaterialsCopper Plumbing
CoolingCentral Air
CountyRiverside
DirectionsOne Mile North Of 10 FWY & Highland Springs Road
Electric Expense7242
Entry LocationStreet
Garage Spaces96
Garage Y/NYes
Gross Income1070575
HOANo
HOA Fee$
HeatingCentral
Insurance Expense43792
Land Lease Y/NNo
LevelsTwo, Three Or More
Listing TermsCash, Cash to New Loan
Lot Size Square Feet106722
Lot Size UnitsAcres
MLS Area263 - Banning/Beaumont/Cherry Valley
MaintenanceExpense47794
Net Operating Income681525
New ConstructionNo
Number Of Units Total40
Number of Units Leased40
Open Parking Spaces10
Operating Expense389050
Pool FeaturesCommunity, Fenced
PostalCityBEAUMONT
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NNo
Security FeaturesFire Sprinkler System, Resident Manager, Smoke Detector(s), Security Guard
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesCommunity, In Ground
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameSolera (SLRA)
Tax Lot1
Taxes$133,989
Tenant PaysCable TV, Electricity, Gas
Total Actual Rent88340
Trash Expense1927
Unit Number1-40
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Water Sewer Expense1926
Year Built2009
Year Built SourcePublic Records

Exterior for 703 Allegheny 1-40

Building Area Total64254
Lot Features16-20 Units/Acre
Lot Size Acres2.45
Lot Size Area2.45
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters40
Number of Separate Gas Meters40
Number of Separate Water Meters40
Parking FeaturesAssigned, Asphalt, Direct Access, Driveway, Garage
Pool Charge2400
Private PoolNo
Road Frontage TypeCity Street
SpaYes
Total Parking106
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $11,995,000
MLS#OC26002910
List Date 01/02/2026
Property Type Multi-Family
Phone 888.795.6274
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