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1026 Wellwood, Beaumont, California 92223, Beaumont, 92223 - 6 bed, 3 bath

1026 Wellwood, Beaumont, California 92223 home-pic-0
ACTIVE$539,000
1026 Wellwood, Beaumont, California 92223
6Beds
3Baths
1,860Sqft
9,583Lot
Year Built
1952
Close
-
List price
$539K
Original List price
$539K
Price/Sqft
$290
HOA
-
Days on market
-
Sold On
-
MLS number
CV25272799
Home ConditionExcellent
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Great Deal:The estimated price is 5% above the list price. We found 4 Cons,6 Pros. Rank: price - $539.0K(51th), sqft - 1860(37th), beds - 6(99th), baths - 3(50th).

Welcome to 1026 Wellwood Ave, a fantastic income-producing opportunity perfect for homeowners and investors alike. This property features a 3 bedroom, 1 bath main home, plus two additional units offering incredible rental potential. The main home is currently occupied for $2,500, providing steady income from day one. The property also includes a 1 bedroom, 1 bath ADU, currently vacant but previously rented for $1,650 per month, and a 2 bedroom, 1 bath garage conversion, also vacant and previously rented for $2,200 per month (all utilities included). With solar panels at approximately $370/month, this setup helps keep utility costs manageable across all units. Whether you’re looking to live in one unit and rent the others, or expand your investment portfolio with solid rental income, this property is a rare and valuable find. Don’t miss out on this great opportunity!

Price History

Date
Event
Price
12/08/25
Listing
$539,000
09/08/23
Sold
$400,000
06/01/18
Sold
$352,500
04/30/99
Sold
$102,500
Condition Rating
Excellent
Despite being built in 1952, the property has undergone extensive and recent interior renovations. Both kitchens and bathrooms feature modern white cabinetry, updated countertops, stainless steel appliances, contemporary fixtures, and new LVP flooring throughout. The overall aesthetic is fresh, clean, and virtually new, meeting current quality standards with no visible deferred maintenance in the updated areas.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1860.
Strong Income-Generating Potential: The property features three distinct units (main home, ADU, garage conversion) offering significant rental income, ideal for investors or owner-occupiers seeking mortgage offset.
Cost-Saving Solar System: Equipped with solar panels, which helps reduce utility expenses across all units, enhancing net operating income and environmental appeal.
Flexible Investment Strategy: Appeals to a broad range of buyers, from pure investors to those looking to live in one unit and rent out the others, maximizing investment versatility.
Desirable Mountain Views: The property benefits from mountain views, adding aesthetic value and potentially increasing desirability and market appeal.
Generous Lot Size: A substantial 9,583 sqft lot provides ample outdoor space, offering privacy and potential for future landscaping or enhancements.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1860, other record living area = 1140. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 1.
Property Age and Potential Maintenance: Built in 1952, the property is over 70 years old, suggesting a higher likelihood of needing updates to systems and components, or addressing deferred maintenance.
Current Vacancy Risk: Two of the three income-producing units are currently vacant, requiring immediate tenant placement efforts to realize full rental income potential and stabilize cash flow.
Main Home Bathroom Deficiency: The primary 3-bedroom residence features only one bathroom, which may be a functional limitation for larger families or multiple tenants and could impact market appeal.

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