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Listed by William Melton • PAEZ REALTY COMPANY
$ 2,400,000
Est. payment /mo
Active
677 Magnolia Avenue Beaumont, CA 92223
7,089 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,089 sqft
Price per Sqft $338
MLS Listing ID CV-25214521
Year Built 1947
Lot Size 0.410 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Proud to present Magnolia Avenue Apartments, a well-maintained 12-unit multifamily investment opportunity located in the growing city of Beaumont, CA.
The property consists of a desirable mix of one- and two-bedroom units, each designed for tenant comfort and long-term stability. On-site parking, spacious layouts, and convenient access to nearby retail, dining, and schools make Magnolia Avenue Apartments a sought-after rental option for local residents.
Positioned in a high-growth Inland Empire submarket, the property benefits from Beaumont's strong population growth, limited multifamily inventory, and consistently high tenant demand. Current rents remain below market, offering investors the opportunity to increase income through renovations and strategic management.
Magnolia Avenue Apartments offers investors a rare opportunity to acquire a stable, cash-flowing property with significant upside potential in one of Southern California's most dynamic rental markets.
The property consists of a desirable mix of one- and two-bedroom units, each designed for tenant comfort and long-term stability. On-site parking, spacious layouts, and convenient access to nearby retail, dining, and schools make Magnolia Avenue Apartments a sought-after rental option for local residents.
Positioned in a high-growth Inland Empire submarket, the property benefits from Beaumont's strong population growth, limited multifamily inventory, and consistently high tenant demand. Current rents remain below market, offering investors the opportunity to increase income through renovations and strategic management.
Magnolia Avenue Apartments offers investors a rare opportunity to acquire a stable, cash-flowing property with significant upside potential in one of Southern California's most dynamic rental markets.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Interior
Laundry None
Exterior
Parking Features None
Pool None
Community Features Biking, Curbs
Building
Lot Description 11-15 Units/Acre
Sewer Septic Type Unknown