677 Magnolia Avenue, Beaumont, CA 92223
677 Magnolia Avenue, Beaumont, CA 92223
677 Magnolia Avenue, Beaumont, CA 92223
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$2,400,000
Est. payment /mo
0.41 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Beaumont

MLS Listing ID CV25214521

HOA Y/N No

Year Built 1947

Lot Size 0.410 Acres

Property Sub-Type Apartment

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.

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Interior

Fireplace No

Laundry None

Exterior

Parking Features None

Pool None

Community Features Biking, Curbs

Total Parking Spaces 15

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Sewer Septic Type Unknown

New Construction No

Others

Senior Community No

Tax ID 418074015

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by William Melton PAEZ REALTY COMPANY #01342816

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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