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Listed by William Melton • PAEZ REALTY COMPANY
$ 1,850,000
Est. payment /mo
Active
677 Magnolia AVE Beaumont, CA 92223
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25214521
Year Built 1947
Source California Regional MLS
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
Laundry None
Exterior
Parking Features No Parking
Garage Spaces 15.0
Pool None
Others
Tax ID 418074015
Special Listing Condition Not Applicable
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