677 Magnolia Avenue, Beaumont, CA 92223
- $2,400,000
- List Price
- $2,400,000
- Price Change
- ▲ $550,000 1767766641
- Status
- ACTIVE
- MLS#
- CV25214521
- Year Built
- 1947
- Lot Size
- 17,859
- Acres
- 0.41
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 321
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Beaumont
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.
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Additional Information
- Pool Description
- None
- Sewer
- Septic Type Unknown
- Attached Structure
- Attached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $161,772
- Operating Expense
- 55145
Listing courtesy of Listing Agent: William Melton (BIlly@vma.com) from Listing Office: PAEZ REALTY COMPANY.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.