Active

677 Magnolia Avenue

Beaumont, CA 92223
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Bed 0

Bed

Bath 0

Bath

SqFt7,089

Sqft

SqFt17,859.60

Sqft(Lot)

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 Aven ue 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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Detail Ic Property Details

Property Type : Residential Income

Price : $2,400,000

AD Id : 66941470

MLS Id : CV25214521

Lot Size : 17,859.60 Sqft

Living Area Size : 7,089

Year Built : 1947

County : Riverside

Subdivision: Fallbrook

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Map

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Feature Features

  • Water/Sewer

    Sewer: Septic Type Unknown

  • Building Information

    Year Built: 1947 Building Area Total: 7,089
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.41
  • Lot Size Source: Public Records Lot Size Square Feet: 17859.6

  • Listing Price Information

    Original List Price: 2,400,000 Listing Contract Date: 2025-09-10
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 418074015

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 263 - Banning/Beaumont/Cherry Valley Directions: Exit Beaumont Avenue off the 10, go north, turn right on 7th street, turn right again on Magnolia Ave. Source Property Type: Residential Income Area: 263 - Banning/Beaumont/Cherry Valley Property SubType: Apartment
  • Building and Construction

    Property Age: 79 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: Street Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
703 Allegheny #1-40, Beaumont, CA, 92223 $11,995,000 -- -- 64,254 64,254 SqFt
1430 Misty Lane #C, Beaumont, CA, 92223 $465,000 3 2 1,648 1,648 SqFt
1637 A Beaver Creek, Beaumont, CA, 92223 $355,000 2 2 1,340 1,340 SqFt

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ByOwner last updated this listing 06/10/2026 @ 03:48

MLS: CV25214521 LISTED BY: William Melton, PAEZ REALTY COMPANY 909-476-3552 SOURCE: CRMLS

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