CnC Realty
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$2,400,000

677 Magnolia Avenue

Beaumont, CA 92223

Active

1947

Year Built

Riverside

County

Apartment

Property Type

About this home

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.

Listed by William Melton · DRE #01342816 · PAEZ REALTY COMPANY
MLS #1133545632
ListedSep 10, 2025

Property Details

Architecture

Stories1
StyleN/A
Total Units12
RoofN/A
Garage Spaces0
PoolN/A
SpaN/A

Features & Amenities

Interior FeaturesN/A
Exterior FeaturesN/A
FlooringN/A
CoolingN/A
HeatingN/A
FireplaceN/A
LaundryNone
Parking FeaturesNone
Parking Total15
Patio & PorchN/A
Entry Level1
Entry LocationStreet
Common WallsTwo Common Walls Or More

Property Features

Lot Size0.41 ac
Lot FeaturesEleven To Fifteen Units Acre
ViewN/A
DirectionsExit Beaumont Avenue off the 10, go north, turn right on 7th street, turn right again on Magnolia Ave.

Community

Area263 - Banning/Beaumont/Cherry Valley
School DistrictN/A

Tax & Financial

TermsConventional
Land LeaseNo
HOA NameN/A
HOA FeeN/A

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Mortgage Estimate

$12,774/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 6:45 PM

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