Millman Team Real Estate

$1,850,000
0.41 Acre Lot

677 Magnolia Avenue, Beaumont, California 92223

  • Residential Income Property Type
  • None Cars Garage
  • 1947 Year Built
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.

Basic Details
Residential Income
For Sale
CV25214521
$1,850,000
1947
0.41 Acre
Active
1
Apartment
Features
: None
: None
: None
: Septic Type Unknown
$0
Address Map
CA
Riverside
Beaumont
Beaumont
92223
Magnolia Avenue
677
Exit Beaumont Avenue off the 10, go north, turn right on 7th street, turn right again on Magnolia Ave.
263 - Banning/Beaumont/Cherry Valley
Additional Information
$0
$0
$0
$0
$0
7089
: Curbs, Biking
1
: 11-15 Units/Acre
12
2025-09-10
1
Broker/Agent Information
PAEZ REALTY COMPANY
William Melton
Listing Information
CV44133
50526
Conventional
Active
2025-09-30T02:56:32Z
CRMLS
: Standard
2025-09-10T16:22:24Z
Agent info
Ray Millman
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