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677 Magnolia Avenue Beaumont, CA $ 1,850,000
677 Magnolia Avenue
$ 1,850,000
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677 Magnolia Avenue

Beaumont, CA, 92223
$ 1,850,000
Baths1.0 Sq 7,089

Monthly Estimate*

$ 11,542

Listed by PAEZ REALTY COMPANY
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Studio

Multi-Family Home for sale in Beaumont, CA

for $1,850,000 with 1 full bath. This 7,089 square foot home was built in 1947 on a lot size of 0.41.

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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Multi-Family Active

Price

$ 1,850,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.41

Year Built

1947

Town/City

Beaumont

County/Region

Riverside

MLS | Web ID

CV25214521

Days on Market

93

Features
General
Sewer Septic Type Unknown
Garage Spaces 0
Pool Features None
Year Built 1947
Property Subtype Apartment
Gross Income 161772
Community Features Biking Curbs
County Riverside
Net Operating Income 101774
Operating Expense 55145
Insurance Expense 10000
New Construction 0
Property Type Residential Income
Subdivision Name Beaumont
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions Exit Beaumont Avenue off the 10 go north turn right on 7th street turn right again on Magnolia Ave.
City Beaumont
Entry Location Street
Senior Community Y/N 0
Open Parking Spaces 15
Number Of Units Total 12
MLS Area 263 - Banning/Beaumont/Cherry Valley
Lot Size Units Acres
Lot Size Square Feet 17859.6
Listing Terms Conventional
Property Attached Y/N 1
Land Lease Y/N 0
Electric Expense 0
Fuel Expense 0
Trash Expense 4500
Water Sewer Expense 5800
Additional Parcels Y/N 0
Rent Control Y/N 0
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 85
Property Sub Type Additional Apartment
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Interior
Total Stories 1
Common Walls 2+ Common Walls
Laundry Features None
Entry Level 1
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Exterior
Parking Features None
Lot Features 11-15 Units/Acre
Total Parking 15
Lot Size Area 0.41
Number of Buildings 4
Building Area Total 7089
Lot Size Acres 0.41
Private Pool 0
Lot Size Source Public Records
Number of Separate Water Meters 0
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
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* Excluded Features
List By
Paez Realty Company

Broker

BIlly@vma.com

Email

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$11,542
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,850,000 Listed Price

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677 Magnolia Avenue, Beaumont, CA, 92223 is a Multi-Family Home for sale at $1,850,000 with 7,089 sqft and a lot size of 0.41. 677 Magnolia Avenue is a studio with 1.0 baths and was built in 1947. The property's zip code is 92223 which is in Beaumont, CA