$2,400,000
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.
Facts & features
- Laundry
- None
- Lot size
- 0.41 acres (17,859.6 sq ft)
- Pool
- None
- Year built
- 1947
- Parking
- None
- Parking spaces
- 15
- Area
- 263 - Banning/Beaumont/Cherry Valley
- County
- Riverside
- Community features
- Biking, Curbs
- Status
- Active
- Property type
- Apartment
- Days on market
- 293
- Listed
- 2025-09-10
- Original price
- $1,850,000
- Terms
- Conventional
- Parcel #
- 418074015
- MLS #
- CV25214521
