677 Magnolia Ave - Apartments FOR SALE


Beaumont, CA 92223- Downtown Beaumont
$1,850,000 USD
626-664-1341
677 Magnolia Ave, Beaumont, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/8
null | 5.5% Cap Rate

677 Magnolia Ave
Beaumont, CA 92223
Downtown Beaumont


HIGHLIGHTS

  • 12 total units with a proven history of stable occupancy
  • Mix of one- and two-bedroom floorplans
  • Ample on-site parking and tenant conveniences
  • Below-market rents with value-add upside
  • Located in Beaumont, one of the fastest-growing Inland Empire communities with strong demand for quality housing

OVERVIEW

Martinez & Associates, Inc. is 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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$261 USD /SF

# OF UNITS

12

PRICE/UNIT

$154,167

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R3

APN/PARCEL ID

418-074-015

ASK ABOUT THIS PROPERTY

Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Victor MartinezVictor Martinez And AssociatesMore Info
626-664-1341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.