John E Burge

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677 Magnolia AvenueBeaumont, CA 92223

Multi-Family · 7,089 Sq. ft. | 0.41 Acres
$2,400,000 Active

677 Magnolia Avenue Overview

Time on Site:
292 days
Visits:
3

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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677 Magnolia Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,089
  • Price/Sq.ft. $339
  • Lot 0.41 Acres

Details

General

Association/HOA

  • Common Interest: Community Apartment

Income/Expenses

  • Gross Income: 161772.0
  • Gross Scheduled Income: 161772.0
  • Insurance Expense: 10000.0
  • Net Operating Income: 101774.0
  • Operating Expense: 55145.0
  • Trash Expense: 4500.0
  • Water Sewer Expense: 5800.0

Building Information

  • New Construction: No
  • Year Built: 1947

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 263 - Banning/Beaumont/Cherry Valley
  • Postal City: BEAUMONT
  • Subdivision Name: Beaumont

Community/Development

  • Community Features: Biking,Curbs

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Conventional
  • Parcel Number: 418074015
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 7089.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Street
  • Laundry Features: None
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking Spaces: 15.0
  • Parking Features: None
  • Parking Total: 15.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 17859.6
  • Lot Size Units: Acres
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 0
  • Elevation Units: Feet

Building Exterior/Construction

  • Property Attached: Yes

General Information

  • Number Of Units Total: 12
  • Pool Features: None
  • Pool Private: No
  • Sewer: Septic Type Unknown

677 Magnolia Avenue Neighborhood

Community

92223 (Beaumont) Demographics

36
Median Age
1,311
Population Density (per sq. mile)
35%
College Educated
$86,068
Estimated Median Income
13,729
Estimated Total Home Owners
3,540
Estimated Total Renters
80% / 20%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

677 Magnolia Avenue Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

677 Magnolia Avenue Market Data

Based on the last 30 days in this zip code

$578,571
Average List Price
$269
Average Price per Square Foot
71
Properties Sold
77
Average Days on Market
627
Properties for Sale
Calculations provided by Reliance Network

677 Magnolia Avenue History

Date Event Value Agent
1/6/2026Source: CRMLS Price Increase
$2,400,000 29.7%
9/10/2025Source: CRMLS Added to Database
September 10, 2025
Listing provided courtesy of PAEZ REALTY COMPANYWilliam Melton- MLS# CV25214521MLS ProviderContact Information: [email protected] - 909-476-3552
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