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  • MLS#: CV25214521 ( Apartment )
  • Street Address: 677 Magnolia Avenue
  • Viewed: 1
  • Price: $1,850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 0
  • Days On Market: 47
  • Additional Information
  • County: RIVERSIDE
  • City: Beaumont
  • Zipcode: 92223
  • Subdivision: Other (othr)
  • Provided by: PAEZ REALTY COMPANY
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • 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 Beaumonts 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 Californias most dynamic rental markets.
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Features
Building Area Total
  1. 7089.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 20
Electric Expense
  1. 0.00
Entry Location
  1. Street
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 10000.00
Laundry Features
  1. None
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 101774.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Parcel Number
  1. 418074015
Parking Features
  1. None
Pool Features
  1. None
Professionalmanagementexpense
  1. 2400.00
Property Type
  1. Apartment
Sewer
  1. Septic Type Unknown
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 446967425:CRM
Subdivision Name Other
  1. Beaumont
Totalexpenses
  1. 55145.00
Trash Expense
  1. 4500.00
Uncovered Spaces
  1. 15.00
Water Sewer Expense
  1. 5800.00
Year Built
  1. 1947
Year Built Source
  1. Public Records