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$ 2,400,000
Est. payment | /mo
0.41 Acres Lot
$ 2,400,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Beaumont
MLS Listing ID CV25214521
HOA Y/N No
Year Built 1947
Lot Size 0.410 Acres
Property Sub-Type Apartment
Property 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 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.
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.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Interior
Fireplace No
Laundry None
Exterior
Parking Features None
Pool None
Community Features Biking, Curbs
Total Parking Spaces 15
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 1
Sewer Septic Type Unknown
New Construction No
Others
Senior Community No
Tax ID 418074015
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by William Melton PAEZ REALTY COMPANY #01342816
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