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About This Home

This 3-bedroom, 3-bathroom multi-family at 677 Magnolia Avenue in Beaumont, CA is listed for $2,400,000 ($339 per sqft). Built in 1947, the home offers 7,089 sqft of living space on a 0.41 acres lot.

Agent Description

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.

Key Features

  • Built in 1947
  • 0.41 acre lot
  • 15 parking spaces

Property Details

1 story
3 full
15 spaces
1947

Monthly Cost Estimate

$12,836/mo

20% down · 6.5% · 30 years

Principal$1,736
Interest$10,400
Insurance$700

Estimates only. Actual payments may vary.

Location

677 Magnolia Avenue

Beaumont, CA 92223

Other (OTHR)

Features & Amenities

Exterior Features

Community Features Included: CurbsBiking11-15 Units/Acre

Property Details

Parking

None

Questions & Answers

This 3-bedroom, 3-bathroom multi-family at 677 Magnolia Avenue is listed at $2,400,000 ($339/sqft). The estimated monthly payment is $10,400 based on 20% down at 6.5% interest.

Key features include: Built in 1947, 0.41 acre lot, 15 parking spaces. Exterior Features: Community Features Included: Curbs, Biking, 11-15 Units/Acre.

This property is listed by William Melton and can be reached at 9094763552 or BIlly@vma.com.

WM

William Melton

Agent at PAEZ REALTY COMPANY

(909) 476-3552

Listed by PAEZ REALTY COMPANY · View on Broker Site

MLS# CV25214521· Source: listhub· Updated 264 days ago

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

677 Magnolia Avenue, Beaumont, CA 92223

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