677 Magnolia Ave Beaumont, CA 92223
Estimated payment $13,299/month
Highlights
- 0.41 Acre Lot
- Bike Trail
- 1-Story Property
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 17,860 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,089 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 85
- Tax Tract Number 44000
- Assessor Parcel Number 418074015
Community Details
Overview
- 4 Buildings
- 12 Units
Recreation
- Bike Trail
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Insurance Expense $10,000
- Professional Management Expense $2,400
- Trash Expense $4,500
- Water Sewer Expense $5,800
- Operating Expense $55,145
- Gross Income $161,772
- Net Operating Income $101,774
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,328 | $334,487 | $67,793 | $266,694 |
| 2023 | $4,328 | $321,500 | $65,161 | $256,339 |
| 2022 | $4,261 | $315,197 | $63,884 | $251,313 |
| 2021 | $4,181 | $309,018 | $62,632 | $246,386 |
| 2020 | $4,138 | $305,850 | $61,990 | $243,860 |
| 2019 | $4,074 | $299,854 | $60,775 | $239,079 |
| 2018 | $4,058 | $293,976 | $59,584 | $234,392 |
| 2017 | $3,995 | $288,213 | $58,416 | $229,797 |
| 2016 | $3,891 | $282,563 | $57,271 | $225,292 |
| 2015 | $3,826 | $278,320 | $56,411 | $221,909 |
| 2014 | $3,829 | $272,870 | $55,307 | $217,563 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/06/2026 01/06/26 | Price Changed | $2,400,000 | +29.7% | $339 / Sq Ft |
| 09/10/2025 09/10/25 | For Sale | $1,850,000 | -- | $261 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25214521
APN: 418-074-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 654 Edgar Ave
- 737 Edgar Ave
- 559 Edgar Ave Unit A2-282
- 525 Palm Ave Unit 30
- 963 Beaumont Ave
- 1002 Beaumont Ave
- 835 Massachusetts Ave
- 950 Michigan Ave
- 0 Veile Ave
- 860 Hurstland Ave
- 660 Pennsylvania Ave
- 612 Pennsylvania Ave
- 395 W 4th St
- 1184 Dadash
- 1183 Palm Ave
- 1257 E 6th St
- 1156 Michigan Ave
- 1217 N California Ave
- 1182 Olive Ave
- 1255 Orange Ave
- 845 E 6th St Unit 16
- 726 Chestnut Ave Unit C
- 1061 Beaumont Ave
- 715 Massachusetts Ave Unit 715 Massachusetts Ave. Unit C
- 201 W Dale St Unit 201 Dale St. - Unit B
- 1626 Apollo Way
- 1577 Leland St
- 1456 Moonlight Dr
- 1522 Tiger Eye Ln
- 1525 Winding Sun Dr
- 1685 Rose Ave
- 916 Essex Rd
- 228 Janan Ct
- 5258 Verbena Cir
- 39670 Grand Ave
- 5804 Indian Canyon Dr
- 10770 Deerfield Dr
- 38158 Cherry Valley Blvd
- 1851 Riviera Ave
- 4333 Hillside Dr
Ask me questions while you tour the home.