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For sale
  • Listed by: PAEZ REALTY COMPANY • William Melton • Contact: 909-476-3552
    $2,400,000

    677 Magnolia Ave, Beaumont, CA 92223

    11beds
    12baths
    7,089sqft
    : 
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    Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    $339/sqft
    $-- HOA

    What's special

    Spacious layouts
    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.
    306 days
    |
    131
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    William Melton DRE #01342816 909-476-3552,

    PAEZ REALTY COMPANY

    Source: CRMLS,MLS#: CV25214521MLS LogoOriginating MLS: California Regional MLS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 11
      • Bathrooms: 12
      Appliances
      • Laundry: None
      Features
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 7,089
      • Total interior livable area: 7,089 sqft

      Property

      Parking
      • Total spaces: 15
      • Parking features: None
      • Uncovered spaces: 15
      Features
      • Entry location: Street
      • Pool features: None
      Lot
      • Size: 0.41 Acres
      • Features: 11-15 Units/Acre
      Details
      • Parcel number: 418074015
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1947

      Utilities & green energy

      • Sewer: Septic Type Unknown

      Community & HOA

      Community
      • Features: Biking, Curbs
      • Subdivision: Beaumont
      Location
      • Region: Beaumont

      Financial & listing details

      • Price per square foot: $339/sqft
      • Date on market: 9/10/2025
      • Cumulative days on market: 307 days
      • Listing terms: Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,297/mo

        Price history

        DateEventPrice
        1/6/2026Price change$2,400,000+29.7%$339/sqft
        Source: CRMLS #CV25214521 Report a problem
        9/10/2025Listed for sale$1,850,000$261/sqft
        Source: CRMLS #CV25214521 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 92223

        Getting around

        86 / 100
        Very Walkable
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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