$2,400,000
+$550,000677 Magnolia Avenue, Beaumont CA 92223
Multi-Family (12 Units)
Property type
279 days
On market
$339
Price per sqft
0 cars
Garage
1947
Year built
17,860 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: William Melton DRE #01342816, PAEZ REALTY COMPANY
Listing updated: Mar 24, 2026 at 07:18pm.
Last checked: Jun 14, 2026 at 05:30am
Source: CRMLS #CV25214521
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 9 | 1 | 1 | — | $828 | $9,940 | $1,450 | Unfurnished |
| 2 | 0 | 1 | — | $1,100 | $2,210 | $1,210 | Unfurnished |
| 1 | 2 | 1 | — | $1,331 | $1,331 | $1,650 | Unfurnished |
# of Buildings: 4
# of Units Total: 12
Separate Electric Meters: 12
Separate Gas Meters: 12
Separate Water Meters: 0
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
14.8x
List Price / Annual Gross Rent
Cap Rate
4.24%
NOI / List Price
Gross Scheduled Income: $161,772
Operating Expense: $55,145
Net Operating Income: $101,774
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $10,000
Professional Management: $2,400
Trash: $4,500
Water / Sewer: $5,800
Interior
Laundry: None
Entry Location: Street
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: Two Common Walls Or More
Lot Features: Eleven To Fifteen Units Acre
Pool: None
Sewer: Septic Type Unknown
Garage and Parking
Parking: None
Garage Spaces: 0
Uncovered Spaces: 15
Parking Total: 15
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 418074015
Additional Parcels: No
Tax Lot: 85
Subdivision: Beaumont
Community
Senior Community: No
Community Features: Biking, Curbs