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Magnolia Avenue Apartments 677 Magnolia Ave 12 Unit Apartment Building $1,850,000 ($154,167/Unit) 5.50% Cap Rate Beaumont, CA 92223
INVESTMENT HIGHLIGHTS
- 12 total units with a proven history of stable occupancy
- Ample on-site parking and tenant conveniences
- Located in Beaumont, one of the fastest-growing Inland Empire communities with strong demand for quality housing
- Mix of one- and two-bedroom floorplans
- Below-market rents with value-add upside
EXECUTIVE SUMMARY
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.
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 FACTS
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $154,167 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 7,089 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.44 | No. Stories | 1 |
| No. Units | 12 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | Cross Streets | E. 7th St. |
| Apartment Style | Garden | ||
| Zoning | R3 | ||
| Price | $1,850,000 |
| Price Per Unit | $154,167 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 11.44 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 7,089 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.5/1,000 SF |
| Cross Streets | E. 7th St. |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 418-074-015 | Improvements Assessment | $266,694 |
| Land Assessment | $67,793 | Total Assessment | $334,487 |
PROPERTY TAXES
Parcel Number
418-074-015
Land Assessment
$67,793
Improvements Assessment
$266,694
Total Assessment
$334,487
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Magnolia Avenue Apartments | 677 Magnolia Ave
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