12-Unit Apartment
For Sale
$2,400,000
677 Magnolia Ave, Beaumont, CA 92223
Twelve one- and two-bedroom units with on-site parking in Beaumont.
Property Size7,089 SF
Price / SF$338.55
Days on Market207
Property Features for 677 Magnolia Ave
General Information
Standard status
Active
Size
7,089 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
12
Building Details
Year Built
1947
Listing Agency:
PAEZ REALTY COMPANY
Listed By:
William Melton · License #01342816
(909) 476-3552
Source:
Robertandchristy
Added: Mar 28
Changed: Oct 10
Last Checked: Oct 19 at 12:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PAEZ REALTY COMPANY
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Investment Insights
Based on property information with market context.
Magnolia Avenue Apartments is a well-maintained 12-unit multifamily property offering a mix of one- and two-bedroom units. The building is arranged to support tenant comfort with spacious layouts, and it includes on-site parking for residents.
Located at 677 Magnolia Avenue in Beaumont, CA 92223, the property provides convenient access to nearby retail, dining, and schools.
The community is positioned as a steady rental option, with current rents described as remaining below market in the provided materials.
Located at 677 Magnolia Avenue in Beaumont, CA 92223, the property provides convenient access to nearby retail, dining, and schools.
The community is positioned as a steady rental option, with current rents described as remaining below market in the provided materials.
Key Highlights
- 12‑unit multifamily property in Beaumont, CA
- Unit mix includes one- and two‑bedroom apartments
- On‑site parking provided
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,746
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,294,920
$2.3M
Cap Rate 7%
$1,639,229
$1.6M
Cap Rate 9%
$1,274,956
$1.3M
Market Conditions
NOI Build-Up for 7,089 SF
Gross rent
$212.7K $30.00/SF
− Vacancy
−$4.0K −$0.57/SF
EGI
$208.6K $29.43/SF
− OpEx
−$93.9K −$13.24/SF
NOI
$114.7K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,294,920
Cap Rate 7%
$1,639,229
Cap Rate 9%
$1,274,956
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,746 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,662 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 92223, CA
59,924
Population
20,579
Households
2.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
45.0 sq mi
ZIP Area
1,332
Density / Sq Mi
$100,462
Median Household Income
$50,162
Median Earnings
$1,496
Median Rent
$458,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve one- and two-bedroom units with on-site parking in Beaumont.
Where is this apartment building located?
The property is located at 677 Magnolia Ave Beaumont, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12‑unit multifamily property in Beaumont, CA; Unit mix includes one- and two‑bedroom apartments; On‑site parking provided
