Banning/Beaumont/Cherry Valley (263) Homes with Apartment Subtype

Welcome to the charming communities of Banning, Beaumont, and Cherry Valley, nestled in the picturesque Riverside County of California. This region is a hidden gem, offering a serene lifestyle surrounded by stunning mountain views and a close-knit community atmosphere. With its rich history and vibrant local culture, residents enjoy a perfect blend of small-town charm and modern conveniences.

Beaumont, in particular, has seen a remarkable transformation in recent years, attracting families and professionals alike. The area is known for its affordable housing options, making it an ideal choice for first-time homebuyers and those looking to invest in real estate. Homes here often feature spacious layouts, contemporary designs, and many come with the coveted apartment subtype, providing additional living space perfect for guests, extended family, or even rental income.

Banning, with its historic downtown and beautiful parks, offers a warm welcome to newcomers, while Cherry Valley captivates with its rural charm and agricultural roots. Residents here enjoy an array of outdoor activities, from hiking the San Bernardino Mountains to exploring local vineyards and orchards.

The community is well-equipped with essential amenities, including shopping centers, schools, and healthcare facilities, ensuring that everything you need is just a stone's throw away. With the added benefit of easy access to larger cities like Riverside and Palm Springs, you can enjoy the tranquility of suburban living without sacrificing the excitement of urban amenities.

Discover the allure of Banning, Beaumont, and Cherry Valley—where your dream home awaits amidst a backdrop of natural beauty and community spirit!

Newest Banning/Beaumont/Cherry Valley (263) Homes with Apartment Subtype

$1,095,000

AR26178170 MLS ⋅ Active Status

333 N Murray St presents an excellent opportunity to acquire a six-unit multifamily property in the growing community of Banning. The property features a diverse unit mix consisting of (3) studio units, (2) one-bedroom + one-bathroom units, and (1) two-bedroom + one-bathroom unit, offering flexibility to attract a wide range of tenants. This well-configured unit mix provides stable rental demand and strong income potential for investors seeking a manageable asset in an affordable rental market. Situated in a convenient residential neighborhood, the property offers tenants easy access to local shopping, dining, and major transportation corridors, while benefiting from Banning’s continued population growth and demand for workforce housing. 333 N Murray St represents an attractive value-add or long-term hold opportunity for investors looking to expand their footprint in the Inland Empire multifamily market.

333 N Murray, Banning

$11,995,000

OC26002910 MLS ⋅ Active Status

***$855,000 Price Reduction***Constructed in 2008, The Tuscany Villas is a 40-unit apartment community that is managed on-site and offers investors desirable amenities as it was built as a condominium complex with each unit situated on its own tax assessor parcel. The property features 100% two and three bedroom townhouse units with connecting two and three car gargaes, an uncommon feature in similar sized, garden-style communities. The townhouses further distinguish themselves with vaulted ceilings enhancing natural light and offering a more spacious, modern living experience. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are brought to market levels. 100% 3 & 2 bedroom townhouse units • Connecting 3 & 2 car garages • Built in 2008 as condominiums (individual parcels) • Well managed with on-site management & excellent tenant profile • Sparkling pool, spa, playground & BBQ area • Priced below replacement cost at under $187 per foot • Spacious units offering 3 different floor plans • Average of ±1,606 square foot units • Central AC/heat & individual hot water heaters • Large ±2.45 Acre parcel • ±1 mile with easy access to the I-10 freeway

703 Allegheny Unit 1-40, Beaumont

$2,400,000

CV25214521 MLS ⋅ Active Status

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.

677 Magnolia Avenue, Beaumont

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.