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

Welcome to the enchanting region of Banning, Beaumont, and Cherry Valley, nestled in the heart of Riverside County, California. This picturesque area offers a unique blend of small-town charm and natural beauty, making it an ideal destination for families, retirees, and everyone in between. With stunning mountain views, ample outdoor recreation, and a welcoming community spirit, it’s no wonder this region has become a sought-after place to call home.

Beaumont, a vibrant city within this triad, boasts a rich history and a rapidly growing population. Residents enjoy the convenience of modern amenities, including shopping, dining, and excellent schools, all while being surrounded by the breathtaking landscapes of the San Bernardino Mountains. Just a stone’s throw away, Cherry Valley offers a serene countryside atmosphere, perfect for those seeking tranquility away from the hustle and bustle of city life.

For homebuyers looking for versatile living arrangements, the region features an array of homes with apartment subtypes. These properties are perfect for multi-generational families or those seeking rental income opportunities. Imagine having a separate living space for guests or a cozy apartment that can serve as a home office or studio. The flexibility of these homes allows you to tailor your living situation to fit your lifestyle needs.

Whether you’re drawn to the outdoor adventures available in nearby parks and trails or the vibrant community events that bring neighbors together, Banning, Beaumont, and Cherry Valley offer a wonderful place to create lasting memories. Explore the possibilities today and discover your dream home in this idyllic region!

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

$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.