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

Welcome to the charming region of Banning, Beaumont, and Cherry Valley, nestled in the heart of Riverside County, California. This picturesque area is known for its stunning mountain views, warm climate, and a vibrant community that embraces a blend of small-town charm and modern conveniences. With easy access to major highways, residents enjoy a seamless connection to the bustling cities of Los Angeles and Palm Springs while reveling in the tranquility of suburban life.

Beaumont stands out as a thriving city that offers a variety of amenities, including shopping, dining, and recreational activities. The nearby San Bernardino National Forest provides ample opportunities for outdoor enthusiasts to explore hiking trails, picnic spots, and breathtaking landscapes. Cherry Valley, on the other hand, is known for its serene atmosphere, perfect for those seeking a peaceful retreat. Banning adds to the allure with its rich history and community-focused events, making it a wonderful place to call home.

For those looking to invest in real estate, the region boasts an impressive selection of homes, particularly those with apartment subtypes. These properties offer versatile living options, ideal for multi-generational families or those seeking rental income. Imagine a spacious home with separate living quarters, providing both privacy and the opportunity for additional revenue. With a growing demand for such accommodations, investing in a home with an apartment subtype in this area not only enhances your lifestyle but also presents a smart financial opportunity.

Discover the beauty and potential of Banning, Beaumont, and Cherry Valley—where your dream home awaits!

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

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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.