1702 Magnolia Place
About This Property
Start with the junior suite. It is a private bedroom with its own upgraded bathroom inside the room, which gives you a real second suite instead of just an extra bedroom. Put a parent, an adult child, a long term guest, or a roommate there and everyone keeps their own space. With 4 bedrooms and 3.5 bathrooms in total, there is room for the whole household to spread out.
The rest of the home follows through. Upgraded flooring runs throughout, and an upgraded sliding door connects the living space to the backyard. The kitchen is open to the main living area, so whoever is cooking stays part of the conversation. Windows bring in natural light all day, and the mountain views out back are the kind you do not get tired of.
Step outside and the yard is ready right now. A quality Alumawood patio cover gives you shade for morning coffee or an evening barbecue, and the concrete underneath means less upkeep and more time actually enjoying it.
Atwell gives you more than a street to live on. The community offers swimming pools, pickleball courts, playgrounds, separate dog parks for big and small dogs, water features, and walking trails that wind along Smith Creek through the native landscape.
The location works for real life. This single story home sits in Banning but is served by the Beaumont Unified School District, and Highland Springs Avenue puts you on the 10 freeway in minutes. Beaumont shopping is right there, and Cabazon outlets, Morongo, and Palm Springs are all an easy drive. Assigned schools are Sundance Elementary, San Gorgonio Middle, and Beaumont Senior High.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2026 | Listed by REDFIN CORPORATION | $550,000 | |
| Listed by REDFIN CORPORATION | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017