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Magic Johnson's LITTLE DAUGHTER Is All Grown Up . . . We Got BIKINI PICS Of Her At The BEACH Yesterday!! (She's Heir To His $1 BILLION Fortune)

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Magic Johnson's little girl Elisa is a GROWN WOMAN now. His youngest child Eliza is now 22 - and looks great.

The paparazzi caught up with the young lady on the beaches of Miami, with her new boyfriend, Anthony Alcaraz.

Elisa and her brothers EJ and Andre are the sole children heirs to Magic's $1 Billion fortune.

Anthony caused a bit of a controversy between the siblings... Elisa's brother EJ accused Anthony of "hitting on him first," and claimed he flirted with him outrageously then left him hanging.