1409 Magnolia Avenue #1, Long Beach, CA 90813 (MLS # SB24250411)

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PRICE $1,650,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 3,992 sqft
LOT SIZE 4,592 sqft

Great Cash-Flow Deal! Located just outside ofbooming Downtown Long Beach, 1409 Magnolia Aveis a well-maintained 6 unit building with a highyielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,and (1) 1Bed/1Bath units. The property currentlygrosses $13,251/month and operates at a 6.95%CAP and 10.38 GRM. 1409 Magnolia Ave is the idealinvestment for investor looking for day 1 cash-flowwith significant upside in rental income.The subject property is located just outside the $6Billion of development flooding into Downtown LB,including the Long Beach Civic Center, Long BeachAquarium, OceanAire Project, CSULB Project, CSULBDowntown Village, Broadway Block, the Pacific andQueen Mary Island. OM in the supplements.

DAYS ON MARKET 6 LAST UPDATED 12/16/2024
YEAR BUILT 1925 COMMUNITY Not Defined
GARAGE SPACES 4.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA Not Defined
GARAGE Yes
LOT 4592 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
ZONING LBIL
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Lyon Stahl Investment Real Estate, Inc.

Based on information from CRMLS as of 12/22/24 11:48 AM PST. The information being provided by CRMLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CRMLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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