For Sale
1409 Magnolia Avenue, Long Beach, CA 90813
Overview
Property ID: SGR-33543825
- Residential Income
- 4.00
- 1925
Description
Great Cash-Flow Deal! Located just outside of
booming Downtown Long Beach, 1409 Magnolia Ave
is a well-maintained 6 unit building with a high
yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,
and (1) 1Bed/1Bath units. The property currently
grosses $13,671/month and operates at a 7.15% CAP
and 10.19 GRM. 1409 Magnolia Ave is the ideal
investment for investor looking for day 1 cash-flow
with significant upside in rental income.
The subject property is located just outside the $6
Billion of development flooding into Downtown LB,
including the Long Beach Civic Center, Long Beach
Aquarium, OceanAire Project, CSULB Project, CSULB
Downtown Village, Broadway Block, the Pacific and
Queen Mary Island.
Address
Open on Google Maps- Address 1409 Magnolia Avenue
- City Long Beach
- State/county CA
- Zip/Postal Code 90813
- Area 4 - Downtown Area, Alamitos Beach
- Country United States
Details
Updated on August 22, 2024 at 7:36 am- Property ID: SGR-33543825
- Price: $1,700,000
- Land Area: 4592.00 m²
- Garages: 4.00
- Year Built: 1925
- Property Type: Residential Income
- Property Status: For Sale
- Living Area: 3992.00
- MLS#: SB24072243
- Office Name: LYON STAHL INVESTMENT REAL ESTATE, INC.
- Agent Name: Cameron Samimi
- MLS Status: Active
- Living Area Prefix: Sqft
- Agent State License: 02035763
- IDX Contact Info: 310-259-7556
Additional details
- Sewer: Public Sewer
- County: Los Angeles
- Property SubType: Apartment
- Parking: 4.00
- Water Source: Public
Mortgage Calculator
Monthly
- Principal & Interest
- Property Tax
- Home Insurance
- PMI
What's Nearby?
Powered by Yelp
Please supply your API key Click Here
