1409 Magnolia Avenue 1, Long Beach CA, 90813

Active

1409 Magnolia Avenue 1

Long Beach CA, 90813

$1,650,000

$413.33 per sqft

Active

3,992 sqft

Condos

Built in 1925

Listed by Cameron Samimi with Lyon Stahl Investment Real Estate, Inc. 310-259-7556

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 $13,251/month and operates at a 6.95%
CAP and 10.38 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. OM in the supplements.

SB24250411

MLSⓇ ID

December 16, 2024

Listed

December 22, 2024

Updated

Map

1409 Magnolia Avenue 1
Long Beach CA, 90813

Interior Features

Total Stories: 2
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.11 Acres
Lot Features: 0-1 Unit/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 699 - Not Defined
Days on Market: 2
Garage: Yes
Garage Spaces: 4
Parking Total: 4
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBIL

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/22/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/22/2024 at 1:18 AM UTC