$1,395,000 - 429 Magnolia Avenue, Long Beach

  • 0Beds
  • Baths
  • 4,032SQ. Feet
  • 0.20Acres

We are pleased to present a 5 unit apartment building located in Long Beach, California. Built in 1913, the subject property consists of 4,032 rentable square feet spread throughout a 8,709 square foot lot. The building consists of 4 units with 1-Bedroom / 1-Bathroom and 1 unit with 4-Bedrooms / 2.5-Bathrooms. This building is located two blocks away from the Long Beach Courthouse and walking distance to Downtown Long Beach. Tenants have convenient access to freeways as well as many shops and restaurants. Owners enjoy the high demand for rentals in a coastal city of Southern California. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2018. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19271304
  • Price:$1,395,000
  • Bathrooms:0.00
  • Square Footage:4,032
  • Acres:0.20
  • Year Built:1913
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:429 Magnolia Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Downtown (DT)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Interior

  • Appliances:None

Exterior

  • Lot Description:2-5 Units/Acre

Additional Information

  • Date Listed:November 25th, 2019
  • Days on Market:159
  • Zoning:LBPD30

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Alamitos Beach (ab)

  • City:
    Long Beach
  • Price Range:
    $529,900 - $3,295,000
  • Current Listings:
    31
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $358
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Provided By: Kevin King(01158184), Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of June 1st, 2020 at 2:16pm CDT. 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, 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.