$639,000 - 848 Magnolia Avenue, Long Beach

  • 0Beds
  • Baths
  • 1,350SQ. Feet
  • 0.11Acres

Offering a 4.44% Cap Rate on current rents, 848-850 Magnolia Ave. is a charming duplex made up of (1) 3-bed/1-bath and (1) 2-bed/1-bath in Downtown Long Beach. The property was completely gutted in 2001 with all new copper plumbing, gas & sewer lines, electrical, electrical panels, heaters, and flooring. There are (5) total parking spaces in the backyard, which has been recently repaved. Each unit has their own washer/dryer and is receiving strong rents. This is the perfect opportunity for any buyer or owner/user looking to own a piece of one of Southern California's last affordable beach communities. The three bedroom unit will be ready for owner occupy.

Sales Agent

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

Essential Information

  • MLS® #:SB19167246
  • Price:$639,000
  • Bathrooms:0.00
  • Square Footage:1,350
  • Acres:0.11
  • Year Built:1908
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:848 Magnolia Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Willmore District (WM)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:5

Exterior

  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:July 15th, 2019
  • Days on Market:61
  • Zoning:LBPD10

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Provided By: Cameron Samimi(02035763), Lyon Stahl Investment Real Estate, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of September 15th, 2019 at 7:07pm 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.