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1409 Magnolia Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
4,592 sqft lot
1925 build
– on site

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 $13,756/month and operates at a 7.30% CAP and 10.00 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.

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated Sep 23, 2024 •

MLS# SB24072243 —

The Building

Year Built:

1925
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

3992.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

6

Interior

Entry Location:

Front
Laundry:

None

Location

Directions:

Off Magnolia, Off Anaheim
Latitude:

33.78426300
Longitude:

-118.19835500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBIL
Lot Features:

0-1 Unit/Acre
Lot Size Area:

4592.0000
Lot Size Acres:

0.1054
Lot Size SqFt:

4592.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5754.01
Tax Tract:

8961
Tax Lot:

6

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7271009010
Showings Begin:

2024-05-01

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Urban
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/10/24 Sep 10, 2024	Price Changed	CRMLS_CA	$1,650,000	-2.9%
5/1/24 May 1, 2024	Listed / Active	CRMLS_CA	$1,700,000	75.3% (9.1% / YR)
10/31/22 Oct 31, 2022	Price Changed	CRMLS_CA

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This multifamily located in Washington School, Long Beach, CA 90813 is currently for sale for $1,650,000. 1409 Magnolia Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 188 days. 1409 Magnolia Avenue is in the Washington School neighborhood of Long Beach and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Cabrillo High School, Edison Elementary School, and Washington Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 00:00 on Nov 05.

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.