$1,700,000
14 bed
6 bath
0 Sqft
4,592 Sqft lot
1409 Magnolia Avenue, Long Beach, California 90813
- Residential Income Property Type
- 30 Days Time on market
- 1925 Year Built
Property 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 $13,516/month and operates at a 6.85%
CAP and 10.45 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.
Basic Details
Residential Income
Buy
SB24072243
$1,700,000
14
6
0 Sqft
1925
4,592 Sqft
Active
Apartment
Houses
Features
: Urban
4
$0
: Public Sewer
Address
CA
Los Angeles
Long Beach
90813
1409 Magnolia Avenue
1409
Avenue
0
W119° 48' 5.9''
N33° 47' 3.3''
Additional Information
30
1
2
4
3,992 Sqft
1
0 Sqft
0 Sqft
0.11 Sqft
4,592 Sqft
1
: 2+ Common Walls
0 Sqft
LBIL
7271009010
$0
$0
$0
$0
$0
$0
0 Sqft
1
0 Sqft
$0
1
01/05/2024 11:34:07
$0
: Standard
Cash,CashtoNewLoan,Conventional,1031 Exchange
Off Magnolia, Off Anaheim
Lyon Stahl Investment Real Estate, Inc.
Cameron Samimi
sb1310620
SBSAMICAM
$0
6.85
5
1
: Item01unitacre
1
1
: Square Feet
: Community Apartment
1
2
6
6
1
6
6
162663
US-06037-N-7271009010-R-N
Apartment
01/05/2024 18:47:10
Magnolia
4 - Downtown Area, Alamitos Beach
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