Recently Listed Open House 6/1 1pm - 4pm
2535 Magnolia Avenue
Long Beach, CA, 90806 $ 1,699,000
Bedrooms6 Baths4.0 Sq 3,280 Monthly Estimate*
$ 11,292
Listed by BHHS CA Properties
for $1,699,000 with 6 bedrooms and 4 full baths. This 3,280 square foot home was built in 1942 on a lot size of 0.1405.
Welcome to this exceptional 4-unit building in Long Beach, offering a prime investment opportunity. Recently taken off the market for extensive upgrades, this charming property is now ready to impress. The building features a well-balanced mix of units, including 2 spacious two-bedroom/1 bath units and 2 cozy one-bedroom/1 bath units. Each unit is separately metered, ensuring convenience and privacy for tenants. In addition to the units, the property boasts four single -car garages, a dedicated laundry room, and a storage area. Enjoy the added perk of a beautiful lemon tree in the backyard, providing a refreshing touch of nature. Significant Recent upgrades include fresh paint inside and out, new window replacements, an upgraded electrical panel, and a new roof. Additionally, new air conditioning units, heaters, and laminate flooring, enhancing comfort and modernity throughout the building for the new owner. Located moments away from the Blue Line Station on Willow, Long Beach Memorial Hospital, and a vibrant shopping center, this property is ideally situated for tenants and investors alike. Schedule your showing today to experience the charm and potential of this turnkey property! Don't miss out on this rare find—a great location on a great street, with a fully updated building, excellent income potential.
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Open House
6/1/2024 1:00 PM - 4:00 PM
6/2/2024 1:00 PM - 4:00 PM
2535 Magnolia Avenue Long Beach, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer PublicSewer
Zoning LBR1N
HOA 0.0
Garage Spaces 4.0
Pool Features None
Year Built 1942
Property SubType Quadruplex
Gross Income 11000.0
Community Features Urban
County Los Angeles
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Wrigley Area (WR)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions w willow st & Mgnolia Ave
City Long Beach
Entry Location front
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 4
MLS Area 5 - Wrigley Area
Lot Size Units SquareFeet
Lot Size Square Feet 6121.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Magnolia
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 16
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 24
Virtual Tour https://app.homejab.com/property/view/2535-magnolia-ave-long-beach-ca-90806-usa
Property Sub Type Additional Quadruplex
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ExteriorLot Features Item25UnitsAcre
Water Source Public
Total Parking 4.0
Lot Size Area 6121.0
Number of Buildings 1
Spa N
Building Area Total 3280.0
Lot Size Acres 0.1405
Lot Size Source Assessor
Number of Separate Water Meters 5
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Common Walls Item1CommonWall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $11,292
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Long Beach, CA
Average List Price $2,063,034
Percent of Sale Price 21%
About Long Beach, CA 470,090 Population
2% Since 2002
$ 57,916 Median Income
35.78 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/15/2024 | $1,699,000 | | Listed Price |