Property Details
About this Property
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 $13,251/month and operates at a 6.95% CAP and 10.38 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. OM in the supplements.
MLS Listing Information
MLS #
CRSB24250411
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Laundry
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1409 Magnolia Ave is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 4,592 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,650,000 and was built in 1925. This address can also be written as 1409 Magnolia Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Cameron Samimi
