$1,650,000
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1409 Magnolia Avenue Long Beach, CA 90813
Apartment
Residence
Beds
Baths
3,992
Sq. Ft.
0.11
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
SB24072243
Property Type
Apartment
Status
Year Built
1925
Square Feet
3,992
sq. ft
Lot Size
0.11
Sewer
Public Sewer
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