1409 MAGNOLIA AVE
LONG BEACH, CA 90813

$1,700,000

N/A Beds

0 Baths

3,992 Sq Ft

Status Active

MLS# SB24072243

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.

Details for 1409 MAGNOLIA AVE

Built in 1925

$426 / Sq Ft

4 parking spaces

20 Days on website

0.1054 acres lot

Interior

Living Area

3,992 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1925

Exterior And Lot

Garage Spaces

Lot Size Acres

0.1054

Lot Size Square Feet

4592

Lot Size Units

Square Feet

Parking Total

Zoning

LBIL

Area And Schools

City

Long Beach

County Or Parish

Los Angeles

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.