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2421 Magnolia

Long Beach, CA 90806
Square Ft.
3,516
Pending
Multifamily
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Property listed by Frank Lynch IV,Broker, Frank Lynch 562-565-4801
$1,200,000
Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable… Read MoreRead Less
Listing Snapshot
Days Online
69
Last Updated
Property Type
MixedUse
Square Ft.
3,516
Lot Size
0.14 Acres
Year Built
1942
MLS Number
RS26193414
Property Location Map
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1942, 1 building, 2 stories, Levels: Two, Entry level: 2, Entry location: Frount
Community
Biking, Suburban, Sidewalks
Accessibility Features
None
Expenses
Insurance: $1,250, Operating: $4,290, Trash: $900
Fence
None
Fireplaces
Bath, Gas, Kitchen
Floors
Laminate
Garage
1 spaces
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Income
Gross Income: $81,510, Gross ScheduledIncome: $85,800, Net Operating Income: $81,510
Laundry
CommonArea
Lot
0.1377 acres, TwoToFiveUnitsAcre, FrontYard, SprinklersInRear, SprinklersInFront, Lawn, Landscaped, SprinklersOnSide, StreetLevel
Parking
1 total parking spaces, Assigned
Pool
None
Roof
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7202021022, Tax Block: 12, Lot: 22
Tenant Pays
AllUtilities, Electricity, Gas, Insurance
Utilities
Water Source: Public, 4 separate electric meters, 4 separate gas meters, 4 separate water meters
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Laura Grabher
Listing Specialist
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Schools In The Area

Check out nearby schools with ratings and contact info.
Lafayette Elementary School 562-426-7075 Public KG-5
Washington Middle School 562-591-7477 Public 6-8
Cabrillo High School 562-951-7700 Public 9-12
Lafayette Elementary School 562-426-7075 Public KG-5
Lafayette Elementary School 562-426-7075 Public KG-5
Washington Middle School 562-591-7477 Public 6-8
Cabrillo High School 562-951-7700 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.