1211 Magnolia Avenue

Long Beach, CA 90813
Property listed by Lyon Stahl Investment Real Estate, Inc., Nico Rosmarin 303-819-5225
$3,200,000
We are pleased to present 1211 Magnolia Avenue, a pride-of-ownership, turnkey 16-unit multifamily property located in Long Beach. The property features an efficient all one-bedroom unit mix, five garages, on-site laundry, and additional upside through modest rent growth and potential garage-area ADUs. At the asking price, 1211 Magnolia is offered at approximately $294Read MoreRead Less
Listing Snapshot
Days Online
5
Last Updated
Property Type
Apartment
Lot Size
0.2 Acres
Year Built
1930
MLS Number
SB26197731
Property Location Map
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Building
Built in 1930, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Front
Community
Urban
Expenses
Operating: $115,026
Fireplaces
None
Garage
5 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $351,889, Gross ScheduledIncome: $351,889, Net Operating Income: $217,459
Laundry
CommonArea, LaundryRoom
Lot
0.2006 acres, RectangularLot
Parking
5 total parking spaces, GarageFacesRear
Pool
None
Property
CityLights
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7272003003, Tax Block: 5, Lot: 7
Utilities
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, 16 separate electric meters, 16 separate gas meters, 16 separate water meters
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Laura Grabher
Listing Specialist
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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.