Prime location !! providing a Fantastic opportunities for owner-user this 4 plex two story building consists of 4 units (1) 4 bed, 2 bath (3) 1 bed, 1bath each units are separately metered for gas & electricity. All long term tenants. The building has 1 attached car garage and 4 parking spaces. New owner will enjoy living in a coastal city of Southern California. Close proximity to Downtown Long Beach with plenty of public transportation, close access to 710 Fwy. The beach parks with many amenities and attraction are just minutes away. Long Beach city is in a Renaissance revival due to hundreds of millions of dollars invested in private and public redevelopments. A strong & growing local economy with good employment. This building makes an ideal addition to an investor portfolio. A must see.
Sold for $915,000 on 11/23/22
Listing Provided by:
Phong Nguyen DRE #01417329 949-870-7878,
HPT Realty
Bought with: Luxre Realty, Inc.
$915,000
1542 Magnolia Ave, Long Beach, CA 90813
7beds
5baths
1,786sqft
Multi Family
Built in 1952
-- sqft lot
$974,100 Zestimate®
$512/sqft
$2,821 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 23, 2022 at 07:58pm
Listing Provided by:
Phong Nguyen DRE #01417329 949-870-7878,
HPT Realty
Bought with:
Tam Tran, DRE #02038544
Luxre Realty, Inc.
Source: CRMLS,MLS#: OC22113887
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,786
- Total interior livable area: 1,786 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Pool features: None
Lot
- Size: 2,393 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7269038032
- Zoning: LBR4N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Urban
Location
- Region: Long Beach
- Subdivision: Downtown (Dt)
Other
Other facts
- Listing terms: Cash to New Loan,Conventional,Contract
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Estimated market value
$974,100