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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

    List your home for rent

    $2,821/mo

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    $2,821/mo

    Rent Zestimate®

    Refinance and save

    $5,585/mo

    Est. payment

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    $5,585/mo

    Est. payment

    What's special

    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.

    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#: OC22113887MLS LogoOriginating 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