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Sold for $1,430,000 on 12/11/24
  • Listing Provided by: 

    Spencer Pabst DRE #01849377 562-884-6875,

    Pabst, Kinney & Associates

    $1,430,000

    2010 Magnolia Ave, Long Beach, CA 90806

    --beds
    --baths
    4,191sqft
    Multi Family
    Built in 1967
    -- sqft lot
    $1,404,400 Zestimate®
    $341/sqft
    $-- Estimated rent

    What's special

    Charming Statewide fourplex in the desirable Wrigley area of Long Beach. 2010 Magnolia Ave. is a well-maintained, all electric 4 unit building. The property is comprised of (1) 3bd/2bth unit, and (3) 2bd/1bth units, two double car garages and one single car garage. Current rental income per unit is as follows: $2,795, $2,150, $2,150, $1,900. The 3bd/2bth unit, and one of the 2bd/1bth units have been remodeled in the last few years. The two units at $2,150 are Section 8 tenants who have been tenants at the property since the current owners acquired the building. An attractive investment opportunity for a new owner! The property is in an excellent location in South Wrigley neighborhood of Long Beach, just 1.75 miles from the abundance of retail, dining, and entertainment options in Downtown Long Beach. Seller will consider Concessions with Offer!

    Zillow last checked: 7 hours ago

    Listing updated: December 11, 2024 at 03:25pm

    Listing Provided by:

    Spencer Pabst DRE #01849377 562-884-6875,

    Pabst, Kinney & Associates

    Bought with:

    Timothy McClone, DRE #02090160

    eXp Realty of California Inc

    Source: CRMLS,MLS#: PW24220381MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,191
    • Total interior livable area: 4,191 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 5
    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 6,375 sqft
    • Features: Rectangular Lot
    Details
    • Parcel number: 7209031008
    • Zoning: LBR2N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1967

    Utilities & green energy

    • Sewer: Private Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Long Beach
    • Subdivision: Wrigley Area (Wr)

    HOA & financial

    Other financial information
    • Total actual rent: 8995

    Other

    Other facts
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,1031 Exchange
    Services availability
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    Estimated market value

    $1,404,400