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!
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
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#: PW24220381
Originating 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