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1916 Magnolia Avenue

Long Beach, CA 90806
  • $1,450,000
  • STATUS: Pending
  • ON SITE: 63 Days
  • ID#: SB22165665
Pending
$1,450,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Ratings & Info

Listing Agent(s): Armando Mendoza of Class A Realty Inc. (310 541-4663) and Jessica Mendoza of Class A Realty Inc.(310 541-4663)


Description

Remodeled Units in desirable area of Wrigley! There are 4 units that have been remodeled with all new laminate flooring, new kitchen cabinets with Quartz countertops and new stainless-steel appliances. All new wall furnaces. The windows are newer and most of them have been replaced. The interior and exterior were freshly painted, and new Turf grass was installed in front yard for low maintenance.This is a great opportunity for passive income 4-Plex. There are 5 one-car garages in back with approved plans to convert 4 garages to a 2bd 1ba ADU. Water heaters and electrical outlets are almost new. Built in 1916, the gross building area is appx. 3342 square feet on a 4149 square foot lot. With $6B in development flowing into the City of Long Beach, this is a top beach community and a perfect opportunity for any buyer looking to own a cash flowing asset with upside. Bring Offers!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T00:28:47.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/131336998
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1916 Magnolia Avenue Long Beach, CA 90806

  • Price: $1,450,000
  • Status: Pending
  • On Site: 63 Days
  • ID#: SB22165665
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1916
Built
Neighborhood:
Wrigley Area (Wr)
County:
Los Angeles
Area:
5 - Wrigley Area
Property Description
Remodeled Units in desirable area of Wrigley! There are 4 units that have been remodeled with all new laminate flooring, new kitchen cabinets with Quartz countertops and new stainless-steel appliances. All new wall furnaces. The windows are newer and most of them have been replaced. The interior and exterior were freshly painted, and new Turf grass was installed in front yard for low maintenance.This is a great opportunity for passive income 4-Plex. There are 5 one-car garages in back with approved plans to convert 4 garages to a 2bd 1ba ADU. Water heaters and electrical outlets are almost new. Built in 1916, the gross building area is appx. 3342 square feet on a 4149 square foot lot. With $6B in development flowing into the City of Long Beach, this is a top beach community and a perfect opportunity for any buyer looking to own a cash flowing asset with upside. Bring Offers!
Exterior Features

Lot Features Front YardLevelNear Park Number Of Separate Electric Meters 4 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsGutter(S)Street LightsSidewalksPark Electric Expense 600 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 114000 Insurance Expense 2122 Land Lease YN No Laundry Features Common AreaIn Kitchen Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCal Vet Loan1031 ExchangeFha 203(B)Fha 203(K)FhaVa Loan Net Operating Income 90808 New Construction YN No New Taxes Expense 18125 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 23192 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 1745 Water Source Public Zoning Lbr2n



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T00:28:47.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Armando Mendoza of Class A Realty Inc. (310 541-4663) and Jessica Mendoza of Class A Realty Inc.(310 541-4663)