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$1,650,000
3,992
square ft

1409 Magnolia Avenue #1
Long Beach, California 90813

New / MLS #SB24250411 / Condo / Long Beach
Listing information updated 12/19/2024 at 6:03am
Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a well-maintained 6 unit building with a high yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,251/month and operates at a 6.95% CAP and 10.38 GRM. 1409 Magnolia Ave is the ideal investment for investor looking for day 1 cash-flow with significant upside in rental income. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, the Pacific and Queen Mary Island. OM in the supplements.
Main Level Primary Bedroom:
No
Pool:
No
Age:
99 Years
Parking Spaces:
4
Garage:
Garage - 4 Car(s)
Square Feet:
3,992
Lot Size:
4592 Square Feet
Acreage:
0.1054
Tax Amount:
N/A
Tax Year:
N/A
Zip Code:
90813
City:
Long Beach
County:
Los Angeles
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Lyon Stahl Investment Real Estate, Inc.

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.

$964,644
Average Sale Price
38
Average Days On The Market
99%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1409 Magnolia Avenue #1, Long Beach, CA 90813

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1409 Magnolia Avenue #1 is a condo currently listed at $1,650,000. This condo has been listed on Christie's International Real Estate Sereno since December 16th, 2024 and was built in 1925.