1600 Magnolia AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,366 sqft
Price per Sqft $430
MLS Listing ID 24439935
Bedrooms 8
HOA Y/N No
Year Built 1955
Lot Size 3,650 Sqft
Property Description
Excellent opportunity to acquire a stable 4-unit building in the Alamitos Beach area of Long Beach. This building is only 16-17 blocks to Shoreline Village, Long Beach Convention Center, Aquarium of the Pacific, and everything else fantastic about the Pike area of the Long Beach Shoreline. The immediate few block radius has been going through a renaissance with new construction evident all around. Fancy up this building to have a strong long term hold asset to take full advantage of Long Beach's strong future. This property was formally converted from a 5-unit building to a 4-unit building. Enjoy 30 year fixed residential financing! There is a laundry room that was not used by the current owners which can provide additional income and increase the cap rate. Each unit has a 1-car garage. Downstairs unit is 3 beds and 3 baths. Upstairs there are two 1-bed and 1 bath units and one 3-bed 1 bath unit.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4N
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Disposal
Laundry See Remarks
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
View Y/N No
View None
Roof Type Shingle
Porch None
Total Parking Spaces 4
Private Pool No
Building
Story 2
Entry Level Two
Foundation Raised
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Schools
School District Long Beach Unified
Others
Senior Community No
Tax ID 7269038006
Special Listing Condition Standard