1916 Magnolia Avenue, Long Beach CA, 90806

Sold

1916 Magnolia Avenue

Long Beach CA, 90806

$1,465,000

$438.36 per sqft

Sold

3,342 sqft

Residential

Built in 1916

Listed by Armando Mendoza with Class A Realty Inc. 310 541-4663

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!

SB22165665

MLSⓇ ID

July 20, 2022

Listed

March 23, 2024

Updated

Map

1916 Magnolia Avenue
Long Beach CA, 90806

Interior Features

Total Stories: 2
Laundry Description: Common Area, In Kitchen
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.1 Acres
Lot Features: Front Yard, Level, Near Park
Sewer: Public Sewer

Other Property Details

Area Name: 5 - Wrigley Area
Days on Market: 19
Garage: Yes
Garage Spaces: 5
Parking Total: 5
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR2N
Buyer Agency Compensation: 2.5%

Listing Contact: 310 541-4663

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:39 AM UTC