1518 Magnolia Avenue, Long Beach CA, 90813

Sold

1518 Magnolia Avenue

Long Beach CA, 90813

$1,325,000

$431.88 per sqft

Sold

3,068 sqft

Residential

Built in 1963

Listed by Cameron Samimi with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

Great Cash-Flow Deal located just outside of
Downtown Long Beach, in the Washington
submarket. The property currently collects
$8,548/month in gross income and is operating
at a 5.03% CAP and 13.15 GRM. 1518 Magnolia Ave
has a unit mix of (3) 2Bed+1Bath and (2)
1Bed+1Bath units. There are also 3 garages spots
and laundry on-site. 1518 Magnolia Ave is the
ideal opportunity for any investor looking for day
1 cash-flow with rental upside.
The subject property is located just outside the
$6 Billion of development flooding Downtown
Long Beach, including the Long Beach Civic
Center, Long Beach Aquarium, OceanAire Project,
CSULB Downtown Village, Broadway Block, the
Pacific and Queen Mary Island.

SB22185739

MLSⓇ ID

August 23, 2022

Listed

March 23, 2024

Updated

Map

1518 Magnolia Avenue
Long Beach CA, 90813

Interior Features

Laundry Description: Inside
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.08 Acres
Lot Features: 0-1 Unit/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 699 - Not Defined
Days on Market: 41
Garage: Yes
Garage Spaces: 3
Parking Total: 3
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR4N
Buyer Agency Compensation: 2%

Listing Contact: 310-425-9838

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 1:36 AM UTC