1409 MAGNOLIA AVENUE, LONG BEACH CA 90813

  • 3,992 sq.ft.
  • 4,592 sq.ft. lot
offered at $1,785,000
MLS#:SB22185731
Status: Active // Property Type:
County: Los Angeles // Year Built: 1925

Property Description

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 $11,050/month and operates at a 5.06% CAP and 13.31 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.

Listing Courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.

Exterior Features

Exterior Features: Biking, Curbs, Park, Urban
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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