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 $13,756/month and operates at a 7.30%
CAP and 10.00 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.
Features
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: No
: No
: No
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: 4
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Address Map
U.S.
California
Los Angeles
Long Beach
90813
1409 Magnolia Avenue
0
W119° 48' 5.9''
N33° 47' 3.3''
MLS Addon
$0
3,992 Sqft
: No
: No
7.31
129
Off Magnolia, Off Anaheim
4
: No
2
Residential Income For Sale Long Beach
1409 Magnolia Avenue, Long Beach, Los Angeles, California, 90813
4,592 Acre
Visits : 5 in 146 days
$1,650,000
Listing ID #SB24072243
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : SB24072243
Price : $1,650,000
Year Built : 1925
Lot Area : 4,592 Acre
Status : Active
Property Sub Type : Apartment
Agent info
Damian M. Ramirez
- View website
- (714) 292-7224
- (714) 292-7224
- (800) 243-0149
-
-
- 01974515
- 1213238
- PWDAMRA
Broker
A level-headed and composed professional.
Combat veteran and experienced CEO with the ability to train and motivate staff to meet challenging performance targets and consistently satisfy clients with high-quality service.
Contact Agent
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