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.
Features
: No
: Wall Furnace
: No
: No
: No
: 4
: No
Address Map
U.S.
California
Los Angeles
Long Beach
90813
1600 Magnolia Avenue
0
W119° 48' 7.8''
N33° 47' 13.9''
MLS Addon
$0
3,366 Sqft
: No
: No
4.75
1
Magnolia Avenue and Pacific Coast Highway
4
50x73
: No
2

Residential Income For Sale Long Beach

1600 Magnolia Avenue, Long Beach, Los Angeles, California, 90813

8 Bedrooms
3,366 Sqft
Visits : 2 in 9 days
$1,450,000
Listing ID #24439935
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 24439935
Price : $1,450,000
Bedrooms : 8
Square Footage : 3,366 Sqft
Year Built : 1955
Lot Area : 3,651 Acre
Status : Active
Agent info
Damian M. Ramirez
Damian M. Ramirez
  • 01974515
  • 1213238
  • PWDAMRA
Broker
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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