2421 Magnolia, Long Beach, CA 90806

$1,200,000

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List Price
$1,200,000
Status
ACTIVE
MLS#
RS26193414
Year Built
1942
Lot Size
6,000
Acres
0.14
Lot Location
2-5 Units/Acre, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Sprinklers On Side, Street Level
Days on Market
2
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
Two Levels
Neighborhood
Wrigley Area (Wr)

Property Description

Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.

Additional Information

Appliances
Gas Range
Pool Description
None
Fireplace Description
Bath, Gas, Kitchen
Heat
Forced Air
Roof
None
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$85,800
Operating Expense
4290

Listing courtesy of Listing Agent: Frank Lynch (fjlynchiv@gmail.com) from Listing Office: Frank Lynch IV,Broker.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.