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2140 Magnolia Avenue
Long Beach, CA 90806
Sold
2140 Magnolia Avenue
Long Beach, CA 90806
Sold
2140 Magnolia Avenue is a 12-unit apartment property in Long Beach, California. This offering presents a great value-add opportunity with 46 percent potential upside in rents. 2140 Magnolia Avenue consists of two six-unit buildings with all one-bedroom/one-bath units that are separately metered for gas and electricity. The property also features a shared laundry room with owned machines and a rear structure with eight single-car garages. This asset boasts several major recent improvements, including a new roof on one of the buildings, some copper plumbing, and updated electrical. The property is located in the South Wrigley neighborhood, a dense rental area with convenient proximity to the 710 Freeway, and just a few blocks west of Pacific Avenue, where a Northgate Supermarket is a short walk away.
PROPERTY INFORMATION
| MLS # | PW23118541 | Lot Size | 12,669 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 2,300,000
Price Per SqFt: $ 274 |
DOM | 675 Days |
| Address | 2140 Magnolia Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 8,404 Sq. Ft. |
| Postal Code | 90806 | Garage | 8 |
| County | Los Angeles | Year Built | 1940 |
| Bed / Bath | 1 / 0 | Parking | 8 |
| Built In | 1940 | Status | Closed |
| Sold Date | 2023-09-08 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,453
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/17/2023 | Pending | $2,300,000 |
| 07/03/2023 | Listed | $2,300,000 |
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Listing provided courtesy of Steven Bogoyevac, Steven M. Bogoyevac, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
