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2535 Magnolia Avenue
Long Beach, CA 90806
Welcome to this exceptional 4-unit building in Long Beach, offering a prime investment opportunity. With extensive upgrades, this charming property is now ready to impress. The building features a well-balanced mix of units, including 2 spacious two-bedroom/1 bath units and 2 cozy one-bedroom/1 bath units. Each unit is separately metered, ensuring convenience and privacy for tenants. In addition to the units, the property boasts four single -car garages, a dedicated laundry room, and a storage area. Enjoy the added perk of a beautiful lemon tree in the backyard, providing a refreshing touch of nature. Significant Recent upgrades include fresh paint inside and out, new window replacements, an upgraded electrical panel, and a new roof. Additionally, new air conditioning units, heaters, and laminate flooring, enhancing comfort and modernity throughout the building for the new owner. Located moments away from the Blue Line Station on Willow, Long Beach Memorial Hospital, and a vibrant shopping center, this property is ideally situated for tenants and investors alike. Schedule your showing today to experience the charm and potential of this turnkey property! Don't miss out on this rare find—a great location on a great street, with a fully updated building, excellent income potential.
PROPERTY INFORMATION
| MLS # | PW24093192 | Lot Size | 6,121 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,649,000
Price Per SqFt: $ 503 |
DOM | 359 Days |
| Address | 2535 Magnolia Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 3,280 Sq. Ft. |
| Postal Code | 90806 | Garage | 4 |
| County | Los Angeles | Year Built | 1942 |
| Bed / Bath | 6 / 0 | Parking | 4 |
| Built In | 1942 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| EntryLocation | front |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 85 (Very Walkable)
Transit Score: 55 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,759
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/15/2024 | Listed | $1,699,000 |
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Listing provided courtesy of Shereen El Husseini, BHHS CA Properties. 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.
