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1534 Magnolia Ave, Long Beach, CA 90813

$925,000

Description

Lyon Stahl Investment Real Estate, as the exclusive listing broker, is pleased to present an opportunity to acquire 1534 Magnolia Ave in Long Beach, CA. This is a 4-unit apartment building in the Washington district built in 1952. The building is 1,939 SF sitting on a 2,498 SF lot. The interior of the property has undergone recent renovations, including flooring, kitchen, bathroom, and paint. The sewage mainline was replaced in 2007. The exterior of the property is well maintained. The roof was completely replaced in 2017. There is street parking and 1 single car garage that is currently being used as a laundry room. This is an excellent opportunity for an investor looking for a cash flowing property.

• 4 Units
• (1) 3-Bed/ 2-Bath
• (3) 1-Bed/ 1- Bath

Property Downloads

Address

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on February 24, 2020 at 11:18 am

  • Price: $925,000
  • List Date: 2/24/2020
  • Property Size: 1939 Sq Ft
  • Land Area: 2498 Sq Ft
  • Year Built: 1952
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • GRM: 10.78
  • CAP RATE: 6.24%
  • Market GRM: 10.78
  • Market CAP RATE: 6.24%

Contact info

Jack McCann
Jack McCann
(310) 425-9838(310) 408-0121
Morgan Rosztoczy
Morgan Rosztoczy
(323) 486-4877(602) 799-1412

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