1600 Magnolia Avenue, Long Beach, CA 90813

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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.


Interior Features

Laundry Information
Location(s) See Remarks
Bedroom Information
Bedrooms 8
Bathroom Information
Bathrooms 5
Interior Information
Cooling Type None

Listing Information

Address 1600 Magnolia Avenue
City Long Beach
State CA
Zip 90813
County Los Angeles
Listing Agent Melissa Barlow DRE #01498928
Courtesy Of Elite Representation Real Estate
List Price $1,450,000
Status Active
Type Residential Income
Structure Size 3,366
Lot Size 3,651
Year Built 1955

Listing information courtesy of: Melissa Barlow, Elite Representation Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.