8
See all 8 photos
$1,625,000
Est. payment /mo
4,592 Sqft Lot
Price Dropped by $25K
1409 Magnolia AVE Long Beach, CA 90813
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UPDATED:
01/06/2025 04:44 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24250411
Originating Board California Regional MLS
Year Built 1925
Lot Size 4,592 Sqft
Property Description
Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a well-maintained 6 unit building with a high yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,251/month and operates at a 7.08% CAP and 10.22 GRM. 1409 Magnolia Ave is the ideal investment for investor looking for day 1 cash-flow with significant upside in rental income. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, the Pacific and Queen Mary Island. OM in the supplements.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 7271009010
Special Listing Condition Not Applicable
© 2025 MLSListings Inc. All rights reserved.
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
MORTGAGE CALCULATOR
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