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1486 Magnolia Avenue

Long Beach, CA 90813
  • $1,299,000
  • STATUS: Active
  • ON SITE: 255 Days
  • ID#: OC22205957
Price Reduced
$1,299,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Martie Etheridge of Re/Max Select One (714-846-3800) and Maggie Ureno of Re/Max Select One(714-846-3800)


Description

With east freeway access and less than 2 miles to the golden sand of the BEACH and the fun and shops of Rainbow Harbor, these 6 units plus 3 rare garages will keep these units in high demand in perpetuity! Last time these were available, Carter was president! So now is your chance to own the kind of investment the legacy investors rarely divest! Get off the stock market roller coaster and enjoy a yield every single month from your nest egg!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T00:27:27.573. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/133347052
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1486 Magnolia Avenue Long Beach, CA 90813

  • Price: $1,299,000
  • Status: Active
  • On Site: 255 Days
  • ID#: OC22205957
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1940
Built
Neighborhood:
None
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
With east freeway access and less than 2 miles to the golden sand of the BEACH and the fun and shops of Rainbow Harbor, these 6 units plus 3 rare garages will keep these units in high demand in perpetuity! Last time these were available, Carter was president! So now is your chance to own the kind of investment the legacy investors rarely divest! Get off the stock market roller coaster and enjoy a yield every single month from your nest egg!
Exterior Features

Lot Features Corner LotNo LandscapingRectangular LotWalkstreet Number Of Separate Electric Meters 1 Parking Features Garage Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Appliances DryerWasher Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Urban Electric Expense 1790 Garage YN Yes Gross Income 55176 Gross Scheduled Income 55176 Insurance Expense 2684 Land Lease YN No Laundry Features Common AreaWasher HookupLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 ExchangeSubmit Net Operating Income 36374 New Construction YN No New Taxes Expense 2827 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 7 Operating Expense 18802 Pest Control Expense 0 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Trash Expense 2100 Water Sewer Expense 2222 Water Source Public Zoning Lbr4n



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T00:27:27.573. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Martie Etheridge of Re/Max Select One (714-846-3800) and Maggie Ureno of Re/Max Select One(714-846-3800)