Long Beach, CA 90813,1526 Magnolia AVE
Long Beach, CA 90813,1526 Magnolia AVE
Long Beach, CA 90813,1526 Magnolia AVE
Long Beach, CA 90813,1526 Magnolia AVE
Long Beach, CA 90813,1526 Magnolia AVE
Long Beach, CA 90813,1526 Magnolia AVE
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$1,195,887

$1,175,000

1.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3,650 Sqft Lot


SOLD DATE : 05/23/2022

Key Details

Sold Price $1,195,887

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision ,Washington

MLS Listing ID SB22058126

Sold Date 05/23/22

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1951

Lot Size 3,650 Sqft

Property Description

Turnkey opportunity! This clean and well-maintained 4-unit property is outperforming the local market on many different levels. Each unit was recently taken down to the studs and fully renovated with new kitchens, bathrooms, flooring, appliances, painting, lighting, ceiling fans, etc. Major improvements to the property include new windows, roofs, garages doors, hot water heaters, gates, fences, landscaping, exterior lighting, plumbing, and electrical. The property consists of one 2bed/1bath front house and three 1bed/1bath units in the back with a separate community laundry room and two 1car garages - perfect for an ADU conversion, which can easily add a ton of value. Each unit is in great condition, offers a functional layout, and is separately metered for gas and electricity. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Downtown Long Beach provides maximum accessibility, with plenty of public transportation, freeway access, and a high walk score. The beach, parks, and other community amenities/ attractions are just minutes away. Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community. This easy to own asset is a great addition to any portfolio!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4N

Interior

Interior Features Built-in Features, Ceiling Fan(s), Open Floorplan

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Parking Features Driveway Level, Door-Single, Garage, On Site, Private, Garage Faces Rear

Garage Spaces 2.0

Garage Description 2.0

Fence New Condition, Security, Wood

Pool None

Community Features Biking, Curbs, Park, Street Lights, Sidewalks, Gated

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Near Public Transit

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 7269038009

Security Features Gated Community

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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Sue "Susie" Bruning-Hughes

Sue "Susie" Bruning-Hughes

+1(562) 260-0588

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Matthew Mahowald • Buckingham Investments, Inc
Bought with Wayne Liu • All USA Realty
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 260-0588

susiehughesreg@gmail.com

6201 E Bayshore Walk, Long Beach, CA, 90803, USA

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