Long Beach, CA 90806,1916 Magnolia AVE
$1,465,000
$1,450,000
1.0%
Est.Price: ?

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3,342 SqFt

1916 Magnolia AVE Long Beach, CA 90806

Est. payment /mo
SOLD DATE : 10/08/2022

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Key Details

Sold Price $1,465,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,342 sqft

Price per Sqft $438

Subdivision Wrigley Area (Wr)

MLS Listing ID SB22165665

Sold Date 10/08/22

HOA Y/N No

Year Built 1916

Lot Size 4,146 Sqft

Property Description

Remodeled Units in desirable area of Wrigley! There are 4 units that have been remodeled with all new laminate flooring, new kitchen cabinets with Quartz countertops and new stainless-steel appliances. All new wall furnaces. The windows are newer and most of them have been replaced. The interior and exterior were freshly painted, and new Turf grass was installed in front yard for low maintenance.

This is a great opportunity for passive income 4-Plex. There are 5 one-car garages in back with approved plans to convert 4 garages to a 2bd 1ba ADU. Water heaters and electrical outlets are almost new. Built in 1916, the gross building area is appx. 3342 square feet on a 4149 square foot lot. With $6B in development flowing into the City of Long Beach, this is a top beach community and a perfect opportunity for any buyer looking to own a cash flowing asset with upside. Bring Offers!

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Rooms

Ensuite Laundry Common Area, In Kitchen

Interior

Laundry Location Common Area,In Kitchen

Fireplace No

Laundry Common Area, In Kitchen

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Park

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard, Level, Near Park

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7209032016

Acceptable Financing Cash, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, VA Loan

Listing Terms Cash, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, VA Loan

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Armando Mendoza • Class A Realty Inc.
Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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