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1916 Magnolia AVE Long Beach, CA 90806
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Key Details
Sold Price $1,465,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
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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Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.
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