1600 Magnolia Avenue Long Beach, CA 90813
Excellent opportunity to acquire a stable 4-unit building in the Alamitos Beach area of Long Beach. This building is only 16-17 blocks to Shoreline Village, Long Beach Convention Center, Aquarium of the Pacific, and everything else fantastic about the Pike area of the Long Beach Shoreline. The immediate few block radius has been going through a renaissance with new construction evident all around. Fancy up this building to have a strong long term hold asset to take full advantage of Long Beach's strong future. This property was formally converted from a 5-unit building to a 4-unit building. Enjoy 30 year fixed residential financing! There is a laundry room that was not used by the current owners which can provide additional income and increase the cap rate. Each unit has a 1-car garage. Downstairs unit is 3 beds and 3 baths. Upstairs there are two 1-bed and 1 bath units and one 3-bed 1 bath unit.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site15 Days
- MLS StatusActive
- MLS ID Number24439935
- Home Size Source N/A
- Year Built1955
- Lot Size0.0838 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction StoneWood Siding
- Parking Spaces 4
- Number of Stories 22
- Acreage 0.0838
- Water Public
- Garage Spaces 4
- Foundation Raised
- Zoning LBR4N
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
- Appliances Disposal
- Fireplace Features None
- Laundry Features See Remarks
- Fireplace No
Exterior Features
- Roof Shingle
- View None
- Spa No
- Pool Features None
- Spa Features None
- Patio And Porch None
Community Features
- Senior Community No
- MLS Area 4 - Downtown Area, Alamitos Beach