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1940 Magnolia Avenue

Long Beach, CA 90806
  • $960,000
  • STATUS: Active
  • ON SITE: 9 days
  • ID#: SB21124811
UPDATED: 99 min ago
$960,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Description

Excellent investment opportunity in lower Long Beach, two units, upper and lower, each with 2 bedrooms/1 full bath. Both units boast a spacious living room, formal dining area and adjacent kitchen. Each unit has its own single car garage. Large yard and separate laundry room here too. Conveniently close to freeway, schools, shopping and restaurants. Near the Waterfront, Metro stations, popular beaches.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-19T15:37:46.76. 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 Power Real Estate Group. Licensed in the State of California, USA.
www.seecaliforniahomesforsale.com/homes/118074241
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1940 Magnolia Avenue Long Beach, CA 90806

  • Price: $960,000
  • Status: Active
  • Updated: 99 min ago
  • ID#: SB21124811
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1941
Built
Neighborhood:
9 - Poly High
County:
Los Angeles
Area:
9 - Poly High
Property Description
Excellent investment opportunity in lower Long Beach, two units, upper and lower, each with 2 bedrooms/1 full bath. Both units boast a spacious living room, formal dining area and adjacent kitchen. Each unit has its own single car garage. Large yard and separate laundry room here too. Conveniently close to freeway, schools, shopping and restaurants. Near the Waterfront, Metro stations, popular beaches.
Exterior Features

Architectural Style Bungalow Fencing Wrought Iron Lot Features Zero Lot Line Number Of Separate Electric Meters 2 Parking Features GarageGarage Faces Rear Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DryerWasher Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Floor FurnaceWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.6 Common Interest None Community Features Street LightsSidewalks Garage YN Yes Gross Income 57600 Gross Scheduled Income 57600 Insurance Expense 1020 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 44400 New Construction YN No New Taxes Expense 10800 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 13200 Property Condition Turnkey Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 280 Water Sewer Expense 1100 Water Source Public Zoning Lbr2n

Listing provided courtesy of Greg Fabian of Thompson Team Real Estate, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-19T15:37:46.76. 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 Power Real Estate Group. Licensed in the State of California, USA.
 
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Power Real Estate Group
27371 Pumpkin Street
Murrieta CA, 92562