2250 Magnolia, Long Beach, CA 90806
- $1,175,000
List Agent Cameron Samimi () 310-259-7556 Lyon Stahl Investment Real Estate, Inc.; CoList ()
- List Price
- $1,175,000
- Price Change
- ▼ $25,000 1785188429
- Status
- ACTIVE
- MLS#
- SB26142307
- Year Built
- 1934
- Lot Size
- 6,501
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 28
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,040 and pro forma scheduled gross income of approximately $63,600. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.
Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Fireplace(s)
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.