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ResidentialIncome — 2250 Magnolia, Long Beach, CA

$1,150,000

2250 Magnolia, Long Beach, CA

$1,150,000 — 2250 Magnolia, Long Beach, CA — photo 1 $1,150,000 — 2250 Magnolia, Long Beach, CA — photo 2 $1,150,000 — 2250 Magnolia, Long Beach, CA — photo 3 $1,150,000 — 2250 Magnolia, Long Beach, CA — photo 4 $1,150,000 — 2250 Magnolia, Long Beach, CA — photo 5
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About this property

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.

Property details

Year built
1934
Property type
ResidentialIncome

Location

2250 Magnolia • Long Beach, CA 90806

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Listed by

Cameron Samimi · Lyon Stahl Investment Real Estate, Inc.

Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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