1409 Magnolia Avenue 1, Long Beach, CA 90813

About this property

Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a well-maintained 6 unit building with a high yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,251/month and operates at a 7.08% CAP and 10.22 GRM. 1409 Magnolia Ave is the ideal investment for investor looking for day 1 cash-flow with significant upside in rental income. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, the Pacific and Queen Mary Island. OM in the supplements.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold April 2025 · listed $1,625,000, orig. $1,650,000, on market December 2024 · MLS #SB24250411 · Source: CRMLS

Listing Agent: Cameron Samimi · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Cameron Samimi · Lyon Stahl Investment Real Estate, Inc.

Explore Long Beach