1542 Magnolia Avenue, Long Beach, CA 90813

About this property

Prime location !! providing a Fantastic opportunities for owner-user this 4 plex two story building consists of 4 units (1) 4 bed, 2 bath (3) 1 bed, 1bath each units are separately metered for gas & electricity. All long term tenants. The building has 1 attached car garage and 4 parking spaces. New owner will enjoy living in a coastal city of Southern California. Close proximity to Downtown Long Beach with plenty of public transportation, close access to 710 Fwy. The beach parks with many amenities and attraction are just minutes away. Long Beach city is in a Renaissance revival due to hundreds of millions of dollars invested in private and public redevelopments. A strong & growing local economy with good employment. This building makes an ideal addition to an investor portfolio. A must see.

Listing description from the November 2022 sale, as reported to CRMLS.

Sale history

$915,000

Sold November 2022 · listed $950,000, orig. $975,000, on market May 2022 · MLS #OC22113887 · Source: CRMLS

Listing Agent: Phong Nguyen · Listing Office: HPT Realty · Contact: 714-775-7100 · Bought with: Tam Tran · Luxre Realty, Inc.

$540,000

Sold June 2016 · listed $550,000, on market March 2016 · MLS #RS16059592 · Source: CRMLS

Listing Agent: Gustavo Rico · Listing Office: NT& Associates, Inc. · Contact: 562-468-4608 · Bought with: Kim Chi Congton · Superior Real Estate Group

$205,000

Sold June 2012 · listed $202,500, orig. $308,100, on market March 2012 · MLS #P816613 · Source: CRMLS

Listing Agent: Mark Shandrow · Listing Office: Shandrow Group · Contact: 562-364-9505 · Bought with: Outside Agent · Multi-Regional MLS

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