1916 Magnolia Avenue, Long Beach, CA 90806

About this property

Remodeled Units in desirable area of Wrigley! There are 4 units that have been remodeled with all new laminate flooring, new kitchen cabinets with Quartz countertops and new stainless-steel appliances. All new wall furnaces. The windows are newer and most of them have been replaced. The interior and exterior were freshly painted, and new Turf grass was installed in front yard for low maintenance. This is a great opportunity for passive income 4-Plex. There are 5 one-car garages in back with approved plans to convert 4 garages to a 2bd 1ba ADU. Water heaters and electrical outlets are almost new. Built in 1916, the gross building area is appx. 3342 square feet on a 4149 square foot lot. With $6B in development flowing into the City of Long Beach, this is a top beach community and a perfect opportunity for any buyer looking to own a cash flowing asset with upside. Bring Offers!

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

Sale history

$1,465,000

Sold October 2022 · listed $1,450,000, on market July 2022 · MLS #SB22165665 · Source: CRMLS

Listing Agent: Armando Mendoza · Listing Office: Class A Realty Inc. · Contact: 310 541-4663 · Bought with: Larson Harley · Lyon Stahl Investment Real Estate, Inc.

$935,000

Sold May 2021 · listed $1,175,000, on market October 2020 · MLS #CV20185698 · Source: CRMLS

Listing Agent: CLARISSA KAYSER · Listing Office: LYONS & ASSOCIATES · Contact: 626-331-0141 · Bought with: ARMANDO MENDOZA · CLASS A REALTY

$501,000

Sold January 2012 · listed $499,000, on market November 2011 · MLS #P803714 · Source: CRMLS

Listing Agent: Steve Gamez · Listing Office: P.R.S. Properties · Contact: 562-439-0566 · Bought with: Jacob Rowan · New Dimension Investment Prop

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