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$1649000   Price Analysis
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2535 Magnolia Ave
Long Beach, CA 90806
6 bed 4 bath 3280 SqFt ($502/SqFt)
6121SqFt lot. Built 1942
Listed 2024-05-15, Taxes $13414
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Welcome to this exceptional 4-unit building in Long Beach

Offering a prime investment opportunity. Recently taken off the market for extensive upgrades, this charming property is now ready to impress. The building features a well-balanced mix of units, including 2 sizeable two-bedroom/1 bath units and 2 cozy one-bedroom/1 bath units. Each unit is separately metered, ensuring convenience and privacy for tenants. In addition to the units, the property boasts four single -car garages, a dedicated laundry room and a storage area. Enjoy the added perk of a pretty lemon tree in the backyard, providing a refreshing touch of nature. Significant Recent upgrades include fresh paint inside and out, new window replacements, an upgraded electrical panel and a new roof. Additionally, new air conditioning units, heaters and laminate flooring, enhancing comfort and modernity throughout the building for the new owner. Located moments away from the Blue Line Station on Willow, Long Beach Memorial Hospital and a vibrant shopping center, this property is ideally situated for tenants and investors alike. Schedule your showing today to experience the charm and potential of this turnkey property!

Don't miss out on this rare finda fantastic location on great street, with a fully updated building, excellent income potential.


Presented by shereen elhusseini at
Berkshire Hathaway HomeServices CA Properties.
Listing Agent Photo

Property MLS #PW24093192 from CRMLS

Bedrooms: 6

Laundry Features: Common Area

Full Bathrooms: 4

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.1405188
Lot Size Source: Assessor
Lot Size Square Feet: 6121

Garage Spaces: 4
Parking Total: 4

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0

Community Features: Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Area: 5 - Wrigley Area
Source Neighborhood: Wrigley Area (WR)
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 5
Parcel Number: 7202022013
Postal Code Plus 4: 2816
Subdivision: Wrigley Area (WR)
Zoning: LBR1N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$437991 + $618340
$1056331
$13414
2021$429403 + $606216
$1035619
$13142
2020$425000 + $600000
$1025000
$13108
2019$257996 + $135072
$393068
$5552
2018$252938 + $132424
$385362
$5324
2017$247979 + $129828
$377807
$5268
2016$243117 + $127283
$370400
$4891
2015$239466 + $125372
$364838
$4706
2014$234776 + $122917
$357693
$4692
2013$233715 + $122362
$356077
$4555
2012$229133 + $119963
$349096
$4622
2010$224641 + $117611
$342252
$4392
2009$223493 + $117011
$340504
$4349
2009$222963 + $116733
$339696
$4349
2008$219111 + $114717
$333828
$4057
2007$214815 + $112468
$327283
$3937

Price Changed 2024-06-14
$1649000
CRMLS
Listed 2024-05-15
$1699000
CRMLS
Listing removed 2024-05-08
$0
CRMLS
Listed 2024-05-07
$1675000
CRMLS
Listing removed 2024-04-05
$0
CRMLS
Relisted 2024-03-23
$1699999
CRMLS
Listing removed 2024-02-27
$0
CRMLS
Listing removed 2024-02-24
$0
CRMLS
Listed for rent 2024-02-03
$2295
CRMLS
Price Changed 2024-02-01
$1699999
CRMLS
Listing removed 2024-02-01
$0
CRMLS
Listed 2024-01-31
$1700000
CRMLS
Listing removed 2024-01-06
$0
CRMLS
Listed for rent 2024-01-06
$2295
CRMLS
Listing removed 2021-09-18
$0
TheMLSCLAW
Listed 2021-06-17
$1300000
TheMLSCLAW
Listing removed 2021-06-16
$0
TheMLSCLAW
Listed 2021-04-20
$1299999
TheMLSCLAW
Sold 2019-09-27
$1025000
CRMLS
Listed 2019-06-07
$1045000
CRMLS
Listing removed 2008-11-02
$699000
SoCalMLS
Listed 2008-09-08
$699000
SoCalMLS
Sold 2000-10-24
$291000
Public Record
Sold 1998-06-04
$300000
Public Record

Total Square Feet Living: 3280
Year Built: 1942
Building Features: 1
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: front
Property Age: 82
Property Attached: Yes
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Lafayette Elementary School is a public elementary school located approximately 0.2 miles away.
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Cabrillo High School is a public high school located approximately 1.2 miles away.
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Washington Middle School is a public middle school located approximately 1.3 miles away.
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Holy Innocents Elementary School is a private elementary and middle school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.