1600 Magnolia Avenue Long Beach, CA ^$ 1,450,000

1600 Magnolia Avenue

^$ 1,450,000

Back to search

Recently Listed

1600 Magnolia Avenue

Long Beach, CA, 90813

^$ 1,450,000

Studio Baths0.0 Sq 3,366

Monthly Estimate*

^$ 8,684

1600 Magnolia Avenue, Long Beach, CA 90813 - Image 1

1600 Magnolia Avenue, Long Beach, CA 90813 - Image 2

1600 Magnolia Avenue, Long Beach, CA 90813 - Image 3

1600 Magnolia Avenue, Long Beach, CA 90813 - Image 4

1600 Magnolia Avenue, Long Beach, CA 90813 - Image 5

Studio

Multi-Family Home for sale in Long Beach, CA

for $1,450,000. This 3,366 square foot home was built in 1955 on a lot size of 0.08.

Excellent opportunity to acquire a stable 4-unit building in the Alamitos Beach area of Long Beach. This building is only 16-17 blocks to Shoreline Village, Long Beach Convention Center, Aquarium of the Pacific, and everything else fantastic about the Pike area of the Long Beach Shoreline. The immediate few block radius has been going through a renaissance with new construction evident all around. Fancy up this building to have a strong long term hold asset to take full advantage of Long Beach's strong future. This property was formally converted from a 5-unit building to a 4-unit building. Enjoy 30 year fixed residential financing! There is a laundry room that was not used by the current owners which can provide additional income and increase the cap rate. Each unit has a 1-car garage. Downstairs unit is 3 beds and 3 baths. Upstairs there are two 1-bed and 1 bath units and one 3-bed 1 bath unit.

Multi-Family Active

Price

^$ 1,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.08

Year Built

1955

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

0024439935

Features

General

Sewer Sewer Paid

Heating Wall Furnace

Cooling See Remarks

Possession Close of Escrow

Roof Shingle

Zoning LBR4N

Construction Materials Stone Wood Siding

Year Built 1955

Tenant Pays Electricity Trash Collection Cable TV Gas

Levels Two

County Los Angeles

Net Operating Income 68842.6

Insurance Expense 1824.0

New Construction No

Property Type C

Home Owner Assoc No

Status Active

City Long Beach

View Y/N No

Senior Community Y/N No

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 3651.0

Water Sewer Expense 2700.0

Additional Parcels Y/N No

Structure Type None

Standard Status Active

Taxes 18415.0

Interior

Kitchen Appliances Disposal

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Fireplace Y/N No

Laundry Features None

Total Baths 0

Exterior

Parking Features None Gated

Water Source None Public

Lot Size Area 3651.0

Foundation Details Raised None

Spa No

Pool Y/N? No

Building Area Total 3366.0

Lot Dimensions 50x73

Lot Size Acres 0.08

Land Lease Type Fee

* Excluded Features

List By

Melissa Barlow

Listing Agent

Elite Representation Real Estate

Broker

Affordability Calculator

$8,684

Per Month

Monthly Principal & Interest: $8,684
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,862,987

Percent of Sale Price 28%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/15/2024	$1,450,000		Listed Price

Map

More homes like this one

homes for you

See all

1600 Magnolia Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,450,000 with 3,366 sqft and a lot size of 0.08. 1600 Magnolia Avenue is a studio with 0.0 baths and was built in 1955. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 9/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1600 Magnolia Avenue

Multi-Family Home for sale in Long Beach, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home