$1,995,000
0.18 acres
33.7796 -118.198

1030 Magnolia Avenue Long Beach, CA 90813

$1,995,000
Est. Monthly $10,144 recalculate
0.18 acres
 

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9155 Telegraph Rd.
Pico Rivera, CA 90660
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562.­863.2121
CENTURY 21 Allstars
9155 Telegraph Rd. Pico Rivera, CA 90660
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1030 Magnolia Avenue
Long Beach, CA 90813

Explore This Property

Multi-Family (2-4 Units) - Built in 1923, the subject property is a Spanish-style apartment complex comprised of Ten bungalow style One Bedroom / One Bath units averaging 507 square feet each. Current ownership completely renovated all Ten units periodically over the past two years with the intent on holding this asset. The most recent unit was recently rented for $1,295, which is $200 more than the lowest in-place rents of $1,095.

True value-add investment opportunity with all the renovation work already completed, making it easy for a new owner to simply raise the remaining rents to market, as Long Beach is NOT subject to rent control. The property is separately metered for gas & electricity and has an on-site laundry facility not currently being utilized due to an expired lease contract with CSC. A new owner could install owned laundry and implement a tenant utility reimbursement program for an additional income boost.
MLS # RS17130123
Courtesy Of Nationwide Real Estate Executives

Property Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Lot Size: 0.18 Acres
  • Roof Type: Unknown

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $10,144Your estimated monthly payment
    $399,00020% Down Payment
    $1,995,000 $1,795,500
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    EDISON ELEMENTARY SCHOOL
    Grades K-5 | Public School

    LONG BEACH, CA 90802
    625 MAINE AVE
    562-590-8481
    0.4
    miles

    Total Students 720
    Student Teacher Ratio 22:1

    School Rating

    1 star View School Details
    Middle School
    WASHINGTON MIDDLE SCHOOL
    Grades 6-8 | Public School

    LONG BEACH, CA 90813
    1450 CEDAR AVE
    562-591-2434
    0.4
    miles

    Total Students 980
    Student Teacher Ratio 23:1

    School Rating

    2 stars View School Details
    High School
    JUAN RODRIGUEZ CABRILLO HIGH SCHOOL
    Grades 9-12 | Public School

    LONG BEACH, CA 90810
    2001 SANTA FE AVE
    562-951-7700
    1.4
    miles

    Total Students 3200
    Student Teacher Ratio 26:1

    School Rating

    2 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    International Elementary School 0.5 mi Public K-5
    Montessori On Elm 0.6 mi Private PRESCHOOL-1
    Chavez Elementary School 0.7 mi Public K-5
    Polytechnic High School 0.9 mi Public 9-12
    Stevenson Elementary School 0.9 mi Public K-5
    Saint Anthony High School 1.0 mi Catholic 9-12
    Clear Passage Educational Center 1.0 mi Public 9-12
    St. Anthony Elementary School 1.1 mi Catholic PRESCHOOL-8
    Lincoln Elementary School 1.2 mi Public K-5
    Franklin Classical Middle School 1.2 mi Public 6-8
    Burnett Elementary School 1.4 mi Public K-5
    Lafayette Elementary School 1.5 mi Public K-5
    Garfield Elementary School 1.5 mi Public K-5
    Whittier Elementary School 1.6 mi Public K-5
    Holy Innocents Elementary School 1.7 mi Catholic K-8
    Renaissance High School For The Arts 1.7 mi Public 9-12
    Roosevelt Elementary School 1.7 mi Public K-5

    Local Area Information for Long Beach, CA 90813

    Median Age: 29.6
    Married: 23.4%
    Number of Households: 16,759
    Households with Children: 7,858
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.