Login

1211 Magnolia Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Classic Estates
1211 Magnolia Avenue,Long Beach, CA 90813
$3,050,000
  • - Beds
  • - Baths
  • 10,900 sq. ft.
  • Multi-family
  • Active
Listed by: nico rosmarin
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26197731
Source:CRMLS

Price summary

  • Price:$3,050,000
  • Price per sq. ft.:$279.82

About this home

We are pleased to present 1211 Magnolia Avenue, a pride-of-ownership, turnkey 16-unit multifamily property located in Long Beach. The property features an efficient all one-bedroom unit mix, five garages, on-site laundry, and additional upside through modest rent growth and potential garage-area ADUs. At the asking price, 1211 Magnolia is offered at approximately $294 per square foot while generating a 6.80% current capitalization rate and a 7.74% pro forma capitalization rate. The investment thesis is straightforward: acquire a well- renovated asset at a discounted basis, capture a near-7% day-one yield, and retain additional upside through rent normalization and potential future ADU development. The property offers investors a true ease-of-management opportunity. Current ownership extensively renovated the building with the intention of holding it for the long term, completing comprehensive upgrades while preserving its original 1930s Spanish-style character....

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1930
  • Subdivision & Development:Downtown (DT)
  • Listing ID #:SB26197731
  • Added:51 day(s) ago
  • Updated:October 31, 2026 at 04:31 AM

Rooms and interior

  • Living area:10,900 sq. ft.

Structure and exterior

  • Year built:1930
  • Building area:10,900 sq. ft.
  • Lot area:0.2 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Spanish
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,050,000
  • Price per sq. ft.:$279.82

Parking

  • Total parking spaces:5
  • Parking description:Garage Faces Rear
  • Garage:Yes
  • Garage spaces:5
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Classic Estates is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Classic Estates, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Sol Almarines

New listings near 1211 Magnolia Avenue