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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$1,200,000
Est. payment /mo
6,501 Sqft Lot
Active
2250 Magnolia Long Beach, CA 90806
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26142307
Year Built 1934
Lot Size 6,501 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,772 and pro forma scheduled gross income of approximately $66,000. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Rooms
Kitchen Oven Range - Gas
Interior
Heating Fireplace
Laundry Other
Exterior
Parking Features Assigned Spaces
Garage Spaces 1.0
Pool None
Building
Water District - Public
Others
Tax ID 7205024006
Special Listing Condition Not Applicable
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