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Listed by Frank Lynch, DRE #01391760 • Frank Lynch IV,Broker
$1,200,000
Est. payment /mo
6,000 Sqft Lot
Active
2421 Magnolia Long Beach, CA 90806
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRRS26193414
Year Built 1942
Lot Size 6,000 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Rooms
Kitchen Oven Range - Gas
Interior
Heating Forced Air
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 1.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7202021022
Special Listing Condition Not Applicable

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