Call us:

Please enter your username or email address. You will receive a link to create a new password via email.

624 Magnolia Avenue Long Beach, CA

Back to Featured Listings

Listing 1 out of 7

Next Listing


624 Magnolia Avenue

Long Beach, CA 90802

For Sale


View Details

Description

This classic historical Spanish stucco building is a sound investment. This secure building consists of eight well-designed studio units that include full kitchens. All kitchens and baths are beautifully renovated, and all the living rooms have vented heating in mock fireplaces as well as they have ceiling fans. The wide first-floor hallway offers wainscoting and the second-floor hall offers a sitting room for tenants’ enjoyment. The roof is in good condition, and the building offers plumbing access panels on the roof for easy access to the plumbing. The basement is about 10 x 20 and offers an on-site washer and dryer for additional income. And due to consistent care by owners, not only is this Spanish style building in fantastic condition, but it is a great investment, too.

Features

  • Attached Structure: Attached
  • Sq Ft Source Lot: Assessor’s Data
  • Square Footage Building: 3796
  • Stories: Two Level
  • Stories Total: 2
  • Sub Type: Multi Family Home
  • Type 1 Baths: 1.00
  • Type 1 Furnished: Unfurnished
  • Type 1 Units: 3
  • Type 2 Baths: 1.00
  • Type 2 Furnished: Unfurnished
  • Type 2 Units: 5
  • Units: 8
  • Water Source: District/Public
  • Year Built: 1929
  • Year Built Source: Assessor
  • Sewer: Sewer Connected, Sewer In Street
  • Property Type: Multi Family Home
  • Operating Expense: 22000
  • Country: United States
  • County/Area: Los Angeles County
  • Entry Location: Ground Level With Steps
  • Gross Scheduled Income: 79980
  • Listing Status: Active
  • Lot Features: 0-1 Unit/Acre, Access via City Streets, Alley Access, Walkstreet
  • Lot SqFt: 2395.8
  • Lot Square Footage: 2401
  • MLS: MRMLS
  • Model Name: Other
  • Monthly Gross Income: 6665
  • Net Operating Income: 57980
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Number Water Meters: 1
  • Zip Code: 90802