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$ 1,200,000
Est. payment /mo
Open Sun 1PM-3PM
2250 Magnolia Long Beach, CA 90806
4 Beds
2 Baths
6,501 Sqft Lot
Open House
Sun Jul 05, 1:00pm - 3:00pm
Sun Jul 12, 11:00am - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26142307
Bedrooms 4
Lot Size 6,501 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. 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
Zoning Assessor
Direction 710 Freeway, Exit Willow St and head east on W Willow St. Continue east to Magnolia Ave, then turn right/south on Magnolia Ave.
Interior
Heating Fireplace
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7205024006
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.