2535 Magnolia Ave

Long Beach, CA 90806 View Map $1,699,000 Schedule a Tour
Sq.Ft. Lot6,121
Year1942

The Oriana Shea Group

(562) 270-1775

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Status: Active
Property Type:Quadruplex
MLS #:PW24093192
On Site:14 Days
Lot Size:6,121 Sq. Ft.
County:Los Angeles
Welcome to this exceptional 4-unit building in Long Beach, offering a prime investment opportunity. Recently taken off the market for extensive upgrades, this charming property is now ready to impress.
The building features a well-balanced mix of units, including 2 spacious two-bedroom/1 bath units and 2 cozy one-bedroom/1 bath units. Each unit is separately metered, ensuring convenience and privacy for tenants.

In addition to the units, the property boasts four single -car garages, a dedicated laundry room, and a storage area. Enjoy the added perk of a beautiful lemon tree in the backyard, providing a refreshing touch of nature.

Significant Recent upgrades include fresh paint inside and out, new window replacements, an upgraded electrical panel, and a new roof. Additionally, new air conditioning units, heaters, and laminate flooring, enhancing comfort and modernity throughout the building for the new owner.
Located moments away from the Blue Line Station on Willow, Long Beach Memorial Hospital, and a vibrant shopping center, this property is ideally situated for tenants and investors alike.

Schedule your showing today to experience the charm and potential of this turnkey property!

Don't miss out on this rare find a great location on a great street, with a fully updated building, excellent income potential.

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Detailed Maps

Community Information

Address:2535 Magnolia Ave, Long Beach, CA 90806
Subdivision:Wrigley Area (Wr)
Zip Code:90806

Architecture

Year Built:1942
Stories:2
Building Area: 3280.0
Number of Buildings: 1
Total Units: 4
Stories Total: 2
Unit 1: 1 Unit • 2 Beds • 1 Bath • $2,900 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • $2,900 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • $2,700 pro forma
Unit 4: 1 Unit • 1 Bed • 1 Bath • $2,700 pro forma
Garage Spaces: 4.0

Features / Amenities

Laundry: Common Area
Entry Level: 1
Entry Location: front
Common Walls: 1 Common Wall
Parking Total: 4.0

Property Features

Lot Size: 0.14 Acres / 6,121 Sq. Ft.
Lot Features: Item25UnitsAcre
Sewer: Public Sewer
Water: Public
Zoning:LBR1N
Directions:w willow st & Mgnolia Ave

Tax and Financial Info

Gross Income: $11,000
Terms: Cash, CashtoNewLoan, Conventional, Item1031Exchange
Land Lease: No

Listing Agent/Office

Agent:Shereen El Husseini
Office:BHHS Ca Properties
Broker Phone:714-463-5140

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2535 Magnolia Ave Long Beach,  CA 90806
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2535 Magnolia Ave Long Beach, CA 90806
 
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Based on information from California Regional Multiple Listing Service, Inc. as of May 28, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.