1163 Magnolia Ave

Long Beach, CA 90813 View Map $1,249,000 Schedule a Tour
Sq.Ft. Lot8,605
Year1923

The Oriana Shea Group

(562) 270-1775

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Status: Active
Property Type:Duplex
MLS #:PW24115543
On Site:9 Days
Lot Size:8,605 Sq. Ft.
County:Los Angeles
TWO Single-Family Homes ON ONE LOT! You will find the compound a quiet and resort-like feel from the moment you enter. Entering the front of the property you will see the park-like view with grass and gardens, a pergola and fire pit. The front house is grand with 3 bedrooms, 2 1/4 bathrooms. Built in 1923 and features spacious rooms and living space, 10-foot coffered ceilings, and hardwood floors throughout. Two of the bedrooms offer an en-suite bath with the front featuring a large picture window. The 3rd bedroom could be used as flex space and is located in the center of the home. The Living Room is accented with a large statement fireplace hearth and mantle, Attached to the spacious dining room both are open and bright with natural light. The kitchen has been nicely updated. The rear home was updated in 2006 and is currently used as a 3 bedroom, 3 bath but could easily return to a 4 bedroom home. All entertaining is located on the lower level with an open-concept kitchen and an informal dining/social space with great accessibility to the front porch and outdoor dining/entertaining area. There is ample storage and a walk-in pantry with laundry. Along the hallway to the large family room is a coffee station/ bar with designer wallpaper creating a sophisticated party atmosphere, as well as a guest bath. The Family room is large with great light and offers space for a more formal dining area. Ascending the wrap-around staircase you find more natural light and a large central landing point which has great options for flex space. The guest rooms upstairs share a large centrally located bathroom and are inviting and spacious. The primary room is large with a private spa-like bath, spacious sundeck, and a designer walk-in closet with a dressing area. This space can be restored easily to the 4th bedroom. The front home has access to 2 single-car garages. The main home has a private parking pad and behind an electric gate for up to 4 cars. The gorgeous 2-car garage with van-height garage door, epoxy floor, and EV charger allows you direct access to the home. Solar panels on the property are paid for and cut your electric bill to practically zero. The homes have been well cared and the owners have done their best to create a tranquil space to share. Extras include raised vegetable gardens, spa, retractable shade, automated blinds, an outside dining area and so much more. This property is centrally located to all LB offer and is a peaceful retreat.

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Loan and interest only.

Detailed Maps

Community Information

Address:1163 Magnolia Ave, Long Beach, CA 90813
Zip Code:90813

Architecture

Year Built:1923
Stories:1
Style:Craftsman
Building Area: 4083.0
Number of Buildings: 2
Total Units: 2
Stories Total: 2
Unit 1: 1 Unit • 4 Beds • 3 Baths • Unfurnished • $4,200 pro forma
Unit 2: 1 Unit • 3 Beds • 3 Baths • Unfurnished • $3,800 pro forma
Foundation: Raised
Garage Spaces: 4.0

Features / Amenities

Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Coffered Ceilings, High Ceilings, Open Floorplan, Pantry, Pull Down Attic Stairs, QuartzCounters, Recessed Lighting, Storage, Tile Counters, Attic, DressingArea, PrimarySuite, Walk-In Pantry, Walk-In Closet(s)
Appliances: Double Oven, Dishwasher, Electric Cooktop, Disposal, Gas Range, Range Hood, Tankless Water Heater
Fireplace Features: Family Room, Living Room
Flooring: Laminate, Wood
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Room Type: Attic, Kitchen, Laundry, LivingRoom, PrimaryBedroom, Pantry
Exterior Features: Awnings(s), Barbecue, Lighting
Spa: Above Ground, Fiberglass, Heated
Entry Level: 1
Entry Location: Ground with steps
Green Energy Efficient: HVAC, Water Heater
Green Energy Generation: Solar
Other Structures: Second Garage, Gazebo
Security Features: Closed Circuit Camera(s), Carbon Monoxide Detector(s), Security Gate, Smoke Detector(s), Security Lights
Window: Blinds
Private Spa: Yes
Common Walls: No Common Walls
Parking Features: Concrete, Door-Multi, Direct Access, Garage, Garage Faces Rear
Open Parking Spaces: 3.0
Parking Total: 7.0
Cooling: Central Air
Heating: Central

Rooms

Features
Master BedroomPrimarySuite
Attic
Kitchen
Laundry
Living Room
OtherWalkInClosets
PantryWalkInPantry

Property Features

Lot Size: 0.2 Acres / 8,605 Sq. Ft.
Lot Features: Back Yard, Front Yard, Garden, Lawn, Rectangular Lot, SprinklerSystem
Utilities: Cable Available, Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Road Frontage: City Street
Road Surface: Alley Paved, Paved
Zoning:LBPD10
Directions:Anaheim st to Magnolia South

Tax and Financial Info

Gross Scheduled Income: $96,000
Net Operating Income: $90,000
Electric Expense: $1,350
Fuel Expense: $660
Insurance Expense: $2,189
Trash Expense: $581
Water/Sewer Expense: $1,320
Operating Expense: $6,000
Terms: Cash, CashtoNewLoan, Conventional, Item1031Exchange, FHA, FannieMae, FreddieMac, VALoan

Listing Agent/Office

Agent:Steven Nottingham
Office:Keller Williams Pacific Estate
Broker Phone:562-754-1333

Schools

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1163 Magnolia Ave Long Beach,  CA 90813
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1163 Magnolia Ave Long Beach, CA 90813
 
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Based on information from California Regional Multiple Listing Service, Inc. as of June 18, 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.
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