logo
Home
Search for Properties
School and Community Data
Find Real Living Agents and Offices
Real Estate Advice
Join Real Living - Careers and Franchise Opportunities
About Real Living Real Estate
fill
fill
Dilbeck Real Estate
Real Living
818-790-6774

1146 Magnolia Avenue, LONG BEACH CA, 90813

(Active)
$4,700,000
|
22,998 sqft
|
MLS# PW14113072
Skip Slideshow
Listing Provided Courtesy Of: Keller Wlliams Pacific Estates
Last Updated: 7/24/2014 6:49 PM
Description for 1146 Magnolia Avenue LONG BEACH, CA 90813
1146-1152 Magnolia Ave, Long Beach. This is a meticulously maintained 32 unit building in a great rental area of LB. 2 buildings on 2 parcels (1146 Magnolia = 7272004010, 1152 Magnolia = 7272004009). A great mix of 24 - 1 Bed/1 Bath units and 8 - 2 Bed /1 Bath units. Buildings are very sizable (22,998 sq ft). A large lot (18,197 sq ft) offers tenants a courtyard and a rock waterfall. All electric building - individually metered and each unit has it's own water heater (keeps expenses down). Milgard dual pane windows throughout building. 2 laundry facilities w/ seller's own machines. 19 enclosed garages = extra income. There is definite room to raise rents - NO rent control in LB. Please call for further income and expense information on this well managed building. This is a great opportunity for the savvy Long Beach investor to add an incredible building to your portfolio! Income is actual and expenses are estimated. Proforma rent for 2 bedrooms is $1200. Proforma rent for 1 bedrooms is $950. Total annual Proforma income = $404,400/yr - GRM = 11.62 - Proforma Cap = 5.84
Price
$4,700,000
Los Angeles
22,998 (approx)
PW14113072
Active
Description
1146-1152 Magnolia Ave, Long Beach. This is a meticulously maintained 32 unit building in a great rental area of LB. 2 buildings on 2 parcels (1146 Magnolia = 7272004010, 1152 Magnolia = 7272004009). A great mix of 24 - 1 Bed/1 Bath units and 8 - 2 Bed /1 Bath units. Buildings are very sizable (22,998 sq ft). A large lot (18,197 sq ft) offers tenants a courtyard and a rock waterfall. All electric building - individually metered and each unit has it's own water heater (keeps expenses down). Milgard dual pane windows throughout building. 2 laundry facilities w/ seller's own machines. 19 enclosed garages = extra income. There is definite room to raise rents - NO rent control in LB. Please call for further income and expense information on this well managed building. This is a great opportunity for the savvy Long Beach investor to add an incredible building to your portfolio! Income is actual and expenses are estimated. Proforma rent for 2 bedrooms is $1200. Proforma rent for 1 bedrooms is $950. Total annual Proforma income = $404,400/yr - GRM = 11.62 - Proforma Cap = 5.84
Listing Information
Property Type: Multi-Family
18,197 Sq. Ft. Public Records 22,998 (approx)
$204.37 1963 Yes- 19 spaces
Water District, Public
In Street, In Street, In Street
32 Total
Neighborhood
Room Information
Community
Interior Features
Free Standing, Range
Ceramic Tile, Carpet
None
Ground Level - no steps
Exterior / Lot Features
19 Garage Spaces, 19 Parking Spaces
None
No Pool
Alley Paved, Sidewalks, Alley Access
Driving Directions
South of Anaheim, North of 10th, on the east side of Magnolia Ave
Financial Considerations
7272004010
2013
Cash, Cash To New Loan
Income ,$106,802
367020.0000
Semi Annually
Listing Price History

LONG BEACH Real Estate

LONG BEACH is located in California. LONG BEACH, California 90813 has a population of  462,257.

The median household income in LONG BEACH, California 90813 is $46,283. The median household income for the surrounding county is $52,874 compared to the national median of $50,935. The median age of people living in LONG BEACH 90813 is 33.3 years.

Sales History
Tax Info
Listing Provided Courtesy Of: Keller Wlliams Pacific Estates Julie Hughes
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
409774 - Dilbeck Real Estate
Real Living
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby