1409 Magnolia Avenue
Description
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1409 Magnolia Avenue
Property Details for 1409 Magnolia Avenue
| Status | Active |
|---|---|
| MLS # | SB24250411 |
| Days on Market | 3 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | 2-4 Units |
| Year Built | - |
| Lot Size | 0.11 AC / 4,591 SF |
| County | Los Angeles County |
Building Information for 1409 Magnolia Avenue
Property Information for 1409 Magnolia Avenue
- System ID: 306326331
- Class: 2-4 UNITS
- Street Number Numeric: 1409
- Street Name: Magnolia Avenue
- Directions To Property: Off of Magnolia and Anaheim
- Monthly Total Fees: $94
- CFD/Mello-Roos Fee: $1,129
- CFD/Mello-Roos Fee Reflct: Year
- Supplement: Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a well-maintained 6 unit building with a high yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,251/month and operates at a 6.95% CAP and 10.38 GRM. 1409 Magnolia Ave is the ideal investment for investor looking for day 1 cash-flow with significant upside in rental income. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, the Pacific and Queen Mary Island. OM in the supplements.
- Pool: N/K
- Total Stories: 2
- Entry Only: No
- Lot Size: 4,000-7,499 SF
- Lot Size Source: Assessor Record
- Zoning: Assessor
- Assessors Parcel Num: 7271009010
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 2
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $1,795
- Unit Num for Unit 2: 2
- Unit 2 Num of Bedrooms: 3
- Unit 2 Num of Total Baths: 1
- Unit 2 Rent Actual: $2,899
- Unit Num for Unit 3: 3
- Unit 3 Num of Bedrooms: 3
- Unit 3 Num of Total Baths: 1
- Unit 3 Rent Actual: $2,250
- Unit Num for Unit 4: 4
- Unit 4 Num of Bedrooms: 3
- Unit 4 Num of Total Baths: 1
- Unit 4 Rent Actual: $2,272
Property History for 1409 Magnolia Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1409 Magnolia Avenue
Schools near 1409 Magnolia Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Edison Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Educational Partnership High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.