1454 Magnolia Avenue

Long Beach, CA 90813

$1,100,000
Price
4
Beds
2,800 Sq. Ft.
$393 / Sq. Ft.
2,800
Sq. Ft.
$393
per Sq. Ft.

Description

Well-maintained 4-plex located in the heart of Long Beach. This property offers four spacious units, perfect for investors or owner-occupiers looking to generate steady rental income. Each unit features 1 bedroom and 1 bathroom, making it ideal for tenants seeking comfort and convenience. The property is situated in a highly desirable area, close to schools, shopping, dining, and public transportation.Well-maintained 4-plex located in the heart of Long Beach. This property offers four spacious units, perfect for investors or owner-occupiers looking to generate steady rental income. Each unit features 1 bedroom and 1 bathroom, making it ideal for tenants seeking comfort and convenience. The property is situated in a highly desirable area, close to schools, shopping, dining, and public transportation.
  1. Listed by Vic Steele • DRE #01349863 • Brokerage DRE #01349863 • Vic Steele, Broker • 714-240-3693

Property Details for 1454 Magnolia Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2800
Assessor Parcel Number
7269-040-005
LISTING UPDATED: 10/23/2024 11:44 PM

Property Details for 1454 Magnolia Avenue

StatusActive
MLS #PW24217391
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.11 AC / 4,735 SF
CountyLos Angeles County

Building Information for 1454 Magnolia Avenue

Stories2Residences-Year Built1918Building Size-Lot Size0.11 AC / 4,735 SF

Property Information for 1454 Magnolia Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $75,149
  • Gross Scheduled Income: $81,600
  • Net Operating Income: $75,149
Expense Details
  • Operating Expense: $6,451
  • Fuel Expense: $0
  • Electric Expense: $480
  • Insurance Expense: $6,000
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Total Expenses: $8,280
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: 7518
  • Tax Census Tract: 5754.01
  • CFD/Mello-Roos Fee: $808
  • Tax Lot: 5
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: On street, Parking Space
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Off Street, Parking Space, Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,513
  • Unit Type Total Rent: $18,156
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,437
  • Unit Type Total Rent: $17,244
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,419
  • Unit Type Total Rent: $17,028
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $400
  • Unit Type Total Rent: $4,800
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5

Property History for 1454 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1454 Magnolia Avenue

Taxable ValueLand$669,888Additions$268,207Total$938,095
Tax Record2024$12,463 ($1,039 / month)
Home Facts
Total Finished SqFt2,800 SqFtAbove Grade Finished SqFt2,800 SqFtLot Size4,735 SqFtStyleQuadraplexYear Built1918ZoningLBR4NCountyLOS ANGELESAPN7269-040-005

Schools near 1454 Magnolia Avenue

This home is within Long Beach Unified School District.
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.

Similar Homes

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1454 Magnolia Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on October 19, 2024 by Vic Steele, Broker, it's currently listed at $1,100,000. It has been on the market for a total of 28 days and was last sold on December 26, 2002. This listing's school district is Long Beach Unified School District. Nearby schools include Edison Elementary School, Washington Middle School and Cabrillo High School. 1454 Magnolia Avenue is a 4-bed, 0-bath, 2,800 sqft multi-family home built in 1918.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vic Steele, Broker, Vic Steele, DRE #01349863

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.