2010 Magnolia Ave

Long Beach, CA 90806

$1,430,000
Last Sold Price
9
Beds
5
Baths
4,191 Sq. Ft.
$341 / Sq. Ft.
4,191
Sq. Ft.
$341
per Sq. Ft.

Description

Charming Statewide fourplex in the desirable Wrigley area of Long Beach. 2010 Magnolia Ave. is a well-maintained, all electric 4 unit building. The property is comprised of (1) 3bd/2bth unit, and (3) 2bd/1bth units, two double car garages and one single car garage. Current rental income per unit is as follows: $2,795, $2,150, $2,150, $1,900. The 3bd/2bth unit, and one of the 2bd/1bth units have been remodeled in the last few years. The two units at $2,150 are Section 8 tenants who have been tenants...Charming Statewide fourplex in the desirable Wrigley area of Long Beach. 2010 Magnolia Ave. is a well-maintained, all electric 4 unit building. The property is comprised of (1) 3bd/2bth unit, and (3) 2bd/1bth units, two double car garages and one single car garage. Current rental income per unit is as follows: $2,795, $2,150, $2,150, $1,900. The 3bd/2bth unit, and one of the 2bd/1bth units have been remodeled in the last few years. The two units at $2,150 are Section 8 tenants who have been tenants at the property since the current owners acquired the building. An attractive investment opportunity for a new owner! The property is in an excellent location in South Wrigley neighborhood of Long Beach, just 1.75 miles from the abundance of retail, dining, and entertainment options in Downtown Long Beach. Seller will consider Concessions with Offer!
  1. Listed by Spencer Pabst • DRE #01849377 • Brokerage DRE #00858534 • Pabst, Kinney & Associates • 562-884-6875

Property Details for 2010 Magnolia Avenue

Parking Spaces Total
5
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4191
Assessor Parcel Number
7209-031-008
Property Attached YN
true
LISTING UPDATED: 12/11/2024 07:24 AM

Property Details for 2010 Magnolia Avenue

StatusClosed
MLS #PW24220381
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
CountyLos Angeles County

Location

Listing Courtesy of Pabst, Kinney & Associates, Spencer Pabst, DRE #01849377

Sold By eXp Realty of California Inc, Timothy McClone, DRE #02090160

Add your commute

Building Information for 2010 Magnolia Avenue

Building/Complex2010 Magnolia AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1967Building Size-

Payment Calculator

$7,492 per month

30 year fixed, 6.845% Interest

Principal and Interest

$7,492

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2010 Magnolia Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $8,995
  • Gross Scheduled Income: $107,940
  • Net Operating Income: $107,940
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 10674
  • Tax Census Tract: 5730.04
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Private Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Wrigley Area
  • Builders Tract Code: Wrigley Area (WR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,795
  • Unit Type Total Rent: $2,795
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 2010 Magnolia Avenue

DateEvent & SourcePriceAppreciation
Dec 11, 2024

Sold

CLAW #PW24220381MR

$1,430,000—
Dec 11, 2024

Sold

CRMLS #PW24220381

$1,430,000—
Dec 11, 2024

Sold

SDMLS #PW24220381

$1,430,000—
Nov 25, 2024

Pending

CRMLS #PW24220381

—
Nov 25, 2024

Pending

SDMLS #PW24220381

—
Nov 6, 2024

Accepting Backup Offers

SDMLS #PW24220381

—
Nov 5, 2024

Accepting Backup Offers

CRMLS #PW24220381

—
Nov 5, 2024

Pending

CLAW #PW24220381MR

—
Nov 5, 2024

Pending

SDMLS #PW24220381

—
Nov 5, 2024

Accepting Backup Offers

CLAW #PW24220381MR

—
Oct 24, 2024

Listed (Active)

SDMLS #PW24220381

$1,495,000—
Oct 24, 2024

Listed (Active)

CLAW #PW24220381MR

$1,495,000—
Oct 24, 2024

Listed (Active)

CRMLS #PW24220381

$1,495,000—
Oct 6, 2011

Withdrawn / Cancelled

CLAW #S11118294MR

—
Oct 6, 2011

Withdrawn / Cancelled

CRMLS #S11118294

$500,000—
Sep 6, 2011

Listed (Active)

CLAW #S11118294MR

$500,000—
Sep 6, 2011

Listed (Active)

CRMLS #S11118294

$500,000—
DateEvent & SourcePrice
12/11/2024

Sold

CLAW #PW24220381MR

$1,430,000
12/11/2024

Sold

CRMLS #PW24220381

$1,430,000
12/11/2024

Sold

SDMLS #PW24220381

$1,430,000
11/25/2024

Pending

CRMLS #PW24220381

—
11/25/2024

Pending

SDMLS #PW24220381

—
11/06/2024

Accepting Backup Offers

SDMLS #PW24220381

—
11/05/2024

Accepting Backup Offers

CRMLS #PW24220381

—
11/05/2024

Pending

CLAW #PW24220381MR

—
11/05/2024

Pending

SDMLS #PW24220381

—
11/05/2024

Accepting Backup Offers

CLAW #PW24220381MR

—
10/24/2024

Listed (Active)

SDMLS #PW24220381

$1,495,000
10/24/2024

Listed (Active)

CLAW #PW24220381MR

$1,495,000
10/24/2024

Listed (Active)

CRMLS #PW24220381

$1,495,000
10/06/2011

Withdrawn / Cancelled

CLAW #S11118294MR

—
10/06/2011

Withdrawn / Cancelled

CRMLS #S11118294

$500,000
09/06/2011

Listed (Active)

CLAW #S11118294MR

$500,000
09/06/2011

Listed (Active)

CRMLS #S11118294

$500,000

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

Schools near 2010 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
Lafayette 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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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 Pabst, Kinney & Associates, Spencer Pabst, DRE #01849377

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.