2535 Magnolia Avenue

Long Beach, CA 90806

PRICE REDUCED

arrow_downward
-$50,000 (-2.94%)

$1,649,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1942

calendar_month Built

Property Description

Welcome to this exceptional 4-unit building in Long Beach, offering a prime investment opportunity. With extensive upgrades, this charming property is now ready to impress. The building features a well-balanced mix of units, including 2 spacious two-bedroom/1 bath units and 2 cozy one-bedroom/1 bath units. Each unit is separately metered, ensuring convenience and privacy for tenants. In addition to the units, the property boasts four single -car garages, a dedicated laundry room, and a storage area. Enjoy the added perk of a beautiful lemon tree in the backyard, providing a refreshing touch of nature. Significant Recent upgrades include fresh paint inside and out, new window replacements, an upgraded electrical panel, and a new roof. Additionally, new air conditioning units, heaters, and laminate flooring, enhancing comfort and modernity throughout the building for the new owner. Located moments away from the Blue Line Station on Willow, Long Beach Memorial Hospital, and a vibrant shopping center, this property is ideally situated for tenants and investors alike. Schedule your showing today to experience the charm and potential of this turnkey property! Don't miss out on this rare find—a great location on a great street, with a fully updated building, excellent income potential.

Listing Information

List Price $1,649,000
Status Active
MLS PW24093192
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1942
Lot Size 6,121
Structure Size N/A
DOM 90
Courtesy Of BHHS CA Properties
Listing Agent Shereen El Husseini DRE#02004103

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Shereen El Husseini, BHHS CA Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 8:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.