Long Beach, CA 90806,2535 Magnolia AVE
Long Beach, CA 90806,2535 Magnolia AVE
Long Beach, CA 90806,2535 Magnolia AVE
Long Beach, CA 90806,2535 Magnolia AVE
Long Beach, CA 90806,2535 Magnolia AVE
Long Beach, CA 90806,2535 Magnolia AVE
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$ 1,649,000
Est. payment | /mo

6,120 Sqft Lot


$ 1,649,000
Est. payment | /mo

6,120 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW24093192

HOA Y/N No

Year Built 1942

Lot Size 6,120 Sqft

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR1N

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7202022013

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Shereen El Husseini • BHHS CA Properties • 714-463-5140
Amin Zarif

Real Estate Agent & Loan Officer | License ID: 02076931

+1(949) 226-1789 | realestateaminzarif@gmail.com

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2535 Magnolia AVE