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    1940 Magnolia Avenue

    Long Beach, CA 90806
    • $960,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: SB21124811
    New On Site 6 Days Ago
    UPDATED: 165 min ago
    $960,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    Excellent investment opportunity in lower Long Beach, two units, upper and lower, each with 2 bedrooms/1 full bath. Both units boast a spacious living room, formal dining area and adjacent kitchen. Each unit has its own single car garage. Large yard and separate laundry room here too. Conveniently close to freeway, schools, shopping and restaurants. Near the Waterfront, Metro stations, popular beaches.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-16T07:46:20.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/118074241
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    1940 Magnolia Avenue Long Beach, CA 90806

    • Price: $960,000
    • Status: Active
    • Updated: 165 min ago
    • ID#: SB21124811
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1941
    Built
    Neighborhood:
    9 - Poly High
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    Excellent investment opportunity in lower Long Beach, two units, upper and lower, each with 2 bedrooms/1 full bath. Both units boast a spacious living room, formal dining area and adjacent kitchen. Each unit has its own single car garage. Large yard and separate laundry room here too. Conveniently close to freeway, schools, shopping and restaurants. Near the Waterfront, Metro stations, popular beaches.
    Exterior Features

    Architectural Style Bungalow Fencing Wrought Iron Lot Features Zero Lot Line Number Of Separate Electric Meters 2 Parking Features GarageGarage Faces Rear Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DryerWasher Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Floor FurnaceWall Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.6 Common Interest None Community Features Street LightsSidewalks Garage YN Yes Gross Income 57600 Gross Scheduled Income 57600 Insurance Expense 1020 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 44400 New Construction YN No New Taxes Expense 10800 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 13200 Property Condition Turnkey Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 280 Water Sewer Expense 1100 Water Source Public Zoning Lbr2n

    Listing provided courtesy of Greg Fabian of Thompson Team Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-16T07:46:20.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Najar Group | Keller Williams Realty
    1014 Broadway Ste C
    El Cajon CA, 92021