$765,000
$850,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
8,755 Sqft Lot
SOLD DATE : 04/29/2014
Key Details
Sold Price $765,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID PW14002886
Sold Date 04/29/14
HOA Y/N No
Year Built 1920
Tax Year 2012
Lot Size 8,755 Sqft
Property Description
We are pleased to present a 10-unit apartment complex located at 1127 Magnolia Avenue in Long Beach,
California. Built in 1920, the subject property consists of 4,128 rentable square feet with a lot size of 8,747 square feet.
The subject property has eight studio/one-bath units and two one-bedroom/one-bath units. Owners enjoy the high
demand for rentals in a coastal city of Southern California, while tenants enjoy being in close proximity to Downtown
Long Beach, which is known for its major tourist attractions, plentiful businesses, hotels, restaurants, and entertainment.
This is a rare opportunity to acquire a quality asset in a prime location with true rental upside and stable return.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Unknown
Water Public
Others
Tax ID 7272003017
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Shaun Hurley • First Team Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "