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Long Beach, CA 90806 2076 Magnolia Avenue

$4,600,000

Pending
2076 Magnolia Avenue Long Beach, Ca - Image 12076 Magnolia Avenue Long Beach, Ca - Image 22076 Magnolia Avenue Long Beach, Ca - Image 3
Presented By: TALIB HASAN with GTS REALTY; 323-496-9563
  • MLS# IN23212180
  • 11/24/2023
  • Request Tour
  • Request Info
  • BedBeds • 2
  • BathBaths • 1
  • FootageSQFT • 13,944
  • GarageGarage • 15

Home Details

This well maintained property is located in a very nice and quiet section of Long Beach. The property offers three buildings with a total of twenty-two units. There are (2) two-bedroom/2-bath units, (8) one-bedroom/1-bath units, and (12) studio/one-bath units. This is a great investment opportunity. Also known as: 2070, 2072, 2076, and 2080 Magnolia Ave, Long Beach, CA 90806
Presented By: TALIB HASAN with GTS REALTY; 323-496-9563

Interior Features for 2076 Magnolia Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 2076 Magnolia Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.5
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, StormDrains, StreetLights, Sidewalks
CoolingCentralAir
CountyLos Angeles
Days on Market62
DirectionsMagnolia and Willow
Entry LocationFront/Back
Expected Active Date 2023-11-28
Garage Spaces15.0
Garage Y/NYes
Gross Income252790.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense11201.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoExistingLoan, CashtoNewLoan, Conventional, CalVetLoan, FHA, VALoan
Lot Size Square Feet19106.0
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income251590.0
New ConstructionNo
Number of Units Leased22
Operating Expense121610.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard, Trust
Standard StatusPending
StatusPending
Stories2
Street NameMagnolia
Tax Lot4
Total Actual Rent331800.0
Total Units22
Trash Expense8060.0
View Y/NNo
Waterfront Y/NNo
Year Built1958
Year Built SourcePublicRecords
ZoningLBR2N

Exterior for 2076 Magnolia Avenue

Building Area Total13944.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem2125UnitsAcre
Lot Size Acres0.4386
Lot Size Area19106.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters22
Number of Separate Gas Meters22
Number of Separate Water Meters22
Open Parking Y/NNo
SpaNo
Total Parking15.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $4,600,000
MLS#IN23212180
List Date 11/24/2023
Property Type Pending
Phone 714.964.3311
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Request Info
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors