1409 Magnolia Avenue,
Home For Sale
Great Cash-Flow Deal! Located just outside of booming Downtown Long Beach, 1409 Magnolia Ave is a well-maintained 6 unit building with a high yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, and (1) 1Bed/1Bath units. The property currently grosses $13,671/month and operates at a 7.15% CAP and 10.19 GRM. 1409 Magnolia Ave is the ideal investment for investor looking for day 1 cash-flow with significant upside in rental income. The subject property is located just outside the $6 Billion of development flooding into Downtown LB, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Project, CSULB Downtown Village, Broadway Block, the Pacific and Queen Mary Island.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90813
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- MLS® #:
- SB24072243
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- Bedrooms:
- 11
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- Lot Size:
- 0.11
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- Neighborhood:
- LONG BEACH (90813)
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Listing information last updated on July 8th, 2024 at 7:31am PDT.