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1916 Magnolia Avenue $1,465,000


    1916 Magnolia Avenue Long Beach, CA 90806

    SOLD 10/8/2022


    • 0 Beds
    • 0 Baths
    • 3,342 sq. ft.
    • Multi-Family
    • MLS# SB22165665
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    Property Details

    Remodeled Units in desirable area of Wrigley! There are 4 units that have been remodeled with all new laminate flooring, new kitchen cabinets with Quartz countertops and new stainless-steel appliances. All new wall furnaces. The windows are newer and most of them have been replaced. The interior and exterior were freshly painted, and new Turf grass was installed in front yard for low maintenance. This is a great opportunity for passive income 4-Plex. There are 5 one-car garages in back with approved plans to convert 4 garages to a 2bd 1ba ADU. Water heaters and electrical outlets are almost new. Built in 1916, the gross building area is appx. 3342 square feet on a 4149 square foot lot. With $6B in development flowing into the City of Long Beach, this is a top beach community and a perfect opportunity for any buyer looking to own a cash flowing asset with upside. Bring Offers!

    • General Features
      • Buyer Compensation 2.500 %
      • Community Features Curbs, Gutters, Sidewalks
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Separate Electric Meters 4
      • Number Of Separate Gas Meters 4
      • Number Of Separate Water Meters 1
      • Number Of Units Leased 3
      • Number Of Units Total 4
      • Subdivision Name Wrigley Area (WR)
      • YearBuilt 1916
    • Building Features
      • Laundry Features Common Area,In Kitchen
      • Levels Two
    • Property Features
      • Lot Size Acres 0.09
      • Lot Features Front Yard, Park Nearby
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 5.00


    90806 (Long Beach) Demographics

    34 Median Age
    11,625 Population Density (per sq. mile)
    26% College Educated
    $57,037 Estimated Median Income
    4,483 Estimated Total Home Owners
    7,852 Estimated Total Renters
    36% / 64% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    41,280 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $690,000 Median Sales Price
    7 Homes Sold
    9 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        10/8/2022 2:00:00 AM Sold Source: Multiple Listing Service New Value: $1,465,000
        9/23/2022 4:02:46 PM Status Changed Source: Multiple Listing Service New Value: Pending
        8/17/2022 5:02:29 PM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/2022 1:02:29 AM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.