429 Magnolia Avenue

Long Beach, CA
$ 1,350,000 Beds 0 Baths 0 Sq 4,032
Monthly Estimate* How much can I afford?

We are pleased to present a 5 unit apartment building located in Long Beach, California. Built in 1913, the subject property consists of 4,032 rentable square feet spread throughout a 8,709 square foot lot. The building consists of 4 units with 1-Bedroom / 1-Bathroom and 1 unit with 4-Bedrooms / 2.5-Bathrooms. This building is located two blocks away from the Long Beach Courthouse and walking distance to Downtown Long Beach. Tenants have convenient access to freeways as well as many shops and restaurants. Owners enjoy the high demand for rentals in a coastal city of Southern California. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2018. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a great location with true rental upside and stable return.

Pending

  • Price
  • $ 1,350,000
  • Lot Size
  • 8,712 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 4,032
  • Full Bathrooms
  • 0
  • Year Built
  • 1913
  • Half Bathrooms
  • 0
  • City, Zip
  • Long Beach
  • County
  • LOS ANGELES
  • Style
  • Area
  • Downtown Area - Alamitos Beach
  • MLS#
  • PW19271304
  • Zip
  • 90802
Listing Provided by: Kevin King with Marcus & Millichap.

Features

General

Attached Structure Attached
Co-Listing Agent Last Name Ryan
Co-Listing Agent Last Name Gonzalez
Co-Listing Agent State License # 01874815
Co-listing Agent Ryan Gonzalez - BRE#01874815
Community Features Curbs, Sidewalks
Directions 4th Street & Magnolia
Garage Spaces 0.00
Listagentaor Pacific West
Listing Agent Kevin King - BRE#01158184
Listing Agent State License 01158184
MLS Area 4 - Downtown Area, Alamitos Beach
Pool Features None
Price Per Square Foot 334.82
Property Attached Y/N Yes
Sewer Public Sewer, Septic Type Unknown
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Downtown (DT)
Subdivision Name Downtown (DT)
Total Units 5
Zoning LBPD30

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Laundry Features None
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 4032.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.2000
Lot Size Area 8710.0000
Lot Size Source Assessor
Lot Size Square Feet 8710.00
Lot Size Units Square Feet
Number of Buildings 3
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Beverly Hills, CA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/25/2019 Listed $1,490,000
1/13/2020 5% - $1,425,000
4/3/2020 3% - $1,395,000
6/2/2020 4% - $1,350,000

Property vs Zip Code Average in 90802

Price
AVG $610K
$1.35M
Visits
AVG 113
215
Year Built
AVG 1965
1913
Walkscore
AVG 75
89
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

429 Magnolia Avenue Long Beach, CA is a Single Family Home for sale at $1350000 with 4032 sqft and a lot size of 8,712 SqFt Acre(s). 429 Magnolia Avenue Long Beach has 0 bedrooms, 0 baths and was built in 1913. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.