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1409 Magnolia Ave
Long Beach, CA 90813 Downtown Long Beach

$1,650,000 USD

Apartments For Sale  •  3,992 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,992 SF
  • Lot Size 0.13 AC
  • Building Class C
  • Year Built 1925
  • Cap Rate 6.95 %
  • Zoning IL, Long Beach
66 Transit Score
85 Walk Score

Highlights

Day 1 cash-flow - Will operate at a 10.38 GRM and 6.95 % CAP Rate
High yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, (1) 1Bed/1Bath
Located in the booming city of Long Beach

Property Flyers

Financial Summary (Actual)

Net Operating Income: $114,674 USD (2023)
Cap Rate: 6.95 %
Total Expenses: $39,568 USD

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 17 min 0.9 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 20 min 1.1 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 10 min - 4.7 mi
Los Angeles International 30 min - 20.9 mi
John Wayne/Orange County 33 min - 21.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate
Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate