1542 Magnolia Avenue

Long Beach, CA 90813

$915,000
Last Sold Price
7
Beds
5
Baths
1,786 Sq. Ft.
$512 / Sq. Ft.
1,786
Sq. Ft.
$512
per Sq. Ft.

Description

Prime location ! providing a Fantastic opportunities for owner-user this 4 plex two story building consists of 4 units (1) 4 bed, 2 bath (3) 1 bed, 1bath each units are separately metered for gas & electricity. All long term tenants. The building has 1 attached car garage and 4 parking spaces. New owner will enjoy living in a coastal city of Southern California. Close proximity to Downtown Long Beach with plenty of public transportation, close access to 710 Fwy. The beach parks with many amenities...Prime location ! providing a Fantastic opportunities for owner-user this 4 plex two story building consists of 4 units (1) 4 bed, 2 bath (3) 1 bed, 1bath each units are separately metered for gas & electricity. All long term tenants. The building has 1 attached car garage and 4 parking spaces. New owner will enjoy living in a coastal city of Southern California. Close proximity to Downtown Long Beach with plenty of public transportation, close access to 710 Fwy. The beach parks with many amenities and attraction are just minutes away. Long Beach city is in a Renaissance revival due to hundreds of millions of dollars invested in private and public redevelopments. A strong & growing local economy with good employment. This building makes an ideal addition to an investor portfolio. A must see.
  1. Listed by Phong Nguyen • DRE #01417329 • Brokerage DRE #01525531 • HPT Realty

Property Details for 1542 Magnolia Avenue

Parking Spaces Total
1
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1786
Assessor Parcel Number
7269-038-032
Property Attached YN
false

Location

Listing Courtesy of HPT Realty, Phong Nguyen, DRE #01417329

Sold By Luxre Realty, Inc., Tam Tran, DRE #02038544

Add your commute
LISTING UPDATED: 11/23/2022 11:57 AM

Property Details for 1542 Magnolia Avenue

StatusClosed
MLS #OC22113887
Days on Market115
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.05 AC / 2,393 SF
CountyLos Angeles County

Location

Listing Courtesy of HPT Realty, Phong Nguyen, DRE #01417329

Sold By Luxre Realty, Inc., Tam Tran, DRE #02038544

Add your commute

Building Information for 1542 Magnolia Avenue

Stories2Residences-Year Built1952Building Size-Lot Size0.05 AC / 2,393 SF

Payment Calculator

$5,999 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,994

Property Taxes

$1,005

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1542 Magnolia Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $40,857
  • Gross Scheduled Income: $56,280
  • Net Operating Income: $40,857
  • Cap Rate: 5.5
  • Current Financing: Conventional
  • Financing: Conventional
Expense Details
  • Operating Expense: $15,423
  • Licenses Expense: $604
  • Insurance Expense: $1,304
  • Maintenance Expense: $3,600
  • Trash Expense: $0
  • Water Sewer Expense: $1,972
  • Total Expenses: $15,423
Tax / Assessment Info
  • Tax Block: 5
  • Tax Tract: 152
  • Tax Tract Number: 152
  • Tax Census Tract: 5754.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 14
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
Exterior Features
  • Security Features: Smoke Detector(s)
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Electric: 220 Volts
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,875
  • Unit Type Total Rent: $1,875
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $975
  • Unit Type Total Rent: $975
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $875
  • Unit Type Total Rent: $875
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $965
  • Unit Type Total Rent: $965
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1542 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1542 Magnolia Avenue

Taxable ValueLand$525,000Additions$390,000Total$915,000
Tax Record2023$12,062 ($1,005 / month)
Home Facts
Total Finished SqFt1,786 SqFtAbove Grade Finished SqFt1,786 SqFtLot Size2,393 SqFtStyleQuadraplexYear Built1952ZoningLBR4NCountyLOS ANGELESAPN7269-038-032

Schools near 1542 Magnolia Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lafayette Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of HPT Realty, Phong Nguyen, DRE #01417329

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.