1916 Magnolia Avenue
1916 Magnolia Avenue
$935,000
9
7
3,342
3,342
$280
Closed 5/21/21
Description
Calling all investors! Investment needing some tlc. Opportunity to own a 4-Plex that has operated as a sober living facility for 9 years, income has historically been approximately $9,000 to $10,000 a month. Buyers to perform their own financial analysis due to the potential for conversion back to 4-plex or based on the income of sober living facility. Traditional style quadruplex. Kitchens have formica counters, flooring is laminate and tile throughout, baths have tile flooring. There are 4 units...Calling all investors! Investment needing some tlc. Opportunity to own a 4-Plex that has operated as a sober living facility for 9 years, income has historically been approximately $9,000 to $10,000 a month. Buyers to perform their own financial analysis due to the potential for conversion back to 4-plex or based on the income of sober living facility. Traditional style quadruplex. Kitchens have formica counters, flooring is laminate and tile throughout, baths have tile flooring. There are 4 units (2 beds, 1 bath; 3 beds, 2 baths; 4 beds, 2 baths; 3 beds, 2 baths) that have been converted to fit a sober living facility. This is a great opportunity for passive income either as a continued sober living facility or conversion back to 4-Plex. There are 5 one-car garages in back. 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! Please follow all covid-19 guidelines for showing.
- Listed by CLARISSA KAYSER • DRE #01006048 • Brokerage DRE #00777366 • LYONS & ASSOCIATES
Property Details for 1916 Magnolia Avenue
Architectural Style
Traditional
ViewNone
Parking Spaces Total5
Private PoolNo
Cooling TypeNone
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Location
LISTING UPDATED: 01/04/2022 01:56 AM
Property Details for 1916 Magnolia Avenue
Status | Closed |
---|---|
MLS # | CV20185698 |
Days on Market | 51 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1916 |
Lot Size | 0.10 AC / 4,308 SF |
County | Los Angeles County |
Location
Building Information for 1916 Magnolia Avenue
Stories2Residences-Year Built1916Building Size-Lot Size0.10 AC / 4,308 SF
Payment Calculator
$6,701 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1916 Magnolia Avenue
Property History for 1916 Magnolia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1916 Magnolia Avenue
Taxable ValueLand$850,000Additions$615,250Total$1,465,250
Tax Record2023$19,175 ($1,598 / month)
Home Facts
Total Finished SqFt3,342 SqFtAbove Grade Finished SqFt3,342 SqFtLot Size4,150 SqFtStyleQuadraplexYear Built1916ZoningLBR2NCountyLOS ANGELESAPN7209-032-016
Schools near 1916 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.
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