1940 Magnolia Avenue

Long Beach, CA 90806

$848,500
Last Sold Price
4
Beds
2
Baths
2,110 Sq. Ft.
$402 / Sq. Ft.
2,110
Sq. Ft.
$402
per Sq. Ft.

Description

Great income producing opportunity! Here is your chance to live in one unit and rent the other out to help pay your mortgage! This great duplex in Long Beach consists of one upper and lower unit, each featuring 2 bedrooms, 1 full bathroom, light and bright living room, separate dining area, flowing into a fully-equipped kitchen. There is plenty of storage space to be found too. To top it all off, each unit enjoys its own single car garage. A large yard provides outdoor enjoyment with a shared laundry...Great income producing opportunity! Here is your chance to live in one unit and rent the other out to help pay your mortgage! This great duplex in Long Beach consists of one upper and lower unit, each featuring 2 bedrooms, 1 full bathroom, light and bright living room, separate dining area, flowing into a fully-equipped kitchen. There is plenty of storage space to be found too. To top it all off, each unit enjoys its own single car garage. A large yard provides outdoor enjoyment with a shared laundry room for the two units. Ideally located only minutes from the freeway for easy commuting and blocks from an abundance of shopping, dining and entertainment venues, 2 miles from the Metro station and only 10 minutes away from downtown Long Beach, the convention center, the courthouse, Shoreline Village, the beach and the Pike. What are you waiting for?! Don’t let this opportunity pass you by!
  1. Listed by Costanza Genoese Zerbi • DRE #01941438 • Brokerage DRE #01521930 • Redfin Corporation

Property Details for 1940 Magnolia Avenue

View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2110

Location

Listing Courtesy of Redfin Corporation, Costanza Genoese Zerbi, DRE #01941438

Sold By Zaia Estates, Shannon Paul, DRE #02039030

Add your commute
LISTING UPDATED: 08/29/2023 08:57 AM

Property Details for 1940 Magnolia Avenue

StatusClosed
MLS #PW23119878
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.10 AC / 4,150 SF
CountyLos Angeles County

Location

Listing Courtesy of Redfin Corporation, Costanza Genoese Zerbi, DRE #01941438

Sold By Zaia Estates, Shannon Paul, DRE #02039030

Add your commute

Virtual Tour

Building Information for 1940 Magnolia Avenue

Stories2Residences-Year Built1941Building Size-Lot Size0.10 AC / 4,150 SF

Payment Calculator

$5,021 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,631

Property Taxes

$390

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1940 Magnolia Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 8988
  • Tax Census Tract: 5730.04
  • CFD/Mello-Roos Fee: $457
  • Tax Lot: 20
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Laundry Area, Room
  • Interior Features: Ceiling Fan(s), Tile Counters
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Flooring: Tile, Wood
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 2
  • Improvements Amount: $150,906.00
  • Land Lease: No
  • Land Lease Type: Fee
  • Land Value: $181,087.00
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Electric: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Poly High
  • Builders Tract Code: Poly High (PH)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,067
  • Unit Type Total Rent: $2,067
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 2
  • Number With Refrigerator: 0
  • Number With Carpet: 0
  • Number With Disposal: 0
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 0

Property History for 1940 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 1940 Magnolia Avenue

Taxable ValueLand$184,708Additions$153,924Total$338,632
Tax Record2023$4,683 ($390 / month)
Home Facts
Total Finished SqFt2,110 SqFtAbove Grade Finished SqFt2,110 SqFtLot Size4,150 SqFtStyleDuplexYear Built1941ZoningLBR2NCountyLOS ANGELESAPN7209-032-013

Schools near 1940 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Redfin Corporation, Costanza Genoese Zerbi, DRE #01941438

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.