429 Magnolia Avenue
429 Magnolia Avenue
$1,300,000
5
6
4,032
4,032
$322
Closed 11/27/20
Description
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....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.
- Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap
- Listed by Ryan Gonzalez • DRE #01874815 • Brokerage DRE #00530854 • Marcus & Millichap
Property Details for 429 Magnolia Avenue
Parking Spaces Total
0
Private PoolNo
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4032
Assessor Parcel Number7278-026-013
Property Attached YNtrue
Location
LISTING UPDATED: 11/30/2020 01:34 AM
Property Details for 429 Magnolia Avenue
Status | Closed |
---|---|
MLS # | PW19271304 |
Days on Market | 252 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1913 |
Lot Size | 0.20 AC / 8,710 SF |
County | Los Angeles County |
Location
Building Information for 429 Magnolia Avenue
Stories-Residences-Year Built1913Building Size-Lot Size0.20 AC / 8,710 SF
Payment Calculator
$8,593 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 429 Magnolia Avenue
Property History for 429 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 429 Magnolia Avenue
Taxable ValueLand$879,138Additions$473,382Total$1,352,520
Tax Record2023$17,971 ($1,498 / month)
Home Facts
Total Finished SqFt4,032 SqFtAbove Grade Finished SqFt4,032 SqFtLot Size8,710 SqFtStyleMulti-Family Res (5+ Units)Year Built1913ZoningLBPD30CountyLOS ANGELESAPN7278-026-013
Schools near 429 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 |
---|---|---|
Chavez Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Renaissance High School For The Arts 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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