548 Magnolia, Long Beach, CA 90802
548 Magnolia, Long Beach, CA 90802
548 Magnolia, Long Beach, CA 90802
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$1,349,000
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3,467 Sqft Lot
Price Dropped by $100K

548 Magnolia Long Beach, CA 90802

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Power Real Estate Group

Power Real Estate Group

+1(714) 924-3569

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID SB26147859

HOA Y/N No

Year Built 1922

Lot Size 3,467 Sqft

Property Sub-Type Quadruplex

Property Description

548 Magnolia Ave is an exceptional 4-unit investment property located in the heart of Downtown Long Beach. The property features three spacious 1-bedroom units (approximately 1,090 square feet each) and one 2-bedroom unit. Situated in an appreciating neighborhood with increasing demand, this well-maintained and professionally managed asset is ideal for an investor looking for a turnkey property while securing 30-year fixed financing.

Additionally, the property has been meticulously upgraded, reducing the need for substantial capital expenditures. It is a perfect fit for an investor looking for a well-located property with major capital improvements already completed, offering immediate cash flow and future upside potential.

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Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Inside

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

Total Parking Spaces 1

Private Pool No

Building

Lot Description Walkstreet

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7280001005

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Johnny Chacon Buckingham Investments, Inc 323-719-4908, DRE #01966177

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548 Magnolia

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