2535 Magnolia Ave

Long Beach, CA 90806
Property listed by BHHS CA Properties, Shereen El Husseini 714-463-5140
$1,350,000
Exceptional Turnkey Fourplex Investment in the Heart of Long Beach! Welcome to 2535 Magnolia Ave, a rare opportunity to own a beautifully maintained and income-producing fourplex in one of Long Beach's most convenient and desirable locations. Currently operating as successful furnished mid-term rentals, this property offers immediate cash flow and outstandingRead MoreRead Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
Quadruplex
Lot Size
0.14 Acres
Year Built
1942
MLS Number
PW26121782
Property Location Map
Additional Details
Building
Built in 1942, 1 building, 2 stories, Entry level: 1, Entry location: front
Community
Urban
Cooling
CentralAir
Expenses
Gardener: $1,200, Operating: $4,000, Trash: $1,500
Floors
Carpet, Laminate
Garage
4 spaces
Heating
Central
Home Owner's Association
Association Fee: $0
Income
Gross Income: $115,000, Gross ScheduledIncome: $115,000, Net Operating Income: $111,000
Laundry
CommonArea
Lot
0.1405 acres, TwoToFiveUnitsAcre
Parking
4 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7202022013, Tax Block: 6, Lot: 24
Tenant Pays
AllUtilities
Utilities
ElectricityConnected, NaturalGasConnected, WaterConnected, Water Source: Public, 5 separate electric meters, 5 separate gas meters, 5 separate water meters
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Monthly Payment
$0
Kathy Zajac
Broker
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.