2421 Magnolia, Long Beach, CA 90806
- $1,200,000
Listing courtesy of Listing Agent: Frank Lynch (fjlynchiv@gmail.com) from Listing Office: Frank Lynch IV,Broker.
- List Price
- $1,200,000
- Status
- Active
- MLS#
- RS26193414
- Year Built
- 1942
- Lot Size
- 6,000
- Lot Location
- 2-5 Units/Acre, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Sprinklers On Side, Street Level
- Days on Market
- 12
- Property Type
- Multifamily
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.
Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Fireplace Description
- Bath, Gas, Kitchen
- Roof
- None
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Terms
- Cash to New Loan, Conventional
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.