1409 Magnolia Ave | Long Beach, CA 90813
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1409 Magnolia Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Day 1 cash-flow - Will operate at a 10.00 GRM and 7.31% CAP Rate
- Located in the booming city of Long Beach
- High yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath, (1) 1Bed/1Bath
- Tons of parking available for all tenants
Property Facts
| No. Units | 6 | Building Size | 3,992 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | Parking Ratio | 2.75/1,000 SF |
| Building Class | C | Cross Streets | 14th St N |
| Lot Size | 0.13 AC | ||
| Zoning | LBIL - Industrial District | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,992 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 2.75/1,000 SF |
| Cross Streets | 14th St N |
| Zoning | LBIL - Industrial District |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
Property Taxes
| Parcel Numbers | Improvements Assessment | $909,240 | |
| Land Assessment | $627,807 | Total Assessment | $1,537,047 |
Property Taxes
Parcel Numbers
Land Assessment
$627,807
Improvements Assessment
$909,240
Total Assessment
$1,537,047
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