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2140 Magnolia Ave
Long Beach, CA 90806
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Value-Add Opportunity With 46 Percent Potential Upside in Rents
- Property Features Owned Laundry Machines and Eight Single-Car Garages
- Property Consists of Two Six-Unit Buildings With All One-Bedroom/One-Bath Units
- Major Recent Improvements Include a New Roof on of the Buildings, Some Copper Plumbing, and Updated Electrical
Property Facts
| No. Units | 12 | Lot Size | 0.29 AC |
| Property Type | Multifamily | Building Size | 8,404 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 0.95/1,000 SF |
| Zoning | LBR2N | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,404 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | LBR2N |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,125 | - |
Property Taxes
| Parcel Number | 7205-025-026 | Improvements Assessment | $1,523,880 |
| Land Assessment | $822,120 | Total Assessment | $2,346,000 |
Property Taxes
Parcel Number
7205-025-026
Land Assessment
$822,120
Improvements Assessment
$1,523,880
Total Assessment
$2,346,000
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