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548 Magnolia Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Four large units with fireplaces and in-unit laundry rooms.
- Walking distance to downtown Long Beach attractions and amenities.
- High-demand rental area with strong occupancy trends.
Executive Summary
This four-unit multifamily property offers a rare opportunity in the heart of Long Beach’s downtown district. Featuring a total of eight bedrooms and four bathrooms across 4,364 square feet, each spacious unit measures approximately 1,100 square feet and includes laundry rooms and fireplaces. Recent updates such as newer exterior paint and windows enhance its appeal and reduce immediate capital expenditure for a new owner.
Ideally positioned near Pine Square, local retail, and employment centers, the property benefits from excellent walkability and robust transit access. Proximity to major freeways further adds commuter convenience, while nearby shopping and amenities strengthen tenant demand. The asset’s established tenant base and historically low turnover make this acquisition an attractive option for buyers seeking steady income and long-term appreciation in a desirable urban corridor.
Ideally positioned near Pine Square, local retail, and employment centers, the property benefits from excellent walkability and robust transit access. Proximity to major freeways further adds commuter convenience, while nearby shopping and amenities strengthen tenant demand. The asset’s established tenant base and historically low turnover make this acquisition an attractive option for buyers seeking steady income and long-term appreciation in a desirable urban corridor.
Property Facts
| Price Per Unit | $362,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 4 | Building Size | 4,364 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1922 |
| Apartment Style | Low-Rise | ||
| Zoning | LBPD30 - Downtown Plan Planned Development District | ||
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,364 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | LBPD30 - Downtown Plan Planned Development District |
Property Taxes
| Parcel Number | 7280-001-005 | Improvements Assessment | $338,886 |
| Land Assessment | $508,333 | Total Assessment | $847,219 |
Property Taxes
Parcel Number
7280-001-005
Land Assessment
$508,333
Improvements Assessment
$338,886
Total Assessment
$847,219
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