548 Magnolia Ave 4 Unit Apartment Building $1,450,000 ($362,500/Unit) Long Beach, CA 90802

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.