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Address
1160 Magnolia Avenue Long Beach, CA
Price
$ 950,000
Property Attributes
  • MLS#CV19140840
  • TypePending
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • NeighborhoodWillmore District
  • Zip90813
  • Style
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2478
  • Lot Size5,523 SqFt
Listing Provided Courtesy Of:
MICHAEL JACOBS with NAI CAPITAL, INC..
Property Description

We are pleased to present 1160 Magnolia Avenue, a four unit apartment building located in the City of Long Beach, California. Built in 1920, the property is situated on a 5,523 square foot lot zoned LBPD10 near the intersection of Magnolia Avenue and N Loma Vista Drive. The property consists of one two bedroom, one bathroom unit with a den, one one bedroom, one bathroom unit with a den and two studio units. With access to the property from Magnolia Avenue and Loma Vista Drive, the property boasts a driveway capable of tandem parking three cars. All the units are individually metered for electricity and gas. Located in the historic Wilmore area of town, this property boasts convenient access to the 710 freeway and all of downtown Long Beach. City dollars have been flowing in the Wilmore area creating soccer, basketball, and skateboarding recreation zones. Located in a strong rental market in Long Beach, the city continues to progress forward and is currently experiencing major redevelopment. The Long Beach Port is currently undergoing 4.4 billion in future redevelopments, creating 14,000 new and permanent jobs in Southern California. Highlights: -Recent Renovations: 2 of 4 units completely renovated, two brand new electric water heaters, brand new exterior woodwork and paint, and newly installed turf -Value-Add: A new investor has the opportunity to capitalize on the strong rental demand in the area and bring the two studio units up to market -Opportunity Zone

Price History
6/14/2019 Listed $950,000

General Features

Attached Structure Attached
Community Features Biking, Urban
Directions Exit the 710 freeway at Atlantic Avenue heading east. Make a right on Magnolia and
Listagentaor Citrus Valley
Listing Agent MICHAEL JACOBS - BRE#01979550
Listing Agent State License 01979550
MLS Area 4 - Downtown Area, Alamitos Beach
Price Per Square Foot 383.37
Property Attached Y/N Yes
Source System CRMLS
Subdivision Name Willmore District (WM)
Subdivision Name Willmore District (WM)
Total Units 4
Zoning LBPD10

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Laundry Features None
Studio Area Unit Type Square Feet

Exterior Features

Special Listing Conditions Standard
Building Area Total 2478.00
Carport Spaces 1.00
Garage Spaces 0.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1268
Lot Size Area 5524.0000
Lot Size Source Assessor
Lot Size Square Feet 5524.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Pool Features None
Sewer Public Sewer
Total Parking 1.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90813

Price
AVG $1.14M
$950K
Visits
AVG 35
11
Year Built
AVG 1943
1920
Walkscore
AVG 88
85
Data Provided by Walkscore ® not using MLS data

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