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1114 Magnolia Ave, Long Beach, CA 90813
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1114 Magnolia Ave Long Beach, CA 90813

$1,280,000 Sold Price as of 08/03/2021
  • 11 Beds
  • 5 Baths
  • 4,804 Sq.Ft.
Sold
$1,280,000 Sold Price as of 08/03/2021 Refinance Your Mortgage
Map preview of 1114 Magnolia Ave, Long Beach, CA 90813

Property Overview: 1114 Magnolia Ave Long Beach, CA has 11 bedrooms, 5 bathrooms, 4,804 living square feet and 9,100 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present the Magnolia Apartments. This property is composed of 2 separate buildings on a large 9,100 SF lot. The front house is a large Craftsman style 3 Bed / 1 Bath front house with a detached triplex in the rear which boasts a strong unit mix of one 4 Bed / 2 Bath unit, and two 2 Bed / 1 Bath units making it a perfect property for an owner user. Located in a parking impacted area, the Wilmore Apartments has 6 off-street parking spots making this property very attractive to the Long Beach tenant base. All units are sub metered for gas and electricity. Located just 10 mins North of Downtown Long Beach and the Pike with direct access to the 710, 90813 is the second most walkable zip code in Long Beach with a Walk Score of 89.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Co-listed by Caleb Baldwin | BRE #02056751 | Sage Real Estate
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
9,100
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PW21107914
City
Long Beach
County
Los Angeles
Time on Site
1214 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $995
  • Total Rent: $995
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.35%
  • Gross Rent Multiplier: 20.45
  • Gross Scheduled Income: $62,340
  • Net Operating Income: $42,763
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,557
  • Licenses: $415
  • New Taxes: $15,938
  • Trash: $0
  • Insurance: $1,215
  • Water/Sewer: $1,989

Property Details for 1114 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Good Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Driveway, Paved, Shared Driveway
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7272004014
  • Year Built Source: Appraiser
  • Architectural Style: Craftsman
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Willmore District (WM)
  • Directions: From the 710, head east on PCH until you get to Magnolia, then head south on Magnolia and the property will be on your Left.
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1114 Magnolia Ave

Last sold for $1,280,000 on August 3rd, 2021

  • August, 2021

  • Aug 4, 2021

    Date

    Sold

    CRMLS: PW21107914

    $1,280,000

    Price

  • Aug 2, 2021

    Date

    Pending

    CRMLS: PW21107914

    $1,275,000

    Price

  • Jun 7, 2021

    Date

    Active Under Contract

    CRMLS: PW21107914

    $1,275,000

    Price

  • May 24, 2021

    Date

    Active

    CRMLS: PW21107914

    $1,275,000

    Price

  • November, 2002

  • Nov 25, 2002

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

  • March, 2002

  • Mar 1, 2002

    Date

    Sold (Public Records)

    Public Records

    $290,000

    Price

Show More

Tax History for 1114 Magnolia Ave

Assessed Value (2020): $503,225
Year Land Value Improved Value Assessed Value
2020 $312,532 $190,693 $503,225

Home Value Compared to the Market

This property vs the competition

1114 Magnolia Ave sold on August 3, 2021 for 55.68% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $265.4 per/sqft which puts the price per square foot 57.74% lower than the current median sale per square foot for the city of Long Beach.

About 1114 Magnolia Ave

Detailed summary of property

1114 Magnolia Ave is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 11 bedrooms, 5 bathrooms, roughly 4,804 living square feet, and sits on an approximately 9,100 square foot lot. 1114 Magnolia Ave was first listed on ArdentRealEstateGroup.com on May 25, 2021. The homeowner sold the property for $1,280,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 55.68% higher than the current median priced home. Local homes that are currently for sale include 2223 Locust, 1132 E Arcadia Court and 436 Gaviota Ave. While the average home in Long Beach, CA is selling in 62 days, 1114 Magnolia Ave has a days on market of 13 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1114 Magnolia Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1114 Magnolia Ave

Public county record property details
Beds
11
Baths
5
Year built
1921
Sq. Ft.
4,804
Lot Size
9,099
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7272-004-014

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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