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1486 Magnolia Ave, Long Beach, CA 90813
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1486 Magnolia Ave Long Beach, CA 90813

$1,000,000 Sold Price as of 11/02/2023
  • 4 Beds
  • 4.5 Baths
  • 3,027 Sq.Ft.
Sold
$1,000,000 Sold Price as of 11/02/2023 Refinance Your Mortgage
Map preview of 1486 Magnolia Ave, Long Beach, CA 90813

Property Overview: 1486 Magnolia Ave Long Beach, CA has 4 bedrooms, 4.5 bathrooms, 3,027 living square feet and 3,993 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: With east freeway access and less than 2 miles to the golden sand of the BEACH and the fun and shops of Rainbow Harbor, these 6 units plus 3 rare garages will keep these units in high demand in perpetuity! Last time these were available, Carter was president! So now is your chance to own the kind of investment the legacy investors rarely divest! Get off the stock market roller coaster and enjoy a yield every single month from your nest egg!

Listed by Martie Etheridge | BRE #00645855 | RE/MAX Select One
Co-listed by Maggie Ureno | BRE #01319367 | RE/MAX Select One
Last checked: 12 minutes ago | Last updated: November 4th, 2023 | Source CRMLS | DOM: 388

Home details

Lot Sq. Ft
3,993
HOA Dues
$0/mo
Year built
1940
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22205957
City
Long Beach
County
Los Angeles
Time on Site
727 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 6
  • # of Water Meters: 7
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $650
  • Total Rent: $650
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $815
  • Total Rent: $815
  • Pro Forma/Market Rent: $950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $605
  • Total Rent: $605
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $980
  • Total Rent: $980
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $715
  • Total Rent: $715
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $55,176
  • Net Operating Income: $36,374
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $18,802
  • Electric: $1,790
  • New Taxes: $2,827
  • Trash: $2,100
  • Gardener: $0
  • Insurance: $2,684
  • Professional Management: $2,700
  • Water/Sewer: $2,222

Property Details for 1486 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Individual Room, Washer Hookup, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Corner Lot, Rectangular Lot, No Landscaping, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 7269040001
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: None
  • Directions: on Magnolia between PCH and W Anaheim, on the east side of the street right on the corner with 15th. One of the units has a house number toward 15th St.
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1486 Magnolia Ave

Last sold for $1,000,000 on November 2nd, 2023

  • November, 2023

  • Nov 2, 2023

    Date

    Sold

    CRMLS: OC22205957

    $1,000,000

    Price

  • Sep 23, 2022

    Date

    Active

    CRMLS: OC22205957

    $1,400,000

    Price

Tax History for 1486 Magnolia Ave

Assessed Value (2020): $156,313
Year Land Value Improved Value Assessed Value
2020 $48,434 $107,879 $156,313

Home Value Compared to the Market

This property vs the competition

1486 Magnolia Ave sold on November 2, 2023 for 46.4% 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 $396.1 per/sqft which puts the price per square foot 36.93% lower than the current median sale per square foot for the city of Long Beach.

About 1486 Magnolia Ave

Detailed summary of property

1486 Magnolia Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 4 bedrooms, 4.5 bathrooms, roughly 3,027 living square feet, and sits on an approximately 3,993 square foot lot. 1486 Magnolia Ave was first listed on ArdentRealEstateGroup.com on September 23, 2022. The homeowner sold the property for $1,000,000. 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 46.4% higher than the current median priced home. Local homes that are currently for sale include 1132 E Arcadia Court, 1125 E 17th St and 1339 Peterson Ave. While the average home in Long Beach, CA is selling in 62 days, 1486 Magnolia Ave has a days on market of 388 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 1486 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 1486 Magnolia Ave

Public county record property details
Beds
4
Baths
6
Year built
1940
Sq. Ft.
3,027
Lot Size
3,992
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7269-040-001

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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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1486 Magnolia Ave

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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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