Search
1542 Magnolia Ave, Long Beach, CA 90813
Image 2 for 1542 Magnolia Ave, Long Beach, CA 90813
Image 3 for 1542 Magnolia Ave, Long Beach, CA 90813
View Photos

1542 Magnolia Ave Long Beach, CA 90813

$915,000 Sold Price as of 11/23/2022
  • 7 Beds
  • 5 Baths
  • 1,786 Sq.Ft.
Sold
$915,000 Sold Price as of 11/23/2022 Refinance Your Mortgage
Map preview of 1542 Magnolia Ave, Long Beach, CA 90813

Property Overview: 1542 Magnolia Ave Long Beach, CA has 7 bedrooms, 5 bathrooms, 1,786 living square feet and 2,393 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Prime location !! providing a Fantastic opportunities for owner-user this 4 plex two story building consists of 4 units (1) 4 bed, 2 bath (3) 1 bed, 1bath each units are separately metered for gas & electricity. All long term tenants. The building has 1 attached car garage and 4 parking spaces. New owner will enjoy living in a coastal city of Southern California. Close proximity to Downtown Long Beach with plenty of public transportation, close access to 710 Fwy. The beach parks with many amenities and attraction are just minutes away. Long Beach city is in a Renaissance revival due to hundreds of millions of dollars invested in private and public redevelopments. A strong & growing local economy with good employment. This building makes an ideal addition to an investor portfolio. A must see.

Listed by Phong Nguyen | BRE #01417329 | HPT Realty
Last checked: 4 minutes ago | Last updated: November 24th, 2022 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft
2,393
HOA Dues
$0/mo
Year built
1952
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22113887
City
Long Beach
County
Los Angeles
Time on Site
845 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $965
  • Total Rent: $965
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $56,280
  • Net Operating Income: $40,857
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $15,423
  • Licenses: $604
  • Trash: $0
  • Insurance: $1,304
  • Maintenance: $3,600
  • Water/Sewer: $1,972

Property Details for 1542 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Interior Features
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7269038032
  • 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
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: Pacific Coast Hwy/ Magnolia Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1542 Magnolia Ave

Last sold for $915,000 on November 23rd, 2022

  • November, 2022

  • Nov 23, 2022

    Date

    Sold

    CRMLS: OC22113887

    $915,000

    Price

  • May 27, 2022

    Date

    Active

    CRMLS: OC22113887

    $975,000

    Price

  • June, 2016

  • Jun 2, 2016

    Date

    Sold (Public Records)

    Public Records

    $540,000

    Price

  • June, 2012

  • Jun 14, 2012

    Date

    Sold (Public Records)

    Public Records

    $237,000

    Price

Show More

Tax History for 1542 Magnolia Ave

Assessed Value (2020): $584,511
Year Land Value Improved Value Assessed Value
2020 $216,485 $368,026 $584,511

Home Value Compared to the Market

This property vs the competition

1542 Magnolia Ave sold on November 23, 2022 for 16% 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 $531.91 per/sqft which puts the price per square foot 15.3% lower than the current median sale per square foot for the city of Long Beach.

About 1542 Magnolia Ave

Detailed summary of property

1542 Magnolia Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 7 bedrooms, 5 bathrooms, roughly 1,786 living square feet, and sits on an approximately 2,393 square foot lot. 1542 Magnolia Ave was first listed on ArdentRealEstateGroup.com on May 28, 2022. The homeowner sold the property for $915,000. 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 16% higher than the current median priced home. Local homes that are currently for sale include 1824-1826 W Canton St, 2030 E Spaulding Way and 1746 E Florida St. While the average home in Long Beach, CA is selling in 62 days, 1542 Magnolia Ave has a days on market of 115 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 1542 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 1542 Magnolia Ave

Public county record property details
Beds
8
Baths
5
Year built
1952
Sq. Ft.
1,786
Lot Size
2,393
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14,15
APN
7269-038-032

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?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1542 Magnolia Ave

Nearby Homes for Sale

1930 Magnolia Ave, Long Beach, CA 90806
$950,000
4 Beds
5 Baths
2379 Sq.Ft.
1930 Magnolia Ave
Long Beach, CA 90806
2000 Pacific Ave, Long Beach, CA 90806
$939,000
7 Beds
3 Baths
1377 Sq.Ft.
2000 Pacific Ave
Long Beach, CA 90806
340 E 19th St, Long Beach, CA 90806
$949,888
5 Beds
3 Baths
1620 Sq.Ft.
340 E 19th St
Long Beach, CA 90806
229 W 8th St, Long Beach, CA 90813
$950,000
4 Beds
0 Baths
2039 Sq.Ft.
229 W 8th St
Long Beach, CA 90813
702 Cedar Ave, Long Beach, CA 90813
$859,000
0 Beds
3 Baths
2557 Sq.Ft.
702 Cedar Ave
Long Beach, CA 90813
2223 Locust, Long Beach, CA 90806
$1,049,900
5 Beds
3 Baths
3034 Sq.Ft.
2223 Locust
Long Beach, CA 90806
321 E 9th St, Long Beach, CA 90813
$739,900
4 Beds
2 Baths
1368 Sq.Ft.
321 E 9th St
Long Beach, CA 90813
401 E 21st St, Long Beach, CA 90806
$850,000
5 Beds
3 Baths
1814 Sq.Ft.
401 E 21st St
Long Beach, CA 90806
1039 E 10th St, Long Beach, CA 90813
$994,000
4 Beds
0 Baths
2036 Sq.Ft.
1039 E 10th St
Long Beach, CA 90813
1125 E 17th St, Long Beach, CA 90813
$950,000
6 Beds
3 Baths
2288 Sq.Ft.
1125 E 17th St
Long Beach, CA 90813
1339 Peterson Ave, Long Beach, CA 90813
$999,000
12 Beds
3 Baths
1516 Sq.Ft.
1339 Peterson Ave
Long Beach, CA 90813
1348 E Wesley Dr, Long Beach, CA 90806
$799,000
3 Beds
2 Baths
1547 Sq.Ft.
1348 E Wesley Dr
Long Beach, CA 90806

Recently Sold Homes Near 1542 Magnolia Ave

1526 Magnolia Ave, Long Beach, CA 90813
$1,195,887 Last Sold Price
5 Beds
4 Baths
2418 Sq.Ft.
1526 Magnolia Ave
Long Beach, CA 90813
1518 Magnolia Ave, Long Beach, CA 90813
$1,325,000 Last Sold Price
8 Beds
5 Baths
3068 Sq.Ft.
1518 Magnolia Ave
Long Beach, CA 90813
1500 Magnolia Ave, Long Beach, CA 90813
$860,000 Last Sold Price
8 Beds
5 Baths
2634 Sq.Ft.
1500 Magnolia Ave
Long Beach, CA 90813
1524 Henderson Ave, Long Beach, CA 90813
$1,200,000 Last Sold Price
4 Beds
4 Baths
-- Sq.Ft.
1524 Henderson Ave
Long Beach, CA 90813

Related Resources to 1542 Magnolia Ave

New Listings in 90813
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote