1604 Magnolia Ave Long Beach, CA 90813

$1,065,000 Sold Price as of 08/07/2017

4 Beds
8 Baths
3,428 Sq.Ft.

Off Market

$1,065,000 Sold Price as of 08/07/2017 Refinance Your Mortgage

Map preview of 1604 Magnolia Ave, Long Beach, CA 90813

Property Overview: 1604 Magnolia Ave Long Beach, CA has 4 bedrooms, 8 bathrooms, 3,428 living square feet and 3,650 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1604 Magnolia Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $780,000. The median price per/sqft for Long Beach is $646. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $156,000 for the down payment and will need roughly $15,600 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1604 Magnolia Ave

Last sold for $1,065,000 on August 7th, 2017

August, 2017
Aug 7, 2017

Date

Sold

CRMLS: OC17138441

$1,080,000

Price
Jul 6, 2017

Date

Pending

CRMLS: OC17138441

$1,075,000

Price
Jun 19, 2017

Date

Active

CRMLS: OC17138441

$1,075,000

Price
Listing provided courtesy of CRMLS

Magnolia Arms Apartments, an 8 unit apartment building located minutes from Downtown Long Beach. Located at 1604 Magnolia Avenue, this investment presents a stable, low expense, turn-key opportunity with a 9.15% total return on the current income. The subject property consists of seven studio units and one 1 bedroom/ 1 bathroom unit. The building was recently extensively renovated and upgraded. Some of the upgrades include but are not limited to; new paint, new exterior stairways, new garage doors, new water heater, new appliances, new floors, and updated bathrooms and kitchens. There is also a new on-site laundry room for tenants convenience and separate meters for gas and electricity.

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August, 2017
Aug 7, 2017

Date

Sold (Public Records)

Public Records

$1,065,000

Price
April, 2017
Apr 26, 2017

Date

Sold (Public Records)

Public Records

$495,000

Price

Tax History for 1604 Magnolia Ave

Assessed Value (2020): $1,108,546

Year	Land Value	Improved Value	Assessed Value
2020	$312,120	$796,426	$1,108,546

About 1604 Magnolia Ave

Detailed summary of property

1604 Magnolia Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90813 and last sold on August 7, 2017 for $1,065,000. This property has 4 bedrooms, 8 bathrooms, roughly 3,428 living square feet, and sits on an approximately 3,650 square foot lot. Homes 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 30.04% higher than the current median priced home. 1604 Magnolia Ave was last sold on August 7, 2017 for $1,065,000. Local nearby listings include 800 Pacific Ave #205, 800 Pacific Ave #200 and 735 Cedar Ave #15. The average home in Long Beach, CA is selling in 62 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. If you are the homeowner and looking to sell the home at 1604 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 1604 Magnolia Ave

Public county record property details

Beds: 4
Baths: 8
Year built: 1928
Sq. Ft.: 3,428
Lot Size: 3,650
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9,10
APN: 7269-038-005

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

Median Sale to List Price %

99.02%

Avg Days on Market

Loan Type

Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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