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1916 Magnolia Ave, Long Beach, CA 90806
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1916 Magnolia Ave Long Beach, CA 90806

$1,465,000 Sold Price as of 10/08/2022
  • 10 Beds
  • 7 Baths
  • 3,342 Sq.Ft.
Sold
$1,465,000 Sold Price as of 10/08/2022 Refinance Your Mortgage
Map preview of 1916 Magnolia Ave, Long Beach, CA 90806

Property Overview: 1916 Magnolia Ave Long Beach, CA has 10 bedrooms, 7 bathrooms, 3,342 living square feet and 4,146 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Remodeled Units in desirable area of Wrigley! There are 4 units that have been remodeled with all new laminate flooring, new kitchen cabinets with Quartz countertops and new stainless-steel appliances. All new wall furnaces. The windows are newer and most of them have been replaced. The interior and exterior were freshly painted, and new Turf grass was installed in front yard for low maintenance. This is a great opportunity for passive income 4-Plex. There are 5 one-car garages in back with approved plans to convert 4 garages to a 2bd 1ba ADU. Water heaters and electrical outlets are almost new. Built in 1916, the gross building area is appx. 3342 square feet on a 4149 square foot lot. With $6B in development flowing into the City of Long Beach, this is a top beach community and a perfect opportunity for any buyer looking to own a cash flowing asset with upside. Bring Offers!

Listed by Armando Mendoza | BRE #01280264 | Class A Realty Inc.
Co-listed by Jessica Mendoza | BRE #02073273 | Class A Realty Inc.
Last checked: 9 minutes ago | Last updated: November 8th, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
4,146
HOA Dues
$0/mo
Year built
1916
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB22165665
City
Long Beach
County
Los Angeles
Time on Site
660 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,400
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $114,000
  • Net Operating Income: $90,808
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,192
  • Electric: $600
  • Gas/Fuel: $0
  • New Taxes: $18,125
  • Trash: $0
  • Gardener: $600
  • Insurance: $2,122
  • Water/Sewer: $1,745

Property Details for 1916 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, In Kitchen
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Front Yard, Level, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7209032016
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: Magolia Ave.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1916 Magnolia Ave

Last sold for $1,465,000 on October 8th, 2022

  • October, 2022

  • Oct 8, 2022

    Date

    Sold

    CRMLS: SB22165665

    $1,465,000

    Price

  • Jul 27, 2022

    Date

    Active

    CRMLS: SB22165665

    $1,450,000

    Price

  • October, 2021

  • Oct 13, 2021

    Date

    Active

    CRMLS: SB21227141

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Gorgeous Remodeled units in Wrigley. Units have all with new kitchen cabinets, Quartz counter tops, new appliances and all new laminate flooring throughout. The bathrooms were remodeled with new tile flooring, bathtub and vanity. Section 8 Ok. Move in date October 15th, 2021. We have a 2bd 1 ba 1 for $2,100.

  • May, 2021

  • May 23, 2021

    Date

    Sold

    CRMLS: CV20185698

    $935,000

    Price

  • Nov 27, 2020

    Date

    Pending

    CRMLS: CV20185698

    $1,175,000

    Price

  • Oct 3, 2020

    Date

    Active

    CRMLS: CV20185698

    $1,175,000

    Price

  • Listing provided courtesy of CRMLS

    CALLING ALL INVESTORS! INVESTMENT NEEDING SOME TLC. Opportunity to own a 4-Plex that has operated as a sober living facility for 9 years, income has historically been approximately $9,000 to $10,000 a month. Buyers to perform their own financial analysis due to the potential for conversion back to 4-plex or based on the income of sober living facility. Traditional style quadruplex. Kitchens have formica counters, flooring is laminate and tile throughout, baths have tile flooring. There are 4 units (2 beds, 1 bath; 3 beds, 2 baths; 4 beds, 2 baths; 3 beds, 2 baths) that have been converted to fit a sober living facility. This is a great opportunity for passive income either as a continued sober living facility or conversion back to 4-Plex. There are 5 one-car garages in back. Water heaters and electrical outlets are almost new. Built in 1916, the gross building area is appx. 3342 square feet on a 4149 square foot lot. With $6B in development flowing into the City of Long Beach, this is a top beach community and a perfect opportunity for any buyer looking to own a cash flowing asset with upside. Bring Offers! PLEASE FOLLOW ALL COVID-19 GUIDELINES FOR SHOWING.

  • July, 2017

  • Jul 24, 2017

    Date

    Sold

    CRMLS: 03209783

    $400,000

    Price

  • Listing provided courtesy of CRMLS

    6 units, 2 stories w/ 5 parkings..Property has master meter for gas and electricity.Extra income from laundry, $60 a month and$40 a month per parking.Subject to 1031 exchange at no cost to the buyer.

  • March, 2012

  • Mar 9, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2011

  • Nov 28, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1916 Magnolia Ave

Assessed Value (2020): $575,645
Year Land Value Improved Value Assessed Value
2020 $229,698 $345,947 $575,645

Home Value Compared to the Market

This property vs the competition

1916 Magnolia Ave sold on October 8, 2022 for 81.25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $433.87 per/sqft which puts the price per square foot 31.35% lower than the current median sale per square foot for the city of Long Beach.

About 1916 Magnolia Ave

Detailed summary of property

1916 Magnolia Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 3,342 living square feet, and sits on an approximately 4,146 square foot lot. 1916 Magnolia Ave was first listed on ArdentRealEstateGroup.com on July 28, 2022. The homeowner sold the property for $1,465,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 81.25% higher than the current median priced home. Local homes that are currently for sale include 1562 W 31st St, 2123 W Columbia St and 1825 Cherry Ave. While the average home in Long Beach, CA is selling in 51 days, 1916 Magnolia Ave has a days on market of 19 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1916 Magnolia Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1916 Magnolia Ave

Public county record property details
Beds
9
Baths
6
Year built
1916
Sq. Ft.
3,342
Lot Size
4,149
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
23
APN
7209-032-016

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$795,000
Median List Price/Sq.Ft.
$614
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$641
Total Inventory
13
Median Sale to List Price %
101.69%
Avg Days on Market
16
Loan Type
Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 1916 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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