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1930 Magnolia Ave, Long Beach, CA 90806
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1930 Magnolia Ave Long Beach, CA 90806

$950,000
  • 4 Beds
  • 5 Baths
  • 2,379 Sq.Ft.
For Sale
$950,000 Get Pre-Qualified
Map preview of 1930 Magnolia Ave, Long Beach, CA 90806

Property Overview: 1930 Magnolia Ave Long Beach, CA has 4 bedrooms, 5 bathrooms, 2,379 living square feet and 4,061 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This property features 4 units, two 1 bed 1 bath, one 2 bed 1 bath over the garages and one studio unit. The Title shows 5 total units and the owner purchased it in the current configuration with a converted garage storage unit (vacant). Otherwise the building is fully rented with long-term tenants that have a history of on-time payments providing stability and an upside for market rents. Don't miss this opportunity! THE PROPERTY IS SELLING AS-IS AT THIS PRICE.

Listed by Nat Ferguson | BRE #01387196 | Splash Real Estate
Last checked: 4 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
4,061
HOA Dues
$0/mo
Year built
1936
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24114293
City
Long Beach
County
Los Angeles
Time on Site
14 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,538
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $750
  • Total Rent: $825
  • Pro Forma/Market Rent: $1,226
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $48,900
  • Net Operating Income: $48,900
  • Gross Operating Income: --
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $276
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,831
  • Professional Management: $0
  • Water/Sewer: $1,522

Open Houses for 1930 Magnolia Ave

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Property Details for 1930 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
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
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7209032014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: PCH west, turn right on Magnolia
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Long Beach Agent

Sale History for 1930 Magnolia Ave

View property's historical transactions

  • September, 2024

  • Sep 12, 2024

    Date

    Active

    CRMLS: PW24114293

    $950,000

    Price

Tax History for 1930 Magnolia Ave

Assessed Value (2020): $343,152
Year Land Value Improved Value Assessed Value
2020 $137,257 $205,895 $343,152

Home Value Compared to the Market

This property vs the competition

1930 Magnolia Ave is listed 21.79% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $399.33 per/sqft which puts the price per square foot 38.18% lower than the median price per square foot for the city of Long Beach.

About 1930 Magnolia Ave

Detailed summary of property

1930 Magnolia Ave is a fourplex located in Long Beach, CA 90806 and is currently for sale. This fourplex offers 4 bedrooms, 5 bathrooms, roughly 2,379 living square feet, and sits on an approximately 4,061 square foot lot. 1930 Magnolia Ave was first listed on ArdentRealEstateGroup.com on September 4, 2024. The homeowner is currently asking $950,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 21.79% higher than the median priced home. Local competing homes currently for sale include 1010 Lime Ave, 1125 E 17th St and 1039 E 10th St. While the average home in Long Beach, CA is selling in 62 days, 1930 Magnolia Ave has a days on market of 1 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 1930 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 1930 Magnolia Ave

Public county record property details
Beds
5
Baths
4
Year built
1936
Sq. Ft.
2,379
Lot Size
4,066
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7209-032-014

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
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home

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Long Beach Agent
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(714) 706-1823

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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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