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2264 Magnolia Ave, Long Beach, CA 90806
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2264 Magnolia Ave Long Beach, CA 90806

$1,650,000
  • 7 Beds
  • 7 Baths
  • 4,437 Sq.Ft.
For Sale
$1,650,000 Get Pre-Qualified
Map preview of 2264 Magnolia Ave, Long Beach, CA 90806

Property Overview: 2264 Magnolia Ave Long Beach, CA has 7 bedrooms, 7 bathrooms, 4,437 living square feet and 6,501 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: Nice Wrigley, Long Beach investment opportunity--seven one bedroom/one bath units with seven garages. Long term tenants with room to raise rents. This property has been in the family since 1966.

Listed by W. Kurt Wood | BRE #00452182 | Belmont Brokerage & Mgmt. INC.
Last checked: 15 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft
6,501
HOA Dues
$0/mo
Year built
1966
Garage
7 Car
Property Type:
Apartment
Status
Active
MLS#
PW24178926
City
Long Beach
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,485
  • Total Rent: $1,485
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,480
  • Total Rent: $1,480
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,278
  • Total Rent: $1,278
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,585
  • Total Rent: $1,585
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,044
  • Total Rent: $1,044
  • Pro Forma/Market Rent: $1,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $109,664
  • Net Operating Income: $0
  • Gross Operating Income: --
  • Gross Spendable Income: $109,664
  • # of Rented Garages: 3
  • Garage Rental Rate: $50
  • Garage Rental Income: $2,400
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 2264 Magnolia Ave

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Property Details for 2264 Magnolia Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7205024004
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: West of Pine, North of Hill St.
Neighborhood Information
  • Community Features: Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 2264 Magnolia Ave

View property's historical transactions

  • August, 2024

  • Aug 28, 2024

    Date

    Active

    CRMLS: PW24178926

    $1,650,000

    Price

  • July, 2024

  • Jul 1, 2024

    Date

    Expired

    CRMLS: PW24017361

    $1,650,000

    Price

  • Jan 28, 2024

    Date

    Active

    CRMLS: PW24017361

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    Wrigley, Long Beach Investment opportunity--seven one bedroom/one bath units with seven garages. Long term tenants with room to raise rents. This property has been in the family since it was built in 1966. 14.4 GRM at current rents, however, GRM goes down to 11.5 on market rents.

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Tax History for 2264 Magnolia Ave

Assessed Value (2020): $190,705
Year Land Value Improved Value Assessed Value
2020 $49,742 $140,963 $190,705

Home Value Compared to the Market

This property vs the competition

2264 Magnolia Ave is listed 111.54% 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 $371.87 per/sqft which puts the price per square foot 42.43% lower than the median price per square foot for the city of Long Beach.

About 2264 Magnolia Ave

Detailed summary of property

2264 Magnolia Ave is a apartment located in Long Beach, CA 90806 and is currently for sale. This apartment offers 7 bedrooms, 7 bathrooms, roughly 4,437 living square feet, and sits on an approximately 6,501 square foot lot. 2264 Magnolia Ave was first listed on ArdentRealEstateGroup.com on August 28, 2024. The homeowner is currently asking $1,650,000. 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 111.54% higher than the median priced home. Local competing homes currently for sale include 801 Atlantic Ave, 1000 E 10th St and 1052 E 5th St. While the average home in Long Beach, CA is selling in 62 days, 2264 Magnolia Ave has a days on market of 4 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 2264 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 2264 Magnolia Ave

Public county record property details
Beds
--
Baths
7
Year built
1966
Sq. Ft.
4,437
Lot Size
6,500
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7205-024-004

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%)

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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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