2291 Magnolia Ave, Long Beach, CA 90806
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2291 Magnolia Ave Long Beach, CA 90806

$885,000 Sold Price as of 09/17/2019
  • 6 Beds
  • 3 Baths
  • 3,066 Sq.Ft.
Sold
$885,000 Sold Price as of 09/17/2019 Refinance Your Mortgage

Map preview of 2291 Magnolia Ave, Long Beach, CA 90806

Property Overview: 2291 Magnolia Ave Long Beach, CA has 6 bedrooms, 3 bathrooms, 3,066 living square feet and 6,314 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: There are three separate addresses for this Residential Income property. 2291: 2 bedroom plus den, 1 bath. 2292: 2 bedroom plus den, 1 bath. 2293A: 2 bedroom 1 bath. All separate washer/dryer hook up. 3 garage + parking spaces. Great upside rent potential!

Listed by Augusto Bautista | BRE #00836346 | Home Smart Realty Group
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 62

Home details

Lot Sq. Ft
6,314
HOA Dues
$0/mo
Year built
1930
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19129676
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,670
  • Total Rent: $1,670
  • Pro Forma/Market Rent: $2,126
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,126
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,136
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $57,240
  • Net Operating Income: $55,300
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,940
  • New Taxes: $11,119
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $645
  • Maintenance: $500
  • Water/Sewer: $1,440

Property Details for 2291 Magnolia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • 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: Cross streets hill st & 23rd St
Neighborhood Information
  • Community Features: Storm Drains, Street Lights
View more facts & features

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Sale History for 2291 Magnolia Ave

Last sold for $885,000 on September 17th, 2019
  • September, 2019

  • Sep 17, 2019

    Date

    Sold

    CRMLS: PW19129676

    $885,000

    Price

  • Aug 30, 2019

    Date

    Pending

    CRMLS: PW19129676

    $885,000

    Price

  • Jul 23, 2019

    Date

    Active Under Contract

    CRMLS: PW19129676

    $885,000

    Price

  • Jul 2, 2019

    Date

    Price Change

    CRMLS: PW19129676

    $885,000

    Price

  • Jun 6, 2019

    Date

    Active

    CRMLS: PW19129676

    $895,000

    Price

  • September, 2019

  • Sep 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $885,000

    Price

  • March, 2006

  • Mar 6, 2006

    Date

    Sold (Public Records)

    Public Records

    $729,000

    Price

Show More

Tax History for 2291 Magnolia Ave

Assessed Value (2020): $885,000
Year Land Value Improved Value Assessed Value
2020 $500,000 $385,000 $885,000

Home Value Compared to the Market

This property vs the competition

2291 Magnolia Ave sold on September 17, 2019 for 8.06% 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 $288.65 per/sqft which puts the price per square foot 54.04% lower than the current median sale per square foot for the city of Long Beach.

About 2291 Magnolia Ave

Detailed summary of property

2291 Magnolia Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 6 bedrooms, 3 bathrooms, roughly 3,066 living square feet, and sits on an approximately 6,314 square foot lot. 2291 Magnolia Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $885,000. 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 8.06% higher than the current median priced home. Local homes that are currently for sale include 1339 Peterson Ave, 3409 Walnut Ave and 3409 Walnut Ave. While the average home in Long Beach, CA is selling in 62 days, 2291 Magnolia Ave has a days on market of 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. For more information on this home for sale at 2291 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 2291 Magnolia Ave

Public county record property details
Beds
6
Baths
3
Year built
1930
Sq. Ft.
3,066
Lot Size
6,313
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7202-019-002

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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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.