Great Cash-Flow Deal! Located just outside of
booming Downtown Long Beach, 1409 Magnolia Ave
is a well-maintained 6 unit building with a high
yielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,
and (1) 1Bed/1Bath units. The property currently
grosses $13,251/month and operates at a 7.08% CAP
and 10.22 GRM. 1409 Magnolia Ave is the ideal
investment for investor looking for day 1 cash-flow
with significant upside in rental income.
The subject property is located just outside the $6
Billion of development flooding into Downtown LB,
including the Long Beach Civic Center, Long Beach
Aquarium, OceanAire Project, CSULB Project, CSULB
Downtown Village, Broadway Block, the Pacific and
Queen Mary Island. OM in the supplements.
Sold for $1,500,000
Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • Contact: 310-425-9838
Bought with: Lyon Stahl Investment Real Estate, Inc.
$1,500,000
1409 Magnolia Ave #1, Long Beach, CA 90813
14beds
6baths
3,992sqft
Multi Family
Built in 1925
-- sqft lot
$1,632,100 Zestimate®
$376/sqft
$2,313 Estimated rent
Home value
$1,632,100
$1.47M - $1.81M
$2,313/mo
Zestimate® history
Owner options
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$2,313/mo
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$2,313/mo
Rent Zestimate®
Refinance and save
$9,526/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$9,526/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Cameron Samimi DRE #02035763 310-425-9838,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
Cameron Samimi, DRE #02035763
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB24250411
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,992
- Total interior livable area: 3,992 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 4,592 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7271009010
- Zoning: LBIL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $376/sqft
- Date on market: 12/16/2024
- Cumulative days on market: 39 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2025 | Sold | $1,500,000-7.7%$376/sqft |
Source:  CRMLS #SB24250411 Report a problem | ||
| 1/25/2025 | Contingent | $1,625,000$407/sqft |
Source: CRMLS #SB24250411 Report a problem | ||
| 1/2/2025 | Price change | $1,625,000-1.5%$407/sqft |
Source: CRMLS #SB24250411 Report a problem | ||
| 12/16/2024 | Listed for sale | $1,650,000$413/sqft |
Source: CRMLS #SB24250411 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Washington School
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Nearby schools
GreatSchools rating
- 3/10Edison Elementary SchoolGrades: K-5Distance: 0.7 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$1,632,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,632,100
- California
- Los Angeles County
- Long Beach
- 90813
- Washington School
- 1409 Magnolia Ave Unit 1
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