With east freeway access and less than 2 miles to the golden sand of the BEACH and the fun and shops of Rainbow Harbor, these 6 units plus 3 rare garages will keep these units in high demand in perpetuity! Last time these were available, Carter was president! So now is your chance to own the kind of investment the legacy investors rarely divest! Get off the stock market roller coaster and enjoy a yield every single month from your nest egg!
Sold for $1,000,000
Listed by: RE/MAX Select One • Martie Etheridge • Contact: 714-846-3800
Bought with: RE/MAX Select One
$1,000,000
1486 Magnolia Ave, Long Beach, CA 90813
4beds
6baths
3,027sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$330/sqft
$3,879 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,879/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Martie Etheridge DRE #00645855 714-846-3800,
RE/MAX Select One,
Maggie Ureno DRE #01319367 714-962-4443,
RE/MAX Select One
Bought with:
Martie Etheridge, DRE #00645855
RE/MAX Select One
Maggie Ureno, DRE #01319367
RE/MAX Select One
Source: CRMLS,MLS#: OC22205957
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
Appliances
- Included: Dryer, Washer
- Laundry: Common Area, Washer Hookup, Laundry Room
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,027
- Total interior livable area: 3,027 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 3,993 Square Feet
- Features: Corner Lot, No Landscaping, Rectangular Lot, Walkstreet
Details
- Parcel number: 7269040001
- Zoning: LBR4N
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
- Subdivision: ,None
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $1,020,000
- Annual tax amount: $14,098
- Date on market: 9/23/2022
- Cumulative days on market: 388 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 11/2/2023 | Sold | $1,000,000-16.6%$330/sqft |
Source:  CRMLS #OC22205957 Report a problem | ||
| 10/19/2023 | Pending sale | $1,199,000$396/sqft |
Source: CRMLS #OC22205957 Report a problem | ||
| 10/4/2023 | Price change | $1,199,000-7.7%$396/sqft |
Source: CRMLS #OC22205957 Report a problem | ||
| 5/27/2023 | Price change | $1,299,000-7.2%$429/sqft |
Source: CRMLS #OC22205957 Report a problem | ||
| 9/23/2022 | Listed for sale | $1,400,000$463/sqft |
Source: CRMLS #OC22205957 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,098 +4.6% | $1,020,000 +2% |
| 2024 | $13,475 +336.8% | $1,000,000 +508.6% |
| 2023 | $3,085 +5.6% | $164,309 +2% |
| 2022 | $2,921 +3.2% | $161,088 +2% |
| 2021 | $2,831 +0.3% | $157,931 +1% |
| 2020 | $2,823 | $156,313 +2% |
| 2019 | $2,823 +5.9% | $153,249 +2% |
| 2018 | $2,666 | $150,245 +2% |
| 2017 | $2,666 +1.1% | $147,300 +2% |
| 2016 | $2,636 +7.4% | $144,413 +1.5% |
| 2015 | $2,455 +2.6% | $142,244 +2% |
| 2014 | $2,394 | $139,459 +4.5% |
| 2011 | -- | $133,442 +0.8% |
| 2010 | -- | $132,445 -0.2% |
| 2009 | -- | $132,761 +2% |
| 2008 | -- | $130,159 +2% |
| 2007 | -- | $127,608 +2% |
| 2006 | -- | $125,107 |
| 2005 | -- | $125,107 +6% |
| 2003 | -- | $118,048 +2% |
| 2002 | -- | $115,734 +4% |
| 2000 | -- | $111,241 |
Find assessor info on the county website
Neighborhood: Washington School
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Nearby schools
GreatSchools rating
- 3/10Edison Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.2 mi
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- California
- Los Angeles County
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- 90813
- Washington School
- 1486 Magnolia Ave
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