Sold for $3,725,000

Listed by: GTS REALTY • TALIB HASAN • Contact: 323-496-9563

Bought with: NorthMarq Realty Services, Inc

$3,725,000

2076 Magnolia Ave, Long Beach, CA 90806

12beds

21baths

13,944sqft

Multi Family

Built in 1958

-- sqft lot

$-- Zestimate^®

$267/sqft

$4,873 Estimated rent

Home value

Not available

Estimated sales range

Not available

$4,873/mo

Zestimate^® history

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$23,486/mo

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$23,486/mo

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What's special

This well maintained property is located in a very nice and quiet section of Long Beach. The property offers three buildings with a total of twenty-two units. There are (2) two-bedroom/2-bath units, (8) one-bedroom/1-bath units, and (12) studio/one-bath units. This is a great investment opportunity. Also known as: 2070, 2072, 2076, and 2080 Magnolia Ave, Long Beach, CA 90806

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 21

Cooling

Central Air

Appliances

Laundry: Common Area

Features

Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 13,944
Total interior livable area: 13,944 sqft

Property

Parking

Total spaces: 15
Parking features: Garage
Garage spaces: 15

Features

Levels: Two
Stories: 2
Entry location: Front/Back
Pool features: None

Lot

Size: 0.44 Acres
Features: 21-25 Units/Acre

Details

Parcel number: 7209031002
Zoning: LBR2N
Special conditions: Standard,Trust

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Location

Region: Long Beach

Financial & listing details

Price per square foot: $267/sqft
Tax assessed value: $3,799,500
Annual tax amount: $52,766
Date on market: 11/28/2023
Cumulative days on market: 62 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Cal Vet Loan,FHA,VA Loan
Total actual rent: 331800

Price history

Date	Event	Price
5/1/2024	Sold	$3,725,000-19%$267/sqft
Source: CRMLS #IN23212180 Report a problem
2/3/2024	Pending sale	$4,600,000$330/sqft
Source: CRMLS #IN23212180 Report a problem
11/28/2023	Listed for sale	$4,600,000+13.6%$330/sqft
Source: CRMLS #IN23212180 Report a problem
7/20/2020	Listing removed	$1,150
Source: Beach Front Property Management Report a problem
7/2/2020	Listed for rent	$1,150
Source: Beach Front Property Management Report a problem
10/17/2019	Listing removed	$1,150
Source: Zillow Rental Manager Report a problem
9/18/2019	Listed for rent	$1,150
Source: Beach Front Property Management Report a problem
6/22/2019	Listing removed	$1,150
Source: Zillow Rental Manager Report a problem
6/7/2019	Listed for rent	$1,150
Source: Zillow Rental Manager Report a problem
2/3/2017	Sold	$4,050,000+118.9%$290/sqft
Source: Public Record Report a problem
12/8/2015	Sold	$1,850,000+12.1%$133/sqft
Source: Public Record Report a problem
6/2/2004	Sold	$1,650,000$118/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$52,766 -14.1%	$3,799,500 -17.6%
2024	$61,445 +1.7%	$4,612,706 +2%
2023	$60,389 +6.5%	$4,522,350 +2%
2022	$56,707 +2.1%	$4,433,765 +2%
2021	$55,536 +0.3%	$4,346,917 +1%
2020	$55,392	$4,302,392 +2%
2019	$55,392 +4.1%	$4,218,120 +2%
2018	$53,227	$4,135,500 +119.2%
2017	$53,227 +102.3%	$1,887,000 +2%
2016	$26,309 +7.6%	$1,850,000 -13.2%
2015	$24,457 -9.1%	$2,132,008 +2%
2014	$26,918	$2,090,246 +2.5%
2012	--	$2,040,000 +2.5%
2011	--	$1,990,180 +0.8%
2010	--	$1,975,307 +15.1%
2005	--	$1,716,659 +388.3%
2004	--	$351,590 +1.9%
2003	--	$345,147 +2%
2002	--	$338,380