
Description
Great Cash-Flow Deal! Located just outside ofbooming Downtown Long Beach, 1409 Magnolia Aveis a well-maintained 6 unit building with a highyielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,and (1) 1Bed/1Bath units. The property currentlygrosses $13,251/month and operates at a 7.08% CAPand 10.22 GRM. 1409 Magnolia Ave is the idealinvestment for investor looking for day 1 cash-flowwith significant upside in rental income.The subject property is located just outside the $6Billion of development flooding into Downtown LB,including the Long Beach Civic Center, Long BeachAquarium, OceanAire Project, CSULB Project, CSULBDowntown Village, Broadway Block, the Pacific andQueen Mary Island. OM in the supplements.
-
0BEDS
-
0.11ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Great Cash-Flow Deal! Located just outside ofbooming Downtown Long Beach, 1409 Magnolia Aveis a well-maintained 6 unit building with a highyielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,and (1) 1Bed/1Bath units. The property currentlygrosses $13,251/month and operates at a 7.08% CAPand 10.22 GRM. 1409 Magnolia Ave is the idealinvestment for investor looking for day 1 cash-flowwith significant upside in rental income.The subject property is located just outside the $6Billion of development flooding into Downtown LB,including the Long Beach Civic Center, Long BeachAquarium, OceanAire Project, CSULB Project, CSULBDowntown Village, Broadway Block, the Pacific andQueen Mary Island. OM in the supplements.
Related Properties
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-11T00:27:25.21. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.