2250 Magnolia, Long Beach, CA 90806
2250 Magnolia, Long Beach, CA 90806
2250 Magnolia, Long Beach, CA 90806
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$1,099,000
Est. payment /mo
6,501 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB26142307

Year Built 1934

Lot Size 6,501 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,040 and pro forma scheduled gross income of approximately $63,600. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Rooms

Kitchen Oven Range - Gas

Interior

Heating Fireplace

Laundry Other

Exterior

Parking Features Assigned Spaces

Garage Spaces 1.0

Pool None

Building

Water District - Public

Others

Tax ID 7205024006

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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2250 Magnolia

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