Skip To Content

1940 Magnolia Avenue

Long Beach, CA 90806
  • $980,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: SB22099386
UPDATED: 45 min ago
$980,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Greg Fabian of Thompson Team Real Estate, Inc. (310-493-2177) and Joseph Nuzzolo of ()


Description

Excellent duplex in lower Long Beach, one upper and lower, each with 2 bedrooms/1 full bath. Live in one while you rent out the other. Both units boast a spacious living room, formal dining area, adjacent kitchen. Many upgrades throughout. Each unit has its own single car garage. Large yard and separate laundry room too. Conveniently close to freeway, schools, shopping and restaurants. Near the Waterfront, Metro stations, popular beaches.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128608584
Print Image

1940 Magnolia Avenue Long Beach, CA 90806

  • Price: $980,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 45 min ago
  • ID#: SB22099386
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1941
Built
Neighborhood:
Poly High (Ph)
County:
Los Angeles
Area:
9 - Poly High
Property Description
Excellent duplex in lower Long Beach, one upper and lower, each with 2 bedrooms/1 full bath. Live in one while you rent out the other. Both units boast a spacious living room, formal dining area, adjacent kitchen. Many upgrades throughout. Each unit has its own single car garage. Large yard and separate laundry room too. Conveniently close to freeway, schools, shopping and restaurants. Near the Waterfront, Metro stations, popular beaches.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Parking Features Garage Faces Rear Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 5.3 Common Interest Condominium Community Features Biking Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 28800 Gross Scheduled Income 67200 Insurance Expense 1020 Land Lease YN No Laundry Features Laundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 0 Net Operating Income 52550 New Construction YN No New Taxes Expense 12250 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 1 Operating Expense 14650 Pest Control Expense 0 Pool Expense 0 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 0 Tenant Pays All Utilities Total Actual Rent 28800 Trash Expense 280 Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 1100 Water Source Public Zoning Lbr2n



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368879185-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368879185-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368879185-1.jpg
Logo
Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Greg Fabian of Thompson Team Real Estate, Inc. (310-493-2177) and Joseph Nuzzolo of ()