1454 Magnolia
Long Beach — 4 units / 2,800 sf building
Listing Agent: Vic Steele, Vic Steele, Broker
Units
4
Building Size
2,952 sf
Lot Size
3,162 sf
Status
Sold
Listing Agent: Juan Huizar, Sage Real Estate
Long Beach
About This Property
Discover an exceptional investment opportunity within this meticulously renovated quadraplex, boasting a generous 2,952 square feet of living space priced at a competitive $338 per square foot. Built in 1923, this property seamlessly merges historic charm with contemporary upgrades, offering a blend of character and functionality. This four-plex presents four expansive one-bedroom units, thoughtfully designed to easily convert into two-bedroom layouts, providing versatility to accommodate varying tenant needs. Each unit is a testament to quality craftsmanship and modern convenience, featuring recent enhancements including new windows, stucco, paint, as well as essential plumbing and electrical upgrades. With an impressive annual income of $71,280 this property promises a lucrative return on investment. Furthermore, the option to utilize one unit immediately or rent it out adds to its appeal, ensuring flexibility for both investors and owner-occupiers. Convenience extends beyond the interiors, with the inclusion of four dedicated parking spaces, alleviating any concerns regarding parking availability. Whether you're an astute investor seeking a profitable venture or a homeowner looking to capitalize on rental income, this quadraplex offers an enticing proposition.
Unit Mix
Neighborhood
This property is located in Long Beach. Want to learn more about the area?
Explore CommunitiesSold For
$999,975
Listing Agent
Juan Huizar
Sage Real Estate
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