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$1,200,000

Est. payment - /mo

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5,998 Sqft Lot

New

2421 Magnolia Long Beach, CA 90806

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID RS26193414

HOA Y/N No

Year Built 1942

Lot Size 5,998 Sqft

Property Sub-Type Mixed Use

Property Description

Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Heating Forced Air

Flooring Laminate

Fireplaces Type Bath, Gas, Kitchen

Fireplace Yes

Appliance Gas Range

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 1.0

Garage Description 1.0

Fence None

Pool None

Community Features Biking, Suburban, Sidewalks

Roof Type None

Accessibility None

Total Parking Spaces 1

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Sprinklers On Side, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7202021022

Acceptable Financing Cash to New Loan, Conventional

Listing Terms Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Frank Lynch Frank Lynch IV,Broker 562-565-4801, DRE #01391760

NEARBY SCHOOL & BUSINESS

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