This Multifamily Property is no longer advertised on LoopNet.com.

2140 Magnolia Ave
Long Beach, CA 90806

Multifamily Property For Sale · 12 Units

Apartment Buildings California Long Beach 2140 Magnolia Ave, Long Beach, CA 90806

INVESTMENT HIGHLIGHTS

  • Value-Add Opportunity With 46 Percent Potential Upside in Rents
  • Property Features Owned Laundry Machines and Eight Single-Car Garages
  • Property Consists of Two Six-Unit Buildings With All One-Bedroom/One-Bath Units
  • Major Recent Improvements Include a New Roof on of the Buildings, Some Copper Plumbing, and Updated Electrical

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.29 AC
Building Size 8,404 SF
No. Stories 2
Year Built 1940
Parking Ratio 0.95/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 12 $1,125 -

PROPERTY TAXES

Parcel Number 7205-025-026 Improvements Assessment $1,494,000
Land Assessment $806,000 Total Assessment $2,300,000

ZONING

Zoning Code LBR2N
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  • Listing ID: 28848633

  • Date on Market: 6/25/2023

  • Last Updated:

  • Address: 2140 Magnolia Ave, Long Beach, CA 90806

More public record information on 2140 Magnolia Ave, Long Beach, CA 90806

The Wrigley Multifamily Property at 2140 Magnolia Ave, Long Beach, CA 90806 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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