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Key Details
Sold Price $760,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,368 sqft
Price per Sqft $173
Subdivision Downtown (Dt)
MLS Listing ID PW14167426
Sold Date 12/01/14
HOA Y/N No
Year Built 1923
Tax Year 2013
Lot Size 3,005 Sqft
Property Description
433 Magnolia Avenue in the Willmore City Historic District of Long Beach, California. The property features an excellent unit mix of five studio and three one bedroom/one-bathroom units. Built in 1923, 433 Magnolia Avenue consists of 4,368 rentable square feet with a lot size of
2,993 square feet.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Port of
Long Beach is currently undergoing $4.4 billion in redevelopment that will also create 14,000 new and permanent jobs
in Southern California. The $495 million Long Beach Courthouse recently opened in September of 2013. Long Beach
sustains its ability to attract renters due to its strong economy and quality of life. This is a rare opportunity to acquire a
quality asset in a prime location with true rental upside and stable return.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Unknown
Water Public
Others
Tax ID 7278026010
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker
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