1950 Magnolia Avenue
Long Beach, CA 90806
MLS #PW17210745

Income
  • 2units
  • 2,016sq ft
$599,999
Est. P&I payment: $2291.59/mo
1950 Magnolia Avenue, Long Beach, CA 90806
  • 1950 Magnolia Avenue, Long Beach, CA 90806 Photo 1
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Description for 1950 Magnolia Avenue, Long Beach, CA 90806
Here's your chance to own a large Duplex in the highly sought after South Wrigley area of Long Beach. Each unit features three bedrooms and over 1,000 square feet of living space. Parking is no problem with a three garage spaces. Walking distance to PCH. These units won't last!!
MLS #PW17210745
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My Notes for MLS #PW17210745

General Features

  • Number Of Buildings: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Year Built: 1929
  • Year Built Source: Assessor
  • Zoning: LBR2N
  • Elevation Units: Feet
  • Subdivision Name: Wrigley Area (WR)
  • Subdivision Name Other: Wrigley Area (WR)

Exterior Features

  • Lot Features: Lot-Level/Flat
  • Lot Size Acres: 0.09
  • Lot Size Area: 4,151
  • Lot Size SqFt: 4,151
  • Lot Size Units: Square Feet
  • Garage Spaces: 3
  • Parking Total: 3
  • Pool Features: None
  • Common Walls: 1 Common Wall
  • Property Attached YN: 1

Interior Features

  • Levels: One
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area: 1,008
  • Average 3Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet

Utility Features

  • Laundry YN: 1
  • Laundry Features: Washer Hookup
  • Water Source: Public
  • Number Of Separate Electric Meters: 2

Financial Features

  • CapRate: 5.04
  • Electric Expense: 200
  • Gross Scheduled Income: 43,200
  • Insurance Expense: 800
  • Net Operating Income: 30,240
  • Operating Expense: 12,960
  • Price Per SqFt: 297.62
  • Total Expenses: 12,960
  • Trash Expense: 400
  • Water Sewer Expense: 350
  • Tax Lot: 19
  • Gross Income: 43,200
  • Gross Multiplier: 13.88
  • New Taxes Expense: 6,599
  • Operating Expense Percent: 30
  • Total Actual Rent: 3,600

Community Features

  • Community Features: Urban

Miscellaneous Features

  • Building Area Total: 2,016
  • Building Area Units: Square Feet
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Tax Census Tract: 5,730.04
  • Tax Tract Number: 8,988

Location

 
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Directions to 1950 Magnolia Avenue, Long Beach, CA 90806
Just North of PCH, on Magnolia, between W 19th and W 20th
s

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P&I Payment $2291.59
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 09/20/2017 at 2:52pm
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