12 days on rocket

2535 Magnolia Ave, Long Beach, CA, 90806

$1,699,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2535 Magnolia Ave, Long Beach$1,699,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Garage4 spaces
Year Built1942
MLS #PW24093192
Lot Size0.14 Acres
StatusActive

About 2535 Magnolia Ave

Welcome to this exceptional 4-unit building in Long Beach, offering a prime investment opportunity. Recently taken off the market for extensive upgrades, this charming property is now ready to impress. The building features a well-balanced mix of units, including 2 spacious two-bedroom/1 bath units and 2 cozy one-bedroom/1 bath units. Each unit is separately metered, ensuring convenience and privacy for tenants. In addition to the units, the property boasts four single -car garages, a dedicated laundry room, and a storage area. Enjoy the added perk of a beautiful lemon tree in the backyard, providing a refreshing touch of nature. Significant Recent upgrades include fresh paint inside and out, new window replacements, an upgraded electrical panel, and a new roof. Additionally, new air conditioning units, heaters, and laminate flooring, enhancing comfort and modernity throughout the building for the new owner. Located moments away from the Blue Line Station on Willow, Long Beach Memorial Hospital, and a vibrant shopping center, this property is ideally situated for tenants and investors alike. Schedule your showing today to experience the charm and potential of this turnkey property! Don't miss out on this rare find—a great location on a great street, with a fully updated building, excellent income potential.

Property Details

Property Features

Property Information:

  • Year Built: 1942
  • Stories: 2

Listing Office:

  • Office Name: BHHS CA Properties
  • Office Phone: (714) 998-8810
  • Listing Agent: Shereen El Husseini

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: w willow st & Mgnolia Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,699,000

Tax Information:

  • Annual Amount: $13,143
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$790.3K

Med. Price/SqFt

$616

Avg. Days On Market

27

# of Sold Homes

179

2535 Magnolia Ave vs Long Beach

12 DAYS ON ROCKET

-15 Days

$1,699,000

+$908.6K More

KEY TAKEAWAY

This property is $908.6K more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24093192

Listing Office:

  • Office Name: BHHS CA Properties
  • Office Phone: (714) 998-8810
  • Listing Agent: Shereen El Husseini

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/19/2024, 7:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 27, 2019Home Sold
$1,025,000
Oct 24, 2000Home Sold
$291,000
Mar 09, 2000Home Sold
$193,000
Jun 04, 1998Home Sold
$144,000
Jun 04, 1998Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,143$1,035,619
2020$5,552$1,025,000
2019$5,324$393,068
2018$5,269$385,362
2017$5,269$377,807

History based on county public records data.

Payment Calculator

$8,547

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,160

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3909418
5
/10

  • Lafayette Elementary School

  • 2445 Chestnut Ave

  • 0.16 miles

  • Public District Grades KG-5

school-card-donut-3909419
5
/10

  • Birney Elementary School

  • 710 W Spring St

  • 0.58 miles

  • Public District Grades KG-5

school-card-donut-3909420
4
/10

  • Burnett Elementary School

  • 565 E Hill St

  • 0.82 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,750. The most common annual income of people living in Long Beach, CA is between $100k-200k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90806›2535 Magnolia Ave

This home is located at 2535 Magnolia Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. This home, which was built in 1942, sits on a 0.14 acre lot. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $1,699,000.

While more than 96 listings in Long Beach, CA in April 2024 were sold above asking price, there were more than 36 listings sold at asking price, and more than 47 were sold below. Between March 2024 and April 2024, Long Beach, CA real estate market has seen increase in the number of listings by 8%. The median list price of listings available in April 2024 was $790,334, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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