2250 Magnolia
Property Overview
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,772 and pro forma scheduled gross income of approximately $66,000. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1934
- Lot size
- 6,501 sq ft
- Parking
- 1 spaces
- Garage
- 1 spaces
- Stories
- 2
- Days on market
- 11
- MLS status
- Active
Features & Amenities
Appliances
- Gas Range
Parking
- Assigned
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Community
- Fireplace
- Yes
Utilities
- Heating
- Fireplaces
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 2250 Magnolia
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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