For Sale Property MLS# RS26193414

2421 Magnolia

Long Beach, CA 90806

$1,200,000

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About 2421 Magnolia

Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.

Property details

Property

Type
Mixed Use
MLS type
Other
Status
Active
Year built
1942
Stories
2
Living area
3,516 sqft
Price / sqft
$341
Lot
0.1377
Original price
$1,200,000
MLS #
RS26193414

Interior

Features
Bath, Gas, Kitchen, Fireplace
Appliances
Gas Range
Flooring
Laminate
Heating
Forced Air
Laundry
Common Area

Exterior & lot

Features
Parking spaces: 1
Construction
2
Lot
7202021022
Parking
Assigned
Garage spaces
1

Schools

District
Long Beach Unified School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Parcel
7202021022
Special conditions
Standard

Location

Subdivision
Wrigley Area (WR)
Area
5 - Wrigley Area
County
Los Angeles
Neighborhood
Wrigley
Community
0.0
Directions
Take Willow to Magnolia and go west .3 miles.

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Listed by Frank Lynch, Frank Lynch IV,Broker

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.