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2140 Magnolia Avenue
MixedUse
$2,300,000

Units

12

Building Size

8,404 sf

Lot Size

12,669 sf

Status

Sold

Listing Agent: Steven Bogoyevac, Steven M. Bogoyevac, Broker

Long Beach

2140 Magnolia Avenue

About This Property

2140 Magnolia Avenue is a 12-unit apartment property in Long Beach, California. This offering presents a great value-add opportunity with 46 percent potential upside in rents. 2140 Magnolia Avenue consists of two six-unit buildings with all one-bedroom/one-bath units that are separately metered for gas and electricity. The property also features a shared laundry room with owned machines and a rear structure with eight single-car garages. This asset boasts several major recent improvements, including a new roof on one of the buildings, some copper plumbing, and updated electrical. The property is located in the South Wrigley neighborhood, a dense rental area with convenient proximity to the 710 Freeway, and just a few blocks west of Pacific Avenue, where a Northgate Supermarket is a short walk away.

Unit Mix

  • 1 unit · 1bd / 1ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?

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Sold For

$2,300,000

Listing Agent

Steven Bogoyevac

Steven M. Bogoyevac, Broker