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Closed
- Listed price
- $4,600,000
- Listed May 31, 2014
- Sold price
- $4,170,000
- Sold Oct 29, 2014
18,197 sqft lot|1963 Built|153 MLS days on market
1146 Magnolia Ave, Long Beach, CA 90813
Property Description
1146-1152 Magnolia Ave, Long Beach. This is a meticulously maintained 32 unit building in a great rental area of LB. 2 buildings on 2 parcels (1146 Magnolia = 7272004010, 1152 Magnolia = 7272004009). A great mix of 24 - 1 Bed/1 Bath units and 8 - 2 Bed /1 Bath units. Buildings are very sizable (22,998 sq ft). A large lot (18,197 sq ft) offers tenants a spacious courtyard and garage/parking area. All electric building - individually metered and each unit has it's own water heater (keeps expenses down). Milgard dual pane windows throughout building. 2 laundry facilities w/ seller's own machines. 19 enclosed garages = extra income. There is definite room to raise rents - NO rent control in LB. Please call for further income and expense information on this well managed building. This is a great opportunity for the savvy Long Beach investor to add an incredible building to your portfolio! Income is actual and expenses are estimated. Proforma rent for 2 bedrooms is $1200. Proforma rent for 1 bedrooms is $950. Total monthly Proforma income = $33,700. Annual Proforma income = $404,400/yr - GRM = 11.37 - Proforma Cap = 6.40%
Listing agent: Julie HughesDRE #01360644JulieRHughes@yahoo.com, Listing office: Keller Williams Pacific Estat
MLS data updated 11/2/2026, 4:09:29 AM PT
Source: CRMLSMLS #: PW14113072
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$4,170,000
Oct 29, 2014
Available records32014
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90813 · Nov 2026
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ZIP 90813 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
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