Samimi CRE Advisors
    Listings/2250 Magnolia Ave
    2250 Magnolia Ave - Photo 1
    multifamilyActive Listing

    2250 Magnolia Ave

    Long Beach, CA 90806

    Valuation

    $1,099,000

    Key Specifications

    Total Units

    2

    multifamily

    Year Built

    1934

    Heritage Asset

    Interior

    2,416 SF

    $455 / SF

    Lot Area

    6,501 SF

    Unit Mix

    multifamily

    2x 2-Bed/1-Bath

    Investment Highlights

    VACANT 2 Bedroom - Move In Ready
    ALL NEW copper plumbing, electrical rewiring, breaker box and vinyl windows in 2018
    Strong Long Beach Location - Situated in the 90806 area with convenient access to major employment centers, local amenities, and surrounding Long Beach neighborhoods
    Low-Maintenance Residential Asset - Clean, well-kept property with manageable expenses and tenant-paid gas and electric
    Generous Lot Size - Approximately 6,501 square feet of land provides flexibility and long-term value-add potential

    Property Overview

    This offering memorandum presents a well-maintained two-unit residential property located at 2250 Magnolia Ave in Long Beach, CA. Built in 1934 and zoned LBR2N, the property spans approximately 2,416 square feet on a generous 6,501 square foot lot. It features two 2-bedroom/1-bath units, with one unit currently vacant and move-in ready, making it ideal for an owner-user or investor. The property underwent meticulous updates in 2018, including all new copper plumbing, electrical rewiring, a new breaker box, and new vinyl windows. These significant improvements enhance the property's appeal and reduce future maintenance concerns. The current scheduled gross income is approximately $62,040, with a pro forma scheduled gross income of $63,600. Situated in a strong Long Beach rental market, this asset offers an excellent opportunity for stable rental income, rental upside, and long-term appreciation. Its prime location in the 90806 area provides convenient access to major employment centers, local amenities, and surrounding Long Beach neighborhoods, making it an attractive investment.