1211 Magnolia Avenue
Long Beach, CA 90813
1
Bed
1
Bath
8,737Sqft(Lot)
We are pleased to present 1211 Magnolia Avenue, a pride-of-ownership, turnkey 16-unit multifamily property located in Long Beach. The property features an efficient all one-bedroom unit mix, five garages, on-site laundry, and additional upside through modest rent growth and potential garage-area ADUs. At the asking price, 1211 Magnolia is offered at approximately $294 per square foot while generating a 6.80% current capitalization rate and a 7.74% pro forma capitalization rate. The investment thesis is straightforward: acquire a well- renovated asset at a discounted basis, capture a near-7% day-one yield, and retain additional upside through rent normalization and potential future ADU development. The property offers investors a true ease-of-management opportunity. Curren
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1930Building Area Total: 10900Stories: 2Pool Features: NonePrivate Pool: NoView: CityLights
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Lot Information
Main Square Feet: 8737 Lot Size Acres: 0.2006 Lot Size Source: PublicRecords Lot Size Square Feet: 8,737 Lot Description: RectangularLotProperty Information
Subdivision: Downtown (DT) Source Property Type: ResidentialIncome Property SubType: Apartment Levels: Two Property Age: 96
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Listing Price Information
Listing Price: $3200000Cash, CashToNewLoan
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Tax Information
Parcel Number: 7272003003 Tax Lot: 7 Tax Block: 5
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Virtual Tour
Parking Information
Parking Total: 5 GarageFacesRearGarage Information
Has Garage: Yes Garage Space: 5
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Utility Information
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: Cross streets are Magnolia and Loma Vista WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1083 Gaviota Avenue, Long Beach, CA, 90813 | $2,348,000 | 18 | 10 | -- | 6,114 Sqft |
| 1071 N Almond Court, Long Beach, CA, 90813 | $888,000 | 8 | 5 | -- | 4,257 Sqft |
| 753 Cerritos Avenue, Long Beach, CA, 90813 | $2,900,000 | 18 | 18 | -- | 7,338 Sqft |
| 1071 Olive, Long Beach, CA, 90813 | $1,450,000 | 12 | 6 | -- | 6,517 Sqft |
| 1136 Linden Avenue, Long Beach, CA, 90813 | $1,630,000 | 3 | -- | -- | 7,273 Sqft |
| 1425 Cedar Avenue, Long Beach, CA, 90813 | $2,045,000 | 3 | 2 | -- | 0.15 Acre |
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ByOwner last updated this listing 09/10/2026 @ 23:20
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