2535 Magnolia Ave Long Beach, CA 90806
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW26121782
HOA Y/N No
Year Built 1942
Lot Size 6,120 Sqft
Property Sub-Type Quadruplex
Property Description
Welcome to 2535 Magnolia Ave, a rare opportunity to own a beautifully maintained and income-producing fourplex in one of Long Beach's most convenient and desirable locations. Currently operating as successful furnished mid-term rentals, this property offers immediate cash flow and outstanding flexibility for investors seeking strong returns.
The current mid-term rental model offers strong occupancy, management flexibility, and the opportunity to adjust rents to market rates without inheriting long-term tenant commitments.
Each unit is thoughtfully designed for comfort and convenience, featuring a combination of stylish laminate and carpet flooring, air conditioning and heating, and furnishings that are negotiable, making this a truly turnkey opportunity. The property also includes four private garages, a highly sought-after amenity that adds value for both tenants and guests.
Ideally situated near Downtown Long Beach, local beaches, restaurants, shopping, entertainment, and major transportation corridors, this property appeals to traveling professionals, corporate tenants, students, and long-term residents alike. Easy access to major freeways, public transit, and employment hubs enhances its rental demand and long-term appreciation potential.
Whether you're looking to continue the current mid-term rental model, explore short-term rental opportunities where permitted, or transition to traditional rentals, this versatile property offers multiple paths to maximize income.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Urban
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7202022013
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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