#25484395, Jonathan Swire, Listing Office: The Agency
#24439935·
Listing Office: Elite Representation Real Estate·
Listing Agent: Melissa Barlow·
Listing Office Phone: 310-387-0482
$10,000
closing credit¹
1600 Magnolia Ave Long Beach, CA 90813
$1,195,000 List price
$10,000
Closing credit¹
8 beds
5 baths
3,366 sqft
0.08 acres
$355 / sqft
House
Property details
About 1600 Magnolia Ave
Proforma 7.4 Cap! Excellent opportunity to acquire a stable 4-unit building in the Alamitos Beach area of Long Beach at current 6.23 Cap rate. This building is only 16-17 blocks to Shoreline Village, Long Beach Convention Center, Aquarium of the Pacific, and everything else fantastic about the Pike area of the Long Beach Shoreline. The immediate few block radius has been going through a renaissance with new construction evident all around. Fancy up this building to have a strong long term hold asset to take full advantage of Long Beach's strong future. This property was formally converted from a 5-unit building to a 4-unit building. Enjoy 30 year fixed residential financing! There is a laundry room that was not used by the current owners which can provide additional income and increase the cap rate. Each unit has a 1-car garage. Downstairs unit is 3 beds and 2 baths. Upstairs there are two 1-bed and 1 bath units and one 3-bed 1 bath unit.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size3,366 sqft
Lot size0.0838 Acres
Year built1955
MLS #24439935
Garage4 spaces
Summary
- MLS Number: 24439935
- MLS Name: CRMLS
- Office Name: Elite Representation Real Estate
- Office Phone: (310) 387-0482
- Listing Agent: Melissa Barlow
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,195,000
1600 Magnolia Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 28, 2011 | Home Sold | $350,000 |
| Nov 01, 2001 | Home Sold | $325,000 |
| Jan 29, 1999 | Home Sold | $310,000 |
| Mar 02, 1998 | Home Sold | $167,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $439,608 | $6,404 |
| 2023 | $430,989 | $6,288 |
| 2022 | $422,539 | $5,919 |
| 2021 | $414,255 | $5,776 |
| 2020 | $410,008 | $5,693 |
| 2019 | $401,970 | $5,522 |
| 2018 | $394,090 | $5,463 |
| 2017 | $386,364 | $5,463 |
History based on county public records data.
Nearby schools
6
Roosevelt Elementary School
Public District KG-5
0.7 mi
•1574 Linden Ave
5
Oropeza Elementary School
Public District KG-5
0.9 mi
•700 Locust Ave
6
Edison Elementary School
Public District KG-5
0.9 mi
•625 Maine Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,276. The most common annual income of people living in Long Beach, CA is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
59%
<35k
30%
35k-100k
9%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
32%
Single, No Kids
28%
Single, with Kids
12%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
9%
12-17 yrs old
33%
18-34 yrs old
32%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
$10,000 Closing Credit¹
#24444813, Douglas Steinriede, Listing Office: Dover Management Corp.
New - 1 day on Rocket
#25491925, Jonathan Swire, Listing Office: The Agency
Frequently asked questions
About 1600 Magnolia Ave
This home is located at 1600 Magnolia Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This 3,366 square foot home, which was built in 1955, sits on a 0.08 acre lot. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 15, 2024 and is currently priced at $1,195,000.
Long Beach, CA housing market in December 2024 saw over 60 listings sold above listed price, more than 30 sold at listed price and over 58 sold below. The number of listings in Long Beach, CA decreased by 12% between November and December 2024. In December 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $824,872.
From Rocket Homes Real Estate and based on county public records data.