REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,200,000

Est. payment - /mo

8,738 Sqft Lot

Save

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID SB26197731

HOA Y/N No

Year Built 1930

Lot Size 8,738 Sqft

Property Sub-Type Apartment

Property Description

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. Current ownership
extensively renovated the building with the intention of holding it for the long term, completing
comprehensive upgrades while preserving its original 1930s Spanish-style character. The
rehabilitation was executed with that character in mind, including restoration of original oak
flooring and installation of mission-style lighting, alongside fully remodeled interiors, replacement
windows, upgraded electrical meters, plumbing and HVAC systems. Renovation decisions prioritized
quality, durability and longevity.
With the renovated units leased at market rents, a new owner benefits from immediate stabilized
income without the execution risk, downtime or capital requirements typically associated with a
value-add renovation program. Importantly, the pro forma rents can be achieved through annual
rent increases alone, with no further capital expenditure required.

1211 Magnolia Avenue is situated in Long Beach's Willmore neighborhood, just minutes from
Downtown Long Beach, its waterfront amenities and the 710 Freeway.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplaces Type None

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Parking Features Garage Faces Rear

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View City Lights

Total Parking Spaces 5

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7272003003

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Nico Rosmarin Lyon Stahl Investment Real Estate, Inc. 303-819-5225, DRE #02023847

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

1211 Magnolia AVE Long Beach, CA 90813