548 Magnolia Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,450,000 USD
323-719-4908
548 Magnolia Ave, Long Beach, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

548 Magnolia Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Four large units with fireplaces and in-unit laundry rooms.
  • High-demand rental area with strong occupancy trends.
  • Walking distance to downtown Long Beach attractions and amenities.

OVERVIEW

This four-unit multifamily property offers a rare opportunity in the heart of Long Beach’s downtown district. Featuring a total of eight bedrooms and four bathrooms across 4,364 square feet, each spacious unit measures approximately 1,100 square feet and includes laundry rooms and fireplaces. Recent updates such as newer exterior paint and windows enhance its appeal and reduce immediate capital expenditure for a new owner. Ideally positioned near Pine Square, local retail, and employment centers, the property benefits from excellent walkability and robust transit access. Proximity to major freeways further adds commuter convenience, while nearby shopping and amenities strengthen tenant demand. The asset’s established tenant base and historically low turnover make this acquisition an attractive option for buyers seeking steady income and long-term appreciation in a desirable urban corridor.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

LBPD30

APN/PARCEL ID

7280-001-005

ASK ABOUT THIS PROPERTY

Johnny ChaconBuckingham InvestmentsMore Info
323-719-4908

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Johnny ChaconBuckingham InvestmentsMore Info
323-719-4908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.