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1211 Magnolia Ave
Long Beach, CA 90813 Downtown Long Beach

$3,200,000 USD

Apartments For Sale  •  10,900 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,900 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 6.80 %
  • Zoning LBPD10
70 Transit Score
70 Walk Score

Highlights

All 16-Units Fully Renovated to Same Quality Pictured in Photos (All renovations done within the last 2 Years)
$293.58/ft- Below Recent Closed-Sale and Active Listing Averages for Renovated Product
6.88% Current Cap/ 7.74% Pro Forma with No Capital Expenditure Needed
5 Garages + On-Site Laundry
Potential ADU Upside
9.00% Current Cash-on-Cash / 12.16% Pro Forma Cash-on-Cash

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $247,749 USD (2026)
Cap Rate: 6.80 %
Total Expenses: $116,620 USD

Amenities

  • Laundry Facilities
  • Heating
  • Kitchen
  • Range

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 17 min 0.9 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.9 mi
Los Angeles International 30 min - 21.0 mi
John Wayne/Orange County 34 min - 21.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: OneCarGarage
Included in Rent: No
Nico Rosmarin 424-226-9449 Lyon Stahl Investment Real Estate
Nico Rosmarin 424-226-9449 Lyon Stahl Investment Real Estate