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1526 Magnolia Ave, Long Beach

  • Each unit was recently taken down to the studs and fully renovated with all new kitchens, bathrooms, flooring, appliances, painting, lighting, ceiling fans, and much more
  • Major improvements to the property include all new windows, roofs, garage doors, hot water heaters, gates, fencing, landscaping, exterior lighting, plumbing, and electrical
  • Fully stabilized asset that will allow for an easy ownership and management experience only 17 blocks from the ocean
  • Self-managing will allow an investor to achieve over a 4.4% cap rate and under a 15 GRM
  • ADU potential with a garage conversion or a new build in the courtyard
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Download Offering Memorandum

UNITS: 4

GROSS RENT MULTIPLIER: 14.96

CAP RATE: 3.9%

PRICE

$1,175,000

ANNUAL INCOME

$78,540

ANNUAL NOI

$45,338

ANNUAL EXPENSE

$29,275

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL PRO FORMA
121$1,995$1,995$2,100$2,100
111$1,465$1,465$1,600$1,600
111$1,565$1,565$1,600$1,600
111$1,520$1,520$1,600$1,600
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
454 $6,545 $6,900