Home | Los Angeles County | Long Beach | 90813 | 1211 Magnolia Ave
MLS: CRSB26197731 | Status: | Price: $3,200,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 8,737 | 1930 |
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, d
| Field | Value |
|---|---|
| MLS # | CRSB26197731 |
| MLS Source | California Regional MLS |
| Days on Site | 8 |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Style | Spanish |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Garage: 5 Car(s) |
| HOA Fee | $0 |
Nico Rosmarin
Lyon Stahl Investment Real Estate, Inc.
License #: 02023847
Phone: (424) 226-9449
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 16 | – |
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This listing information is up-to-date as of September 09, 2026. For the most current information, please contact Nico Rosmarin, (424) 226-9449.