1238 Magnolia Avenue, Long Beach, CA 90813

$860,000
4
BD
2
BA
1,296
SqFt

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List Price
$860,000
Price Change
▼ $5,000 1764688175
Status
ACTIVE
MLS#
DW-25177849
Year Built
2003
Bedrooms
4
Bathrooms
2
Living Sq. Ft
1,296
Lot Size
4,303
Days on Market
393
Property Type
Multifamily
Stories
1

Property Description

Make a smart move with this turnkey Duplex in the up-and-coming Wilmore district of Long Beach. Live in one unit and rent out the other to cut your mortgage payment in half and reap the benefits of becoming a new landlord or add an impressive R-4 property to your existing portfolio. Each unit comes with a two-car garage, as well as a tandem parking space off the alley. There are numerous upgrades, including a new roof, complete exterior stucco, dual-pane windows, keyless entry doors, two water heaters, fresh landscaping with a 6-foot white vinyl fence, exterior and interior painting, and three TCL brand mini-split systems per unit. Inside, you’ll enjoy vaulted ceilings, SPC oak floors by Republic, baseboards, modern chandeliers, and wall sconces. The back unit features high-end stainless-steel appliances and includes a washer and dryer, as well as a wall-mounted television. The kitchens boast Knotty Alderwood cabinetry, high-end Acacia butcher block counters, a 3D tile backsplash, a stainless-steel sink, dishwasher, microwave, and recessed lighting. Finally, the bathroom is outfitted with beautiful veinous Carrera marble and a floating vanity featuring an LED mirror with a built-in defogger. It makes sense to buy two completely renovated units, with the potential to add more, rather than being stuck with just one, as a home should always be considered an investment that holds the key to your future.

Additional Information

Land Lease Type
Fee
Fireplace Description
None
View
None
Garage Spaces Total
4
Elementary School
Edison
Middle School
Washington
High School
Cabrillo

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Calculator source: Real Geeks

Listing courtesy of Foundation Realty.