Renovated Spanish-Style Apartment
For Sale
$3,050,000
1211 Magnolia Ave, Long Beach, CA 90813
Renovated multifamily property with one-bedroom residences, garages, and shared laundry in Long Beach’s Willmore neighborhood.
Property SizeContact for details
Days on Market64
Property Features for 1211 Magnolia Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Site & Location
Neighborhood
Magnolia District
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Nico Rosmarin nico@lyonstahl.com
Source:
Findhomesinsandiegoarea
Added: Aug 31
Changed: Nov 1
Last Checked: Nov 1 at 6:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
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Investment Insights
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This 16-unit apartment building in Long Beach combines a one-bedroom-only layout with five garages and on-site laundry. The property retains its 1930s Spanish-style character while incorporating extensive improvements, including restored oak flooring, mission-style lighting, remodeled interiors, replacement windows, upgraded electrical meters, and updated plumbing and HVAC systems.
Located in the Willmore neighborhood, the property is minutes from Downtown Long Beach, waterfront amenities, and the 710 Freeway. Renovated units are leased at market rents, with current and pro forma capitalization rates of 6.80% and 7.74%, respectively. Additional property features include the potential for garage-area ADUs and rent growth through annual increases.
Located in the Willmore neighborhood, the property is minutes from Downtown Long Beach, waterfront amenities, and the 710 Freeway. Renovated units are leased at market rents, with current and pro forma capitalization rates of 6.80% and 7.74%, respectively. Additional property features include the potential for garage-area ADUs and rent growth through annual increases.
Key Highlights
- 16‑unit apartment building with an all one‑bedroom unit mix
- Five garages and on‑site laundry
- 1930s Spanish‑style character with restored oak flooring and mission‑style lighting
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Location Intelligence
Trade Area within ½ mile
2,210
Businesses Nearby
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Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with one-bedroom residences, garages, and shared laundry in Long Beach’s Willmore neighborhood.
Where is this apartment building located?
The property is located at 1211 Magnolia Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: 16‑unit apartment building with an all one‑bedroom unit mix; Five garages and on‑site laundry; 1930s Spanish‑style character with restored oak flooring and mission‑style lighting
