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    Turnkey Fourplex with Private Garages Title is generated by Realmo AI

    2535 Magnolia Ave, Long Beach, CA 90806

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    For Sale
    $1,350,000

    A furnished fourplex with individual garages, in-unit climate control, and flexible rental use options for an owner-operator.

    Type:Investment
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 5:56 am

    Property Features for 2535 Magnolia Ave

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1942

    We can help!

    Listing Contact
    Shereen El Husseini

    Listing agent Shereen El Husseini License #02004103

    Listing office Berkshire Hathaway HomeServices California

    Listing date Jun 4, 2026

    Source Elliman

    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 Berkshire Hathaway HomeServices California

    HighLights

    • 1942‑built fourplex at 2535 Magnolia Ave in Long Beach, currently operating as furnished mid‑term rentals
    • 4 private garages—one with each unit—plus off‑street parking for tenants and guests
    • Each unit includes in‑unit air conditioning and heating
    • Units feature a mix of laminate and carpet flooring
    • Flexible rental setup includes furnished mid‑term rentals with management flexibility and negotiable furnishings
    • BikeScore 65, walkScore 67, and transitScore 59 (good transit)

    Overview

    This turnkey fourplex at 2535 Magnolia Ave is currently operating as furnished mid-term rentals. Each unit features a combination of laminate and carpet flooring, along with air conditioning and heating for year-round comfort. The units are also offered with furnishings that are negotiable, supporting an easy transition for a new owner looking to continue the current operating model. In addition, the property includes four private garages, providing an uncommon amenity that can support tenant convenience.

    The property is in the heart of Long Beach and positioned near Downtown Long Beach, local beaches, restaurants, shopping, entertainment, and major transportation corridors. It also benefits from easy access to major freeways, public transit, and employment hubs, which can be helpful for accommodating a range of renter profiles, including traveling professionals, corporate tenants, students, and long-term residents.

    For buyers, this asset offers practical flexibility based on how it can be used. You can continue the furnished mid-term rental approach, explore short-term rental options where permitted, or transition to traditional long-term rentals. The combination of in-unit HVAC, furnished-capable layouts, and dedicated parking via private garages supports multiple tenant fit scenarios without requiring major changes to the property’s current configuration.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1983767
    Latitude
    33.8032985

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    FAQs

    What type of property is this?
    Quadplex - A furnished fourplex with individual garages, in-unit climate control, and flexible rental use options for an owner-operator.
    Where is this quadplex located?
    The property is located at 2535 Magnolia Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 1942‑built fourplex at 2535 Magnolia Ave in Long Beach, currently operating as furnished mid‑term rentals; 4 private garages—one with each unit—plus off‑street parking for tenants and guests; Each unit includes in‑unit air conditioning and heating
    (714) 463-5140
    We can help!
    Listing Contact
    Shereen El Husseini
    Real Estate License ID: 02004103
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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