Vintage Multifamily
New
For Sale
$1,449,000
548 Magnolia, Long Beach, CA 90802
Built in 1922, this multifamily property offers an established residential asset in Long Beach.
Property Size4,364 SF
Days on Market3
Property Features for 548 Magnolia
General Information
Standard status
Active
Size
4,364 SF
Total Parking Spaces
1
Property subtype
Residential Income
Net Operating Income
$55,337
Amenities
Sidewalks
Building Details
Building Size
4,364 SF
Year Built
1922
Buildings
1
Stories
2
Listing Agency:
Buckingham Investments, Inc
(323) 719-4908
Listed By:
Johnny Chacon · License #01966177
(323) 719-4908
Source:
Evrealestate
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 4:33AM
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 Buckingham Investments, Inc
Investment Insights
Based on property information with market context.
This multifamily property was constructed in 1922 and is located at 548 Magnolia in Long Beach, California. The property information identifies Magnolia and 6th Street as directional references.
Key Highlights
- Constructed in 1922
- Located at 548 Magnolia, Long Beach, CA 90802
- Directional reference: Magnolia / 6th Street
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.7k | $36.60 |
| − Vacancy | −$8.0k | −$1.83 |
| EGI | $151.7k | $34.77 |
| − OpEx | −$68.3k | −$15.65 |
| NOI | $83.5k | $19.12 |
4,364 SF · lease $36.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,455 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.04M – $2.73M
NOI $163,553 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,627
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Properties on Market for Multifamily properties in Long Beach
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1922, this multifamily property offers an established residential asset in Long Beach.
Where is this multifamily property located?
The property is located at 548 Magnolia Long Beach, CA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Constructed in 1922; Located at 548 Magnolia, Long Beach, CA 90802; Directional reference: Magnolia / 6th Street
