1211 Magnolia Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
1211 Magnolia Avenue,Long Beach, CA 90813
$3,050,000
  • - Beds
  • - Baths
  • 10,900 sq. ft.
  • Multi-family
  • Active
Listed by: nico rosmarin
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26197731
Source:CRMLS

Price summary

  • Price:$3,050,000
  • Price per sq. ft.:$279.82

About this home

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....

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Home facts

  • Year built:1930
  • Subdivision & Development:Downtown (DT)
  • Listing ID #:SB26197731
  • Added:63 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Living area:10,900 sq. ft.

Structure and exterior

  • Year built:1930
  • Building area:10,900 sq. ft.
  • Lot area:0.2 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Spanish
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,050,000
  • Price per sq. ft.:$279.82

Parking

  • Total parking spaces:5
  • Parking description:Garage Faces Rear
  • Garage:Yes
  • Garage spaces:5
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