NOT LISTED FOR SALE

1211 Magnolia Ave Long Beach, CA 90813

Willmore Neighborhood
8 Beds
8 Baths
10,900 Sq Ft
8,735 Sq Ft Lot

Last Sold May 13, 2016

Last sale price $1,940,000 $178 Per Sq Ft

7 Days on Market

About This Home

As of May 2016

16 unit building, all 1 bedroom, 1 bath units. (5) single car garages.

Last Agent to Sell the Property

John Lindberg

Re/Max R. E. Specialists License #01010112 Listed on: 02/19/2016

Re/Max R. E. Specialists

Co-Listed By

Jamee Lindberg

Re/Max R. E. Specialists License #01107487

Last Buyer's Agent

John Lindberg

Re/Max R. E. Specialists License #01010112 Listed on: 02/19/2016

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 8,735 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • 10,900 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 5
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272003003

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • 16 Leased Units
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,460
  • Gardener Expense $600
  • Insurance Expense $3,284
  • Maintenance Expense $4,890
  • Pest Control $540
  • Professional Management Expense $12,196
  • Trash Expense $504
  • Water Sewer Expense $2,386
  • New Taxes Expense $23,280
  • Gross Income $13,025
  • Net Operating Income $100,011

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.15
  • Professional Management Expense: 12196.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 2386.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7272003003
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 177.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 540.00
  • Trash Expense: 504.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 8735.00
  • Price Per Lot Square Foot: 222.10
  • Lot Size Acres: 0.2010

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1460.00
  • Gross Income: 13025.00
  • Gross Multiplier: 12.41
  • Gross Scheduled Income: 156300.00
  • Insurance Expense: 3284.00
  • Lot Size Area: 8735.0000 Square Feet
  • Maintenance Expense: 4890.00
  • Net Operating Income: 100011.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 51600.00
  • Rent Control: No
  • Total Actual Rent: 12800.00
  • Vacancy Allowance: 4689
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 23280.00
  • Tax Block: 5
  • Tax Lot: 7
  • Tax Tract Number: 5758

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $1,940,000 0.0% $178 / Sq Ft
02/26/2016 02/26/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $1,940,000 -- $178 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Lindberg

    Seller's Agent in 2016

    John Lindberg

    RE/MAX

    (562) 897-1113

    54 Total Sales

    John Lindberg
    Section Image
  • Jamee Lindberg

    Seller Co-Listing Agent in 2016

    Jamee Lindberg

    RE/MAX

    (562) 881-3811

    82 Total Sales

    Jamee Lindberg
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16036817

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Willmore

1211 Magnolia Ave, Long Beach, CA

This home is located at 1211 Magnolia Ave, Long Beach, CA 90813 since 19 February 2016. This property was built in 1930. 1211 Magnolia Ave is a home located in Los Angeles County with nearby schools including Edison Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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