NOT LISTED FOR SALE

433 Magnolia Ave Long Beach, CA 90802

West Village Neighborhood
3 Beds
8 Baths
4,368 Sq Ft
2,994 Sq Ft Lot

Last Sold December 01, 2014

Last sale price $760,000 $174 Per Sq Ft

27 Days on Market

About This Home

As of December 2014

433 Magnolia Avenue in the Willmore City Historic District of Long Beach, California. The property features an excellent unit mix of five studio and three one bedroom/one-bathroom units. Built in 1923, 433 Magnolia Avenue consists of 4,368 rentable square feet with a lot size of
2,993 square feet.

The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Port of
Long Beach is currently undergoing $4.4 billion in redevelopment that will also create 14,000 new and permanent jobs
in Southern California. The $495 million Long Beach Courthouse recently opened in September of 2013. Long Beach
sustains its ability to attract renters due to its strong economy and quality of life. This is a rare opportunity to acquire a
quality asset in a prime location with true rental upside and stable return.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 08/06/2014

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 08/06/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,994 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 4,368 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 8 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 9, 1
  • Assessor Parcel Number 7278026010

Community Details

Overview

  • 8 Units

Building Details

  • 1 Separate Electric Meter
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,440
  • Insurance Expense $1,763
  • Maintenance Expense $4,000
  • Other Expense $1,600
  • Professional Management Expense $1,200
  • Water Sewer Expense $1,790
  • New Taxes Expense $10,070
  • Gross Income $6,275
  • Net Operating Income $45,085

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Other Phone Description: Trans Coord
  • Other Phone Number: 562-257-1232
  • Professional Management Expense: 1200.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1790.00
  • Property Type: Residential Income
  • Parcel Number: 7278026010
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 173.99

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 2994.00
  • Lot Size Acres: 0.0690

Multi Family

  • Electric Expense: 7440.00
  • Gross Income: 6275.00
  • Gross Scheduled Income: 76080.00
  • Insurance Expense: 1763.00
  • Lot Size Area: 2994.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 45085.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 28736.00
  • Other Expense: 1600.00
  • Other Expense Description: Reserves
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10070.00
  • Tax Lot: 9, 1
  • Tax Year: 2013

Range of Values:

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List Price
Sold Price
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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
12/01/2014 12/01/14 Sold $760,000 -6.7% $174 / Sq Ft
09/02/2014 09/02/14 Pending -- -- --
08/06/2014 08/06/14 For Sale $815,000 -- $187 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    1 in this area

    95 Total Sales

    Steve Bogoyevac
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14167426

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 West Village

433 Magnolia Ave, Long Beach, CA

This home is located at 433 Magnolia Ave, Long Beach, CA 90802 since 06 August 2014. This property was built in 1923. 433 Magnolia Ave is a home located in Los Angeles County with nearby schools including Cesar Chavez 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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