$1,350,000
2535 Magnolia Ave, Long Beach CA 90806
Multi-Family (Fourplex)
Property type
1 day
On market
$412
Price per sqft
4 cars
Garage
1942
Year built
6,121 sqft
Lot size
Home highlights
Open Houses
Overview
Exceptional Turnkey Fourplex Investment in the Heart of Long Beach! Welcome to 2535 Magnolia Ave, a rare opportunity to own a beautifully maintained and income-producing fourplex in one of Long Beach's most convenient and desirable locations. Currently operating as successful furnished mid-term rentals, this property offers immediate cash flow and outstanding flexibility...
Listing provided by: Shereen El Husseini DRE #02004103 714-463-5140, BHHS CA Properties
Listing updated: Jun 5, 2026 at 01:31pm.
Last checked: Jun 5, 2026 at 02:00pm
Source: CRMLS #PW26121782
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $3,000 | $3,000 | $3,000 | Negotiable |
| 1 | 1 | 1 | 1 | $2,800 | $2,800 | $2,800 | Negotiable |
| 1 | 2 | 1 | 1 | $3,000 | $3,000 | $3,000 | Negotiable |
| 1 | 1 | 1 | 1 | $2,800 | $2,800 | $2,800 | Negotiable |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 5
Carpet: 4
Rent Control: No
Units Leased: 4
Total Actual Rent: $11,600
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
10.4x
List Price / Annual Gross Rent
Cap Rate
9.33%
NOI / List Price
Gross Scheduled Income: $130,000
Operating Expense: $4,000
Net Operating Income: $126,000
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $0
Trash: $600
Water / Sewer: $0
Interior
Flooring: Carpet, Laminate
Cooling: Central Air
Heating: Central
Laundry: Common Area
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7202022013
Additional Parcels: No
Tax Lot: 24
Tax Block: 6
Subdivision: Wrigley Area (WR)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 2535 Magnolia Ave, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,080,000
Total Interest
$1,377,480
Total Payment
$2,457,480
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$8,383
per month
Property History for 2535 Magnolia Ave
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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