USACALong BeachDowntown (Dt)1211 Magnolia Ave

$3,200,000

For Sale

A month ago

1211 Magnolia Ave, Long Beach, CA

Name: 1211 Magnolia Ave, For Sale in Long Beach - eXp Realty
Brand: Lyon Stahl Investment Real Estate, Inc.
SKU: SB26197731
Price: 3200000 USD

Condo

MLS® SB26197731

0 Bed

0 Bath

5 Parking

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

HOA Fees

Taxes

Days Active 29

Approx. Age 1930

MLS® Number SB26197731

Property Address: 1211 Magnolia Ave, Long Beach, CA, 90813-4130

Average square foot calculated using Size range provided by listing agent.

Description

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. The rehabilitation was executed with that character in mind, including restoration of original oak flooring and installation of mission-style lighting, alongside fully remodeled interiors, replacement windows, upgraded electrical meters, plumbing and HVAC systems. Renovation decisions prioritized quality, durability and longevity. With the renovated units leased at market rents, a new owner benefits from immediate stabilized income without the execution risk, downtime or capital requirements typically associated with a value-add renovation program. Importantly, the pro forma rents can be achieved through annual rent increases alone, with no further capital expenditure required. 1211 Magnolia Avenue is situated in Long Beach’s Willmore neighborhood, just minutes from Downtown Long Beach, its waterfront amenities and the 710 Freeway.

MLS® NumberSB26197731

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1930

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 9, 2026List Date

$3,200,000List Price

Home Appraisal

This property is estimated to sell between: $1,155,000 and $4,223,000.

Similar properties in this area sold on average for: $1,155,772

Expected to sell in 16 days. Similar properties sold in 45 days. This home has been on eXp Realty for 29 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Destination Address

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