Great Cash-Flow Deal! Located just outside ofbooming Downtown Long Beach, 1409 Magnolia Aveis a well-maintained 6 unit building with a highyielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,and (1) 1Bed/1Bath units. The property currentlygrosses $13,516/month and operates at a 6.85�P and 10.45 GRM. 1409 Magnolia Ave is the idealinvestment for investor looking for day 1 cash-flowwith significant upside in rental income.The subject property is located just outside the $6Billion of development flooding into Downtown LB,including the Long Beach Civic Center, Long BeachAquarium, OceanAire Project, CSULB Project, CSULBDowntown Village, Broadway Block, the Pacific andQueen Mary Island.
Great Cash-Flow Deal! Located just outside ofbooming Downtown Long Beach, 1409 Magnolia Aveis a well-maintained 6 unit building with a highyielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,and (1) 1Bed/1Bath units. The property currentlygrosses $13,516/month and operates at a 6.85�P and 10.45 GRM. 1409 Magnolia Ave is the idealinvestment for investor looking for day 1 cash-flowwith significant upside in rental income.The subject property is located just outside the $6Billion of development flooding into Downtown LB,including the Long Beach Civic Center, Long BeachAquarium, OceanAire Project, CSULB Project, CSULBDowntown Village, Broadway Block, the Pacific andQueen Mary Island.