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$3,200,000
SB26197731 MLS Active Status
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.

1211 Magnolia Avenue, Long Beach

$599,000
1 Beds 1 Baths PW26186218 MLS Active Status
Breathe in the sea air and take in FULL OCEAN VIEWS from every room in this gorgeous one-bedroom residence at the historic Villa Riviera, a French Chateauesque masterpiece directly on the sand. Perched on the 12t floor, this sought-after “03” stack, Also is considered by many to be one of the best one-bedroom floor plans in the building. Original character details include, coved ceilings, plaster walls, deco tile bath, two bay windows in the living area and spacious bedroom with plantation shutters throughout,. The galley kitchen has been tastefully updated with French mullioned-style casement windows. Newer stainless steel appliances and retro charm. A formal-style foyer, extra-large closet, abundant storage, wonderful cross breezes, Stunning Pacific Ocean views complete the home. Enjoy Queen Mary fireworks right from the unit. The HOA includes ALL utilities: gas, electricity, water, hot water, heat, cable TV, and internet. The home also benefits from the Mills Act, providing significant property tax savings that are transferable to the next owner. (approx $5600 TAX SAVINGS per year with Mills Act tax reduction) This census tract may also qualify for first-time homebuyer grant programs up to $20K. The Villa Riviera is listed on the National Register of Historic Places and is one of Long Beach’s most iconic landmarks, recognized with numerous historic preservation awards. With a Walk Score of 97, enjoy easy access to the beach, bike path, East Village Arts District, Shoreline Village, Downtown Long Beach, the Aquarium of the Pacific, restaurants, shopping, and entertainment. Assigned parking is available in the building’s parking structure, subject to waitlist. Ask agents for details. Pick your castle—step outside and go directly to the sand from this exclusive oceanfront location. EXCLUSIONS: INCLUSIONS:all appliances

800 E Ocean Unit 1203, Long Beach

$479,000
2 Beds 2 Baths PW26080344 MLS Active Under Contract Status
FHA APPROVED with SB326 Balcony inspections and repairs completed! Just minutes from Rose Park, Retro Row, Downtown Long Beach, and the beach, welcome to 1200 Gaviota Ave. #204. This desirable second-level residence offers a spacious open floor plan with laminate flooring throughout the main living areas and bedrooms. The inviting living room features a cozy gas fireplace and opens to a private balcony, creating an easy indoor-outdoor flow. The kitchen includes stainless steel appliances, a raised breakfast bar, and a separate dining area, making it ideal for everyday living and entertaining. Both bedrooms are generously sized and feature ductless heating and air conditioning for year-round comfort. The primary suite offers a walk-in closet, ensuite bathroom with dual sinks, and direct balcony access. Additional highlights include in-unit laundry, a full hallway bathroom, two assigned subterranean parking spaces, gated entry, visitor parking, a courtyard with BBQ and picnic areas, and a fitness area. A fantastic opportunity to enjoy coastal living near some of Long Beach’s most vibrant neighborhoods.

1200 Gaviota Unit 204, Long Beach

$459,000
2 Beds 1 Baths SB26111645 MLS Active Status
Park in your private GARAGE and enjoy the good life in this updated 2-bedroom Mid-Century end unit retreat. You’ll love the vintage details including beautiful hardwood floors, a classic pocket door to the kitchen, original front door hardware, and a unique pull-out folding shelf in the hall closet. Modern upgrades blend seamlessly, featuring an updated kitchen with stainless steel appliances included, crown molding, ceiling fans, double pane windows, blinds, and an abundance of storage rarely found — including wall-to-wall closets, a walk-in closet, hallway and living room closets, plus your own private garage. This spacious, light-filled upstairs unit offers desirable details such as the large corner living room window, a window above the kitchen sink, and a window in the bathroom for natural light and ventilation. There is a whole house fan and also ceiling fans. This freshly painted 11 unit building is located on a lovely street close to the beach, park, restaurants, and shopping. Additional highlights include a secure gated entry, a charming courtyard, community laundry, and very low HOA dues. Unit 10 scores a 10 and is an amazing price, ready for you to move in.

1057 E Appleton Unit 10, Long Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.