1211 Magnolia Avenue
Long Beach, CA 90813
Listing broker / agent: Lyon Stahl Investment Real Estate, Inc. · Nico Rosmarin · 303-819-5225 · CRMLS
MLS # SB26197731 · Last checked Oct 20, 2026 03:26 UTC
About this property
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.
Property details
- MLS number
- SB26197731
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.2006 acres
- County
- Los Angeles
- Year built
- 1930
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 8
Building
- Year built
- 1930
- Year built source
- Public Records
- Architectural style
- Spanish
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
Rooms & interior
- Fireplace
- None
- Laundry
- Common Area, Laundry Room
Exterior & parking
- Total parking spaces
- 5
- Garage spaces
- 5
- Parking
- Garage Faces Rear
- Pool
- None
- Spa
- None
- Lot features
- Rectangular Lot
- Lot size source
- Public Records
- Property outlook
- City Lights
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Community features
- Urban
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Edison Elementary Long Beach Unified · Long Beach | K–5 | 0.5 mi |
| Renaissance High School for the Arts Long Beach Unified · Long Beach | 9–12 | 0.6 mi |
| Jenny Oropeza Elementary Long Beach Unified · Long Beach | K–5 | 0.6 mi |
| Intellectual Virtues Academy (school website, opens in a new tab) Los Angeles County Office of Education · Long Beach | 9–12 | 0.7 mi |
| Roosevelt Elementary Long Beach Unified · Long Beach | K–5 | 0.8 mi |
| Chavez Elementary (school website, opens in a new tab) Long Beach Unified · Long Beach | K–5 | 0.8 mi |
| Polytechnic High Long Beach Unified · Long Beach | 9–12 | 0.9 mi |
| Stevenson Elementary Long Beach Unified · Long Beach | K–5 | 1.0 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $3,200,000
- MLS-reported original asking price
- $3,200,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:51 | $3,200,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Long Beach
Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
108 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 04:23 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗