Immediate Cash Flow with Long-Term Growth Potential
1153-1161 Magnolia Avenue offers investors the opportunity to acquire a stabilized 28-
unit apartment community that generates attractive day-one cash flow while providing meaningful long-term rental upside. Unlike many value-add investments that require significant renovation capital, the property delivers strong in-place income with the opportunity to increase revenues through natural tenant turnover and disciplined asset management.
The property’s balanced unit mix, attractive central courtyard, fourteen private garages, and on-site laundry facilities create a highly desirable living environment that supports tenant retention while providing additional income opportunities.
Located in one of Southern California’s strongest rental markets, the property benefits
from Long Beach’s expanding aerospace, healthcare, logistics, and technology sectors, creating long-term demand for quality workforce housing. Combined with strong current returns, modest rental upside, and limited operational risk, Magnolia Avenue represents
an exceptional opportunity for investors seeking both dependable income and future appreciation.
1153-1161 Magnolia
- California
- Long Beach
Property Information
- Address: 1153 Magnolia Avenue
- City: Long Beach
- State: California
- Zip Code: 90813
- Units: 28
- Price: $6,685,000
Property Financials
- Price per Unit: $238,750
- Price per SF: $327
- Current Cap Rate: 6.02%
- Market Cap Rate: 6.41%
- Current GRM: 10.24
- Market GRM: 9.82
Property Description
Highlights
- Strong 6.02% Day-One Capitalization Rate
- 28-Unit Apartment Community
- Balanced Unit Mix: 14 One-Bedroom / 14 Two-Bedroom Units
- Attractive Price of $238,750 Per Unit
- Current Rents Approximately $100+ Per Unit Below Market
- 14 Private Garages with Income Potential
- Immediate Cash Flow with Limited CapEx Requirement
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