1409 Magnolia Avenue, Long Beach, California 90813

Great Cash-Flow Deal! Located just outside ofrrnbooming Downtown Long Beach, 1409 Magnolia Averrnis a well-maintained 6 unit building with a highrrnyielding unit mix of (3) 3Bed/1Bath, (2) 2Bed/1Bath,rrnand (1) 1Bed/1Bath units. The property currentlyrrngrosses $13,516/month and operates at a 6.85%rrnCAP and 10.45 GRM. 1409 Magnolia Ave is the idealrrninvestment for investor looking for day 1 cash-flowrrnwith significant upside in rental income.rrnThe subject property is located just outside the $6rrnBillion of development flooding into Downtown LB,rrnincluding the Long Beach Civic Center, Long BeachrrnAquarium, OceanAire Project, CSULB Project, CSULBrrnDowntown Village, Broadway Block, the Pacific andrrnQueen Mary Island.