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INCREDIBLE VACATION RENTAL THAT GENERATES IMMEDIATE POSITIVE CASH FLOW! Residing in the very heart of downtown, 336 Magnolia offers the cutting edge of where home living is headed. Specifically listed as an SFR+ADU, "336 Mag" provides three separate and distinctive options for stylish home and rental ownership. The curb appeal provides a seamless and stunning combination of classic Long Beach craftsmanship and a sharp modern twist. The front house makes use of beautifully historic aspects, all refinished in class and pride of ownership – starting with the peaceful porch area. The farmhouse front door opens up to a vaulted ceiling accented with refinished beams above. A modern barn door opens up to an amazing kitchen, consisting of shaker white cabinets, quartz countertops, a stacked stone backsplash, and matching all white appliances. Real hardwood floors runs through the front house, except for tile in the bath. The bath is complete with a gorgeous vanity, and tile on the floor and lining the walls of the shower. The mid-suite office is tastefully done throughout, and acts as the perfect place to work out of the home, or to rent out for additional income. The glass plated French Doors open up to vaulted ceilings with running beams, and a barn door separating the kitchenette and bath for the space. Annual Gross Scheduled Income from Air BnB is provable as high as $95,799.12 to $67,150 annually as a base level. FRONT UNIT: https://my.matterport.com/show/?m=9QfVwm7FX4U&mls=1

Property Details

Price:
$799,000
MLS #:
PW20219097
Status:
Active
Beds:
5
Baths:
3.00
Address:
336 Magnolia Avenue
Type:
Single Family
City:
Long Beach
Listed Date:
Oct 16, 2020
State:
CA
Square Ft (approx):
1,958
ZIP:
90802
Subdivision:
Downtown (DT)
Lot Size:
3,585 sqft / 0.08 acres (approx)
Year Built:
1902

Schools

Elementary School:
Chavez
Middle School:
Washington
High School:
Cabrillo

Interior

Cooling
None
Fireplace Features
None

Exterior

Community Features
Sidewalks, Storm Drains, Street Lights, Urban
Fencing
Privacy, Wood
Foundation Details
Raised, Slab
Garage Spaces
0.00
Lot Features
Front Yard
Pool Features
None
Roof
Asphalt
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Neighborhood
Water Source
Public

Financial

Association Fee
0.00
Utilities
Sewer Connected, Water Connected

Map

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336 Magnolia Avenue
Long Beach, CA

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