See Home Value
$609,436*
House - Off Market

740 Magnolia Ave

Long Beach, CA 90813
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1014 Sqft
$540,000 - $658,000
Reference Base Price*
1.74%
Since May 1, 2023
National-US
Primary Model
Sold Apr 18, 2023
$580,000
$522,000 by Kind Lending, Llc
Mortgage Due May 01, 2053
Sold Aug 02, 2019
$415,000
$311,250 by Goprime Mortgage Inc
Mortgage Due Aug 01, 2049

About This Property

This charming single family home located in the Wilmore Historical District just minutes from the desirable Downtown Long Beach area.   It is within walking/biking distance to Downtown's coffee shops, bars, restaurants, markets, Long Beach Aquarium, museums, parks, and the beach where you can cruise the boardwalk or just enjoy and relax at the beach. This is a charming 4 bedroom 1 bath home with an open floor plan. (the 2 bedrooms upstairs have no permits). Laundry is inside.

The manager has listed the unit size as 1014 square feet.
Unit Size
1,014Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$591
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910

Price History

Date / Event Date Event Price
Apr 21, 2023 No longer available -
No longer available
Apr 18, 2023 Sold to Nima Eslamieh $580,000
Sold to Nima Eslamieh
Apr 14, 2023 In contract -
In contract
Dec 17, 2022 Price Decreased $599,000
↓ $30K (4.8%)
Price Decreased
Nov 2, 2022 Listed $629,000
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,526
  • Lot Size Depth Feet: 460
  • Lot Size Frontage Feet: 330
  • Total Building Area: 858
  • Building Area: 858
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 858
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VARNEY TRACT
  • Land Acres: 0.035
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VARNEY TRACT S 33 FT OF LOT/SEC 1

Ownership

  • Current Owner : ESLAMIEH NIMA
  • Previous Owner : CASAL MILAGROS
  • Owner Before Previous Owner: BAJWA JAGMOHAN
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 575802

Zoning

  • Zoning: LBPD10

Geography

  • Assessors Map Reference: 75-C4
  • Subdivision Tract Number: S
  • Parcel: 7272-018-003
  • Lot: 1
  • Municipality: SOUTH /LB/DOWNTOWN
  • Latitude: 33.7761
  • Longitude: -118.198

    Address

  • Full Address: 740 Magnolia Ave
  • Address - House Number: 740
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C008
  • 4-Digit Zip Code: 4131
  • Zip Code: 90813

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,383
  • Tax Rate Code Area: 11-934

    Appraisal Valuation

  • Standard Deviation: 0.2349
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 556,685
  • High Value: 687,492
  • Low Value: 425,878

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $522,000
  • First Open Lien Mortgage Lender: KIND LENDING, LLC
  • First Open Lien Mortgage Recording Date: Apr 18, 2023
  • First Open Lien Mortgage Loan Amount: $522,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $436,235
  • Assessed Land Value: $348,989
  • Assessed Improvements Value: $87,246

    Sales

  • Current Sale Contract Date: Apr 11, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Transaction ID: 11905214818
  • Current Sale Price: $580,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 246827
  • Previous Sale Recording Date: Aug 02, 2019
  • Previous Sale Contract Date: Jun 13, 2019
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: KIND LENDING, LLC
  • First Mortgage Transaction Date: Apr 18, 2023
  • First Mortgage Loan Amount: $522,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: GOPRIME MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 02, 2019
  • Previous Mortgage Loan Amount: $311,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2049



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
2 Baths
1,654 ft²
$423/ft²
$699,000 Jan 19, 2023
-
-
Condo
3 Beds
2 Baths
1,155 ft²
$432/ft²
$499,000 Dec 27, 2022
-
$310/mo
Condo
2 Beds
2 Baths
957 ft²
$522/ft²
$499,900 Mar 22, 2023
-
$285/mo
Multifamily
2 Beds
2 Baths
961 ft²
$541/ft²
$520,000 Sep 22, 2022
-
$347/mo
Condo
2 Beds
2 Baths
961 ft²
$541/ft²
$520,000 May 13, 2022
-
$347/mo
Condo
2 Beds
2 Baths
951 ft²
$547/ft²
$520,000 Mar 24, 2023
-
$283/mo

About Willmore City


Similar Homes for Sale

Unit for sale at 555 Maine Avenue, Long Beach, CA 90802

$499,000

  • 3 Beds
  • 2 Baths
  • 1,155 ft²
555 Maine Avenue #304, Long Beach, CA 90802 Listing by Matthew Shinn

Nearby Rentals

Unit for rent at

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,362 ft²
Listing by Manager


Frequently Asked Questions

When was property at 740 Magnolia Avenue built and last sold?
The property at 740 Magnolia Avenue was built in 1910 and last sold on Apr 11, 2023 for $580,000.
How much is this home worth?
The estimated value of the home located at 740 Magnolia Avenue is $628,569.
What are some comparable homes to 740 Magnolia Avenue?
Homes that are comparable to 740 Magnolia Avenue include a condo property at 555 Maine Avenue, a multifamily property at 224 West 14th Street South, a condo property at 730 West 4th Street.

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