1950 Magnolia Avenue, Long Beach, CA 90806

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1950 Magnolia Avenue,Long Beach, CA 90806
$977,000
  • 6 Beds
  • 2 Baths
  • 2,016 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26665805
Source:CRMLS

Price summary

  • Price:$977,000
  • Price per sq. ft.:$484.62

About this home

The Best Priced Duplex in Long Beach. 2 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located by the Wrigley Area a short drive from Down Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree lined street. Excellent Owner User opportunity as well - live in one unit and offset your mortgage with the rent from the other. The property features two 3 bed/1 bath units with a private courtyard and a 3 car garage in the rear (separate structure). Both units are currently rented ($2900 and $3200). The remodeled unit is planning to vacate by the end of July meaning a new owner could potentially owner occupy the unit. The garages are rented for an additonal $300/month. One of the units has been heavily updated. There is the potential to convert the garages to an ADU - Buyer to verify. This could add a 3rd unit and generate significant rental income. The property is...

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Home facts

  • Year built:1929
  • Listing ID #:26665805
  • Added:56 day(s) ago
  • Updated:May 14, 2026 at 10:41 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Living area:2,016 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1929
  • Building area:2,016 sq. ft.
  • Lot area:0.1 Acres
  • Levels:1 Story

Finances and disclosures

  • Price:$977,000
  • Price per sq. ft.:$484.62

Parking

  • Total parking spaces:3
  • Parking description:Assigned
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