1950 Magnolia Avenue, Long Beach, CA 90806

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1950 Magnolia Avenue,Long Beach, CA 90806
$965,000
  • 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:$965,000
  • Price per sq. ft.:$478.67

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 8.7%). 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:102 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnace

Structure and exterior

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

Finances and disclosures

  • Price:$965,000
  • Price per sq. ft.:$478.67

Parking

  • Total parking spaces:3
  • Parking description:Assigned
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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