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1950 Magnolia Avenue

Long Beach, CA 90806
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Bed 6

Bed

Bath 0

Bath

SqFt2,016

Sqft

SqFt4,153

Sqft(Lot)

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 well maintained and has been updated as follows: All new Pex water supply lines in both units - done in 2022. All new ABS drain/sewer lines in both units - done in 2022. All new gas lines in Unit 1950 - done in 2022. Completely remodeled Unit 1950 - new flooring, paint, fixtures, countertops, vanity, tub, tile, new stove, microwave, dishwasher, fridge, and all new double-pane vinyl windows - done in 2024. A new owner could owner occupy one of the units within a few months of the close of escrow. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preperation for the 2028 Olympics.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $949,000

AD Id : 76236433

MLS Id : 26665805

Beds : 6

Lot Size : 4,153 Sqft

Living Area Size : 2,016

Year Built : 1929

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 2
  • Heating & Cooling

    Has Heating: Yes Heating: Wall Furnace Cooling: None

  • Building Information

    Year Built: 1929
    Building Area Total: 2016
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 4153 Lot Size Acres: 0.0953 Lot Size Square Feet: 4,153

  • Listing Price Information

    Listing Price: $949000
    Original Price: $979000

  • Tax Information

    Parcel Number: 7209032012

  • Location Information

    Direction: Duplex located in the Wrigely Area of Long Beach. NOT subject to local rent control.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2321 Myrtle Avenue, Long Beach, CA, 90806 $800,000 4 2 1,585 1,585 SqFt
2148 Myrtle, Long Beach, CA, 90806 $600,000 3 2 1,544 1,544 SqFt
910 E 19th Street, Long Beach, CA, 90806 $754,000 4 3 1,492 1,492 SqFt
2002 Lime Avenue, Long Beach, CA, 90806 $749,000 3 2 1,284 1,284 SqFt
3037 Pacific Avenue, Long Beach, CA, 90806 $900,000 3 2 980 980 SqFt
3250 Chestnut, Long Beach, CA, 90806 $1,050,000 4 2 1,686 1,686 SqFt
2337 Long Beach, Long Beach, CA, 90806 $1,285,000 -- 6 --
3133 Cedar Avenue, Long Beach, CA, 90806 $1,029,999 3 2 1,417 1,417 SqFt
2320 Locust, Long Beach, CA, 90806 $485,000 2 1 680 680 SqFt
201 E Eagle Street, Long Beach, CA, 90806 $879,000 5 -- 1,914 1,914 SqFt

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ByOwner last updated this listing 07/28/2026 @ 10:30

MLS: 26665805 LISTED BY: Jonathan Swire, The Agency 424-230-3700 SOURCE: CRMLS

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