Active

2535 Magnolia Ave

Long Beach, CA 90806
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Bed 6

Bed

Bath 4

Bath

SqFt3,280

Sqft

SqFt6,121

Sqft(Lot)

Exceptional Turnkey Fourplex Investment in the Heart of Long Beach! Welcome to 2535 Magnolia Ave, a rare opportunity to own a beautifully maintained and income-producing fourplex in one of Long Beach's most convenient and desirable locations. Currently operating as successful furnished mid-term rentals, this property offers immediate cash flow and outstanding flexibility for investors seeking strong returns. The current mid-term rental model offers strong occupancy, management flexibility, and the opportunity to adjust rents to market rates without inheriting long-term tenant commitments. Each unit is thoughtfully designed for comfort and convenience, featuring a combination of stylish laminate and carpet flooring, air conditioning and heating, and furnishings that are negotiable, making this a truly turnkey opportunity. The property also includes four private garages, a highly sought-after amenity that adds value for both tenants and guests. Ideally situated near Downtown Long Beach, local beaches, restaurants, shopping, entertainment, and major transportation corridors, this property appeals to traveling professionals, corporate tenants, students, and long-term residents alike. Easy access to major freeways, public transit, and employment hubs enhances its rental demand and long-term appreciation potential. Whether you're looking to continue the current mid-term rental model, explore short-term rental opportunities where permitted, or transition to traditional rentals, this versatile property offers multiple paths to maximize income.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,350,000

AD Id : 80040882

MLS Id : PW26121782

Beds : 6

Lot Size : 6,121 Sqft

Living Area Size : 3,280

Year Built : 1942

Garage : 4

County : Los Angeles

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Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Flooring: Carpet,Laminate
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1942 Building Area Total: 3,280
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1405
  • Lot Size Source: Assessor Lot Size Square Feet: 6121

  • Listing Price Information

    Original List Price: 1,350,000 Listing Contract Date: 2026-06-04
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7202022013

  • Rental Info

    Lease Term: Negotiable Tenant Pays: All Utilities

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 5 - Wrigley Area Directions: W.Willow St& Magnolia Ave Source Property Type: Residential Income Area: 5 - Wrigley Area Property SubType: Quadruplex
  • Building and Construction

    Property Age: 84 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: front Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1876 Myrtle, Long Beach, CA, 90806 $829,000 1 1 2,400 2,400 SqFt
410 E 21st Street, Long Beach, CA, 90806 $840,000 4 2 1,931 1,931 SqFt
410 E 21st Street, Long Beach, CA, 90806 $840,000 4 4 1,931 1,931 SqFt
223 E Eagle, Long Beach, CA, 90806 $865,000 3 3 1,567 1,567 SqFt
2000 Pacific, Long Beach, CA, 90806 $950,000 5 2 1,377 1,377 SqFt

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ByOwner last updated this listing 06/11/2026 @ 11:56

MLS: PW26121782 LISTED BY: Shereen El Husseini, BHHS CA Properties 714-998-8810 SOURCE: CRMLS

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