1950 Magnolia Ave Long Beach, CA 90806
- Added:
- Mar 17, 2026
- Days on Market:
- 16
- Last Refresh:
- Apr 1 at 1:06 am
Property Features for 1950 Magnolia Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LBR2N
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 1
- Parking
- 3
- Parking features
- Assigned
- Standard status
- Active
- APN
- 7209-032-012
- Size
- 2,016 SF
- Lot size
- 0.10 Acres
Building Details
- Year built
- 1929
- Floors in Building
- 1
- Number of units
- 2
Listing agent Jonathan Swire License #01336277 (310) 948-2631
Listing office The Agency 331 Foothill Rd. #100, Beverly Hills, CA (424) 230-3700
Listing date Mar 17, 2026
MLS# 26665805
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Long Beach Duplex Near Downtown
This two-unit multifamily property is located in Long Beach, California, near the Wrigley Area and a short drive from downtown, where over $8 billion of redevelopment is occurring. The property is subject to AB 1482 rent control, with a maximum annual increase of 5% + CPI (currently 8.0%). Situated on a quiet, tree-lined street, this duplex presents an excellent owner-user opportunity. Each unit features three bedrooms and one bathroom. A private courtyard and a three-car garage are located in the rear of the property. Both units are currently rented for $2900 and $3200, respectively, with the garages rented for an additional $300 per month. The property is well-maintained and has been updated. In 2022, both units received new Pex water supply lines and new ABS drain/sewer lines. Also in 2022, Unit 1950 received all new gas lines. Unit 1950 was completely remodeled in 2024 with new flooring, paint, fixtures, countertops, vanity, tub, tile, stove, microwave, dishwasher, fridge, and double-pane vinyl windows. The property has a lot size of 0.0953 acres and a property size of 2016 square feet. There is potential to convert the garages to an ADU, which could add a third unit and generate significant rental income; buyer to verify.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.197819
- Latitude
- 33.792647
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit property near downtown Long Beach with income potential.
Where is this duplex located?
The property is located at 1950 Magnolia Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $978,700.
What are key features of this property?
This property features: Excellent owner user opportunity: Live in one unit and rent the other to offset mortgage costs.; High rental income potential: Currently generating $6400/month from units and garages.; **One unit is heavily updated with new flooring, paint, fixtures, countertops, vanity, tub, tile, new appliances, and double‑pane vinyl windows (done in 2024).**
