Duplex with Two-Car
For Sale
$860,000
1238 Magnolia Avenue, Long Beach, CA 90813
Two residential units offer upgraded interiors, separate climate-control systems, and alley-side parking.
Property Size1,296 SF
Price / SF$663.58
Days on Market421
Property Features for 1238 Magnolia Avenue
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Duplex
Zoning
R-4
Site & Location
Neighborhood
Willmore
Additional Details
Multifamily Units
2
Building Details
Building Size
1,296 SF
Year Built
2003
Buildings
1
Listing Agency:
Foundation Realty
(562) 234-4169
Listed By:
Marco Estrada · License #01902878
(562) 435-4171
Source:
Shimrealestate
Added: Sep 6, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foundation Realty
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Investment Insights
Based on property information with market context.
This 1,296-square-foot duplex, built in 2003, contains two residential units. Improvements include a new roof, exterior stucco, dual-pane windows, keyless-entry doors, two water heaters, fresh landscaping, and a six-foot vinyl fence. Each unit has three mini-split systems, vaulted ceilings, SPC oak flooring, and updated lighting. Kitchens feature Knotty Alderwood cabinetry, Acacia butcher-block counters, tile backsplashes, stainless-steel sinks, dishwashers, and microwaves. The rear unit also includes stainless-steel appliances, a washer and dryer, and a wall-mounted television. Carrera marble and a floating vanity with an LED defogging mirror finish the bathroom updates.
Each unit has a two-car garage, with tandem parking also described along the alley. The property is located in Long Beach at 1238 Magnolia Avenue.
Each unit has a two-car garage, with tandem parking also described along the alley. The property is located in Long Beach at 1238 Magnolia Avenue.
Key Highlights
- Two‑unit duplex totaling 1,296 square feet
- Built in 2003
- Each unit includes a two‑car garage; tandem parking is available off the alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,788
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,760
$595.8K
Cap Rate 7%
$425,543
$425.5K
Cap Rate 9%
$330,978
$331.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$44.3K $34.20/SF
− Vacancy
−$1.8K −$1.36/SF
EGI
$42.6K $32.84/SF
− OpEx
−$12.8K −$9.85/SF
NOI
$29.8K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,760
Cap Rate 7%
$425,543
Cap Rate 9%
$330,978
Alternative Uses
Best Use
Multifamily LT 5
$425.5K
$372.4K – $496.5K
NOI $29,788 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$392.2K
$343.1K – $457.5K
NOI $27,451 @ 7.0% cap · market cap 3.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,854
Businesses Nearby
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Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer upgraded interiors, separate climate-control systems, and alley-side parking.
Where is this duplex located?
The property is located at 1238 Magnolia Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,296 square feet; Built in 2003; Each unit includes a two‑car garage; tandem parking is available off the alley
