1950 Magnolia Ave Long Beach, CA 90806
MULTI_FAMILY - Long Beach, CA
Property size:
2,016 SFLot size:
0.10 AcresPrice / SF:
$484/SF- Added:
- Mar 17, 2026
- Days on Market:
- 47
- Last Refresh:
- May 2 at 12:06 pm
Property Features for 1950 Magnolia Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LBR2N
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 2
- 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
Listing URL
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: Income Opportunity
This Long Beach duplex, situated near the Wrigley Area and a short drive from downtown, presents an excellent income opportunity. The property features two 3-bed, 1-bath units with a private courtyard and a detached 3-car garage. The property is not subject to local rent control, only subject to AB 1482 rent control with a maximum annual increase of 5% + CPI (currently 8.0%). Both units are currently rented for $2900 and $3200, with an additional $300 per month from garage rentals. One of the units has been extensively remodeled with new flooring, paint, fixtures, countertops, vanity, tub, tile, stove, microwave, dishwasher, fridge, and double-pane vinyl windows, completed in 2024. This remodeled unit is scheduled to be vacant by the end of July, offering a potential owner-occupancy opportunity. Updates to the property include new Pex water supply lines and ABS drain/sewer lines in both units, installed in 2022, and new gas lines in one unit, also done in 2022. There is potential to convert the garages to an ADU, which could add a third unit and generate additional rental income; buyer to verify. The property is located on a quiet, tree-lined street. The property size is 2016 square feet and the lot size is 0.0953 acres.
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 - Long Beach duplex near downtown redevelopment 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 $977,500.
What are key features of this property?
This property features: Duplex in Long Beach NOT subject to local rent control, only AB 1482.; Excellent owner‑user opportunity to live in one unit and rent the other.; One unit remodeled in 2024 with new flooring, paint, fixtures, countertops, vanity, tub, tile, stove, microwave, dishwasher, fridge, and double‑pane vinyl windows and will be vacant soon.
