Updated Two-Unit
2250 Magnolia Ave Long Beach, CA 90806
2250 Magnolia Ave, Long Beach, CA, 90806
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For Sale
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Two updated 2-bedroom/1-bath units with major 2018 systems work, suited to owner-occupancy or rental income.
Property Size2,416 SF
Lot Size0.15 Acres
Price / SF$496.69
Days on Market19
Property Features for 2250 Magnolia Ave
General Information
- Standard status
- Active
- Size
- 2,416 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1934
Listing Agency
Lyon Stahl Investment Real Estate
(310) 259-7556
Listed by
Cameron Samimi · License #CA 02035763
Source
Crexi
Added: Jun 30 Checked: Jul 15 at 12:05 pm
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This updated two-unit duplex offers two separate 2-bedroom, 1-bath residences within a well-maintained property. Built in 1934, the home was meticulously updated in 2018, including owner-installed new copper plumbing throughout and a full electrical replacement with new breaker box. Vinyl windows were also installed, supporting a cleaner, more consistent interior environment across the units.
The duplex is located at 2250 Magnolia Ave in Long Beach. The property sits on a generous 6,501-square-foot lot and is zoned LBR2N. The current scheduled gross income is approximately $62,772, with pro forma scheduled gross income of approximately $66,000 as provided in the offering materials.
This configuration is practical for an owner-user who wants to occupy one unit while renting the other, or for an investor seeking a residential income property with documented 2018 upgrades to core systems. With two distinct living spaces already set up as rental units, it can support straightforward occupancy management aligned with the existing duplex layout.
The duplex is located at 2250 Magnolia Ave in Long Beach. The property sits on a generous 6,501-square-foot lot and is zoned LBR2N. The current scheduled gross income is approximately $62,772, with pro forma scheduled gross income of approximately $66,000 as provided in the offering materials.
This configuration is practical for an owner-user who wants to occupy one unit while renting the other, or for an investor seeking a residential income property with documented 2018 upgrades to core systems. With two distinct living spaces already set up as rental units, it can support straightforward occupancy management aligned with the existing duplex layout.
Key Highlights
- Two updated 2‑bedroom/1‑bath units in a 1934‑built residential property in Long Beach.
- Major 2018 updates include all‑new copper plumbing, full electrical rewiring with new breaker box, and new vinyl windows.
- Approx. 2,416 SF total on a 6,501 SF lot, zoned LBR2N.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.2k | $27.00 |
| − Vacancy | −$3.4k | −$1.40 |
| EGI | $61.8k | $25.60 |
| − OpEx | −$18.6k | −$7.68 |
| NOI | $43.3k | $17.92 |
2,416 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$618.4K
$541.1K – $721.5K
NOI $43,288 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$555.7K
$486.3K – $648.4K
NOI $38,902 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,546 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated 2-bedroom/1-bath units with major 2018 systems work, suited to owner-occupancy or rental income.
Where is this duplex located?
The property is located at 2250 Magnolia Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two updated 2‑bedroom/1‑bath units in a 1934‑built residential property in Long Beach.; Major 2018 updates include all‑new copper plumbing, full electrical rewiring with new breaker box, and new vinyl windows.; Approx. 2,416 SF total on a 6,501 SF lot, zoned LBR2N.
