1950 Magnolia AV
Long Beach, CA, 90806
$978,700
6 Beds
2 Baths
2,016 SqFt
0.1 Acres
Add
MLS #26665805 image #0
The Best Priced Duplex in Long Beach. 2 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control – maximum annual increase of 5% + CPI (currently 8.0%). Located by the Wrigley Area a short drive from Down Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree lined street. Excellent Owner User opportunity as well – live in one unit and offset your mortgage with the rent from the other. The property features two 3 bed/1 bath units with a private courtyard and a 3 car garage in the rear (separate structure). Both units are currently rented ($2900 and $3200). The garages are rented for an additonal $300/month. One of the units has been heavily updated. There is the potential to convert the garages to an ADU – Buyer to verify. This could add a 3rd unit and generate significant rental income. The property is well maintained and has been updated as follows: All new Pex water supply lines in both units – done in 2022. All new ABS drain/sewer lines in both units – done in 2022. All new gas lines in Unit 1950 – done in 2022. Completely remodeled Unit 1950 – new flooring, paint, fixtures, countertops, vanity, tub, tile, new stove, microwave, dishwasher, fridge, and all new double-pane vinyl windows – done in 2024. A new owner could owner occupy one of the units within a few months of the close of escrow.

Property Details

Price:
$978,700
MLS #:
26665805
Status:
Active
Beds:
6
Baths:
2
Type:
Single Family
Neighborhood:
5wrigleyarea
Listed Date:
Mar 18, 2026
Finished Sq Ft:
2,016
Total Sq Ft:
2,016
Lot Size:
4,153 sqft / 0.10 acres (approx)
Year Built:
1929
5 – Wrigley Area5wrigleyarea

Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
NO
Heating
WL
Levels
A

Exterior

Parking Spots
3
Parking Total
3

Financial

Gross Operating Income
$73,000
Net Operating Income
$48,000

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Apr 06, 2026
752
Single Family Listed
59
Avg DOM
429
Avg $ / SqFt
$1,059,145
Avg List Price

Property Summary

    1950 Magnolia AV Long Beach CA is a Single Family for sale in Long Beach, CA, 90806. It is listed for $978,700 and features 6 beds, 2 baths, and has approximately 2,016 square feet of living space, and was originally constructed in 1929. The current price per square foot is $485. The average price per square foot for Single Family listings in Long Beach is $429. The average listing price for Single Family in Long Beach is $1,059,145.

Similar Listings Nearby

broker reciprocity
MLS# PW25236994broker reciprocity
2510 Termino
Long Beach, CA

$1,265,000

3.1 miles away

broker reciprocity
MLS# NP25271654broker reciprocity
1710 Freeman Ave
Long Beach, CA

$1,260,000

2.5 miles away

broker reciprocity
MLS# 25620411broker reciprocity
508 W 10th ST
Long Beach, CA

$1,250,000

1.0 miles away

broker reciprocity
MLS# PW25268883broker reciprocity
1612 E 7th
Long Beach, CA

$1,250,000

1.9 miles away

broker reciprocity
MLS# NP26057554broker reciprocity
2430 Marber
Long Beach, CA

$1,250,000

4.3 miles away

broker reciprocity
MLS# MB26061817broker reciprocity
1864 Cedar
Long Beach, CA

$1,250,000

0.2 miles away

broker reciprocity
MLS# PW26061835broker reciprocity
1342 E Wesley
Long Beach, CA

$1,250,000

1.4 miles away

broker reciprocity
MLS# PW26069273broker reciprocity
1339 E Wesley DR
Long Beach, CA

$1,250,000

1.4 miles away

broker reciprocity
MLS# 26665767broker reciprocity
3305 Brayton AV
Signal Hill, CA

$1,250,000

2.1 miles away

broker reciprocity
MLS# PW26062349broker reciprocity
1709 E Luray
Long Beach, CA

$1,249,900

4.0 miles away

1950 Magnolia AV
Long Beach, CA