1950 Magnolia AV
Long Beach, CA, 90806
$949,000
6 Beds
2 Baths
2,016 SqFt
0.1 Acres
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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 8.7%). 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 remodeled unit will be delivered vacant (current tenants are moving out at the end of July). 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. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preperation for the 2028 Olympics.

Property Details

Price:
$949,000
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

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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 Jul 27, 2026
800
Single Family Listed
65
Avg DOM
469
Avg $ / SqFt
$1,160,295
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 $949,000 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 $471. The average price per square foot for Single Family listings in Long Beach is $469. The average listing price for Single Family in Long Beach is $1,160,295.

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1950 Magnolia AV
Long Beach, CA