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$949,000
130 Days On Site

1950 Magnolia Avenue
Long Beach, CA 90806

For Sale|Residential Income|Active
6
Beds
2
Total Baths
2,016
SqFt
$471
/SqFt
1929
Built
County:
Los Angeles
Call Now: (408) 868-2620
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(408) 868-2620
1950 Magnolia Avenue1950 Magnolia Avenue1950 Magnolia Avenue1950 Magnolia Avenue
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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.

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Listing Snapshot
Price 
$949,000
Days On Site 
130 Days
Bedrooms 
6
Inside Area (SqFt) 
2,016 sqft
Total Baths 
2
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0953 Acres
Year Built 
1929
MLS® Number 
26665805
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 days agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $949,000
4 months agoListing first seen on site
General Features
Acres 
0.0953
Levels 
One
Parking 
Assigned
Parking Spaces 
3
Special Circumstances 
Standard
SqFt Total 
2016
Zoning 
LBR2N
Interior Features
Heating 
Wall Furnace
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Community Features
MLS Area 
5 - Wrigley Area
Listing courtesy of Jonathan Swire of The Agency

Based on information from the The MLS as of 2026-07-27 10:09 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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*Estimate only. Actual rebate may vary based on final price, lender requirements, MLS rules, and broker policies.

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