USACALong Beach1950 Magnolia Ave
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New
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$979,000

For Sale

11 hours ago

1950 Magnolia Ave, Long Beach, CA

MLS® 26665805

6 Bed

2 Bath

2016 sqft

3 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 2016 sqft
Garage No
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1929
Avg. Price Per Sqft $485
MLS® Number 26665805

Property Address: 1950 Magnolia Ave, Long Beach, CA, 90806-4222

Average square foot calculated using Size range provided by listing agent.

Description

2 units in Long Beach NOT subject to local rent control. Duplex in Long Beach 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). 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. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
MLS® Number26665805
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1929
Stories0
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 18, 2026List Date
$979,000List Price
  • Commute

Commute

Starting Address
Destination Address
1950 Magnolia Ave, Long Beach, CA

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