2421 Magnolia Long Beach, CA ^$ 1,200,000

2421 Magnolia

^$ 1,200,000

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Recently Listed

2421 Magnolia

Long Beach, CA, 90806

^$ 1,200,000

Studio Baths1.0 Sq 3,516

Monthly Estimate*

^$ 7,577

Listed by Frank Lynch IV,Broker

2421 Magnolia, Long Beach, CA 90806 - Image 1

2421 Magnolia, Long Beach, CA 90806 - Image 2

2421 Magnolia, Long Beach, CA 90806 - Image 3

2421 Magnolia, Long Beach, CA 90806 - Image 4

2421 Magnolia, Long Beach, CA 90806 - Image 5

2421 Magnolia, Long Beach, CA 90806 - Image 6

2421 Magnolia, Long Beach, CA 90806 - Image 7

2421 Magnolia, Long Beach, CA 90806 - Image 8

2421 Magnolia, Long Beach, CA 90806 - Image 9

Studio

Multi-Family Home for sale in Long Beach, CA

for $1,200,000 with 1 full bath. This 3,516 square foot home was built in 1942 on a lot size of 0.1377.

Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.

Multi-Family Active

Price

^$ 1,200,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1377

Year Built

1942

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

RS26193414

Days on Market

Features

General

Sewer Public Sewer

Heating Forced Air

Roof None

Appliances Gas Range

HOA Fee 0

Garage Spaces 1

Pool Features None

Year Built 1942

Tenant Pays All Utilities Electricity Gas Insurance Other

Stories Count 2

Levels Two

Property Subtype Mixed Use

Gross Income 81510

Community Features Biking Suburban Sidewalks

Accessibility None

County Los Angeles

Net Operating Income 81510

Operating Expense 4290

Insurance Expense 1250

New Construction false

Property Type Residential Income

HOA false

Subdivision Name Wrigley Area (WR)

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions Take Willow to Magnolia and go west .3 miles.

City Long Beach

Entry Location Frount

Senior Community Y/N false

Open Parking Spaces 0

Number Of Units Total 4

MLS Area 5 - Wrigley Area

Lot Size Units Square Feet

Lot Size Square Feet 6000

Carport Spaces 0

Number of Units Leased 4

Listing Terms Cash to New Loan Conventional

Property Attached Y/N true

Land Lease Y/N false

Trash Expense 900

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Public Records

Tax Lot 22

Property Sub Type Additional Mixed Use

Interior

Flooring Laminate

Fireplace Features Bath Gas Kitchen

Total Stories 2

Common Walls 1 Common Wall

Heating Y/N true

Fireplace Y/N true

Laundry Features Common Area

Entry Level 2

Exterior

Fencing None

Parking Features Assigned

Lot Features 2-5 Units/Acre Front Yard Sprinklers In Rear Sprinklers In Front Lawn Landscaped Sprinklers On Side Street Level

Water Source Public

Total Parking 1

Lot Size Area 6000

Number of Buildings 1

Building Area Total 3516

Lot Size Acres 0.1377

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 4

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

* Excluded Features

List By

Frank Lynch Iv,Broker

Broker

fjlynchiv@gmail.com

Affordability Calculator

$7,577

Per Month

Monthly Principal & Interest: $7,577
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,922,431

Percent of Sale Price 60%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/4/2026	$1,200,000		Listed Price

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2421 Magnolia, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,200,000 with 3,516 sqft and a lot size of 0.1377. 2421 Magnolia is a studio with 1.0 baths and was built in 1942. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 9/6/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2421 Magnolia

Multi-Family Home for sale in Long Beach, CA

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