2905 Magnolia Long Beach, CA ^$ 1,039,000

2905 Magnolia

^$ 1,039,000

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Recently Listed

2905 Magnolia

Long Beach, CA, 90806

^$ 1,039,000

Studio Baths1.0 Sq 2,393

Monthly Estimate*

^$ 6,560

Listed by WERE Real Estate Inc

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View a Virtual Tour

Studio

Multi-Family Home for sale in Long Beach, CA

for $1,039,000 with 1 full bath. This 2,393 square foot home was built in 1948 on a lot size of 0.1499.

Welcome to 2905 Magnolia! A rare income producing opportunity in the heart of Wrigley. Currently configured as a spacious single family home, this versatile property can be easily converted back into a duplex, making it ideal for investors or owner occupants looking to offset their mortgage with rental income. The real value lies in the upside: city approved plans are already in place to create a 2-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, offering exceptional flexibility and strong income potential. Situated on a large corner lot with RV parking, hookups, and extensive outdoor living space, the property is perfectly positioned for multigenerational living, house hacking, or long-term investment. Whether you're looking to maximize cash flow, build equity, or live in one unit while renting the other, 2905 Magnolia delivers a unique combination of lifestyle, flexibility, and future value that is hard to find in Long Beach.

Multi-Family Active

Price

^$ 1,039,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1499

Year Built

1948

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26138663

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 2

Pool Features None

Year Built 1948

Tenant Pays None

Property Subtype Duplex

Gross Income 0

Community Features Curbs

County Los Angeles

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

New Construction false

Property Type Residential Income

Subdivision Name Wrigley Area (WR)

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions South on Magnolia from Spring

City Long Beach

Entry Location 1

Senior Community Y/N false

Number Of Units Total 2

MLS Area 5 - Wrigley Area

Lot Size Units Square Feet

Lot Size Square Feet 6530

Listing Terms Cash to New Loan

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N false

Rent Control Y/N false

Virtual Tour https://www.zillow.com/view-imx/df5d93e3-f6f9-422d-8661-1709d4931d80?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/df5d93e3-f6f9-422d-8661-1709d4931d80?wl=true&setAttribution=mls&initialViewType=pano

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 24

Property Sub Type Additional Duplex

Interior

Total Stories 1

Common Walls No Common Walls

Laundry Features Laundry Closet In Garage

Entry Level 1

Exterior

Lot Features Corner Lot

Water Source Public

Total Parking 2

Lot Size Area 6530

Number of Buildings 1

Building Area Total 2393

Lot Size Acres 0.1499

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 1

* Excluded Features

List By

Were Real Estate Inc

Broker

travis@oceancrestre.com

Affordability Calculator

$6,560

Per Month

Monthly Principal & Interest: $6,560
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

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 ^$1,844,755

Percent of Sale Price 78%

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
6/25/2026	$1,039,000		Listed Price

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2905 Magnolia, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,039,000 with 2,393 sqft and a lot size of 0.1499. 2905 Magnolia is a studio with 1.0 baths and was built in 1948. 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 6/26/2026. 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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2905 Magnolia

Multi-Family Home for sale in Long Beach, CA

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