$1,150,000
 $6,173 est/mo Sourced by Back At You

2250 Magnolia,Long Beach, CA 90806

Long Beach, CA 90806

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Description

TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,040 and pro forma scheduled gross income of approximately $63,600. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.

Details

MLS #SB26142307
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1934
Days On Site54
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Cameron Samimi

Features

SQ Feet2,416
Garage1
Story(s)2
Units2
Building(s)2
Acreage0.15

Interior

HeatingFireplaces
Heating Yes / NoYes
AppliancesGas Range
Fireplace Yes / NoYes

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Parking FeaturesAssigned
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks, Urban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Listing VS Median (in 90806)
Price:
$1,150,000
low | high
Med:
$1,600,000
10.869565217391% of Average
sqft:
2,416
low | high
Med:
4,008
15.894039735099% of Average
$ / sqft:
$476
low | high
Med:
$399
66.132951488328% of Average
On site:
54
low | high
Med:
10
100% of Average
Sourced by Back At You

Market Activity 90806

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Additional Information

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Listing VS Median (in 90806)
Price:
$1,150,000
low | high
Med:
$1,600,000
10.869565217391% of Average
sqft:
2,416
low | high
Med:
4,008
15.894039735099% of Average
$ / sqft:
$476
low | high
Med:
$399
66.132951488328% of Average
On site:
54
low | high
Med:
10
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $862K - $1.437M
sqft: 1,500 - 3,000
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Listing Updated: August 21, 2026 at 11:52:22 PM PDT