$1,039,000
 $5,578 est/mo Sourced by Back At You

2905 Magnolia,Long Beach, CA 90806

Long Beach, CA 90806

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Description

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.

Details

MLS #PW26138663
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusPending
Year1948
Days On Site59
Listing Provided ByWERE Real Estate Inc | TRAVIS JACKSON

Features

SQ Feet2,393
Garage2
Story(s)1
Units2
Building(s)1
Acreage0.15

Exterior

Lot FeaturesCorner Lot

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Community NameWrigley Area (WR)
Listing VS Median (in Wrigley Area (WR))
Price:
$1,039,000
low | high
Med:
$1,600,000
3.994225216554% of Average
sqft:
2,393
low | high
Med:
4,877
53.802758044296% of Average
$ / sqft:
$434
low | high
Med:
$328
74.439577415785% of Average
On site:
59
low | high
Med:
76
77.631578947368% 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
Community NameWrigley Area (WR)
Listing VS Median (in Wrigley Area (WR))
Price:
$1,039,000
low | high
Med:
$1,600,000
3.994225216554% of Average
sqft:
2,393
low | high
Med:
4,877
53.802758044296% of Average
$ / sqft:
$434
low | high
Med:
$328
74.439577415785% of Average
On site:
59
low | high
Med:
76
77.631578947368% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 11:22:26 PM PDT