$965,000
-$11,0001950 Magnolia Avenue, Long Beach CA 90806
Multi-Family (2 Units)
Property type
90 days
On market
$479
Price per sqft
N/A
Garage
1929
Year built
4,153 sqft
Lot size
Open Houses
Overview
The Best Priced Duplex in Long Beach. 2 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). 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 -...
Listing provided by: Jonathan Swire DRE #01336277 310-948-2631, The Agency
Listing updated: Jun 10, 2026 at 03:43pm.
Last checked: Jun 15, 2026 at 05:30am
Source: CRMLS #26665805
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 3 | 1 | — | $3,200 | $3,200 | $3,200 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Financial Snapshot
Gross Rent Multiplier
12.6x
List Price / Annual Gross Rent
Cap Rate
5.2%
NOI / List Price
Net Operating Income: $48,000
Interior
Cooling: None
Heating: Wall Furnace
Exterior
Stories Total: 0
Levels: One
Garage and Parking
Parking: Assigned
Parking Total: 3
Lot Information
Land Lease: No
Parcel #: 7209032012
Zoning: LBR2N
Community
HOA: No
Senior Community: No