1238 Magnolia Avenue, Long Beach, California 90813, Long Beach, 90813 - 4 bed, 2 bath

1238 Magnolia Avenue
Long Beach, California 90813
Property Price
SUMMARY
Analysis of 1238 Magnolia Avenue, Long Beach, California 90813 is currently available with a list price of $860,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 2003, this duplex has undergone an extensive, high-end renovation within the last 5 years, meeting the criteria for excellent condition. The property features a new roof, new exterior stucco, and new mini-split HVAC systems. The interiors are fully updated with SPC oak flooring, designer kitchens boasting Acacia butcher block counters and Knotty Alderwood cabinetry, and luxury bathrooms with Carrera marble and floating vanities. All major systems and cosmetic finishes are virtually new with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
The property features extensive high-end upgrades including a new roof, exterior stucco, mini-split HVAC systems, and designer finishes like Carrera marble and Knotty Alderwood cabinetry, offering a move-in ready experience with minimal immediate CapEx.
- Development Potential
Zoned R-4 in an up-and-coming district, this property provides significant long-term value through the potential to increase density and add additional units to the existing portfolio.
- Ample Parking
Rare for Long Beach, each unit includes a private two-car garage plus additional tandem parking off the alley, a premium amenity that significantly enhances tenant desirability and rental income potential.
CONSRISKS & DEFICIENCIES
- Transitional Neighborhood
Located in the 90813 zip code, the area is still in a transitional phase, which may present challenges regarding neighborhood perception and immediate appreciation compared to more established Long Beach districts.
- Market Resistance
The history of multiple price reductions and extended days on market suggests the property may face appraisal challenges or that the current list price is still testing the upper limits of the micro-market.
About 1238 Magnolia Avenue
Make a smart move with this turnkey Duplex in the up-and-coming Wilmore district of Long Beach. Live in one unit and rent out the other to cut your mortgage payment in half and reap the benefits of becoming a new landlord or add an impressive R-4 property to your existing portfolio. Each unit comes with a two-car garage, as well as a tandem parking space off the alley. There are numerous upgrades, including a new roof, complete exterior stucco, dual-pane windows, keyless entry doors, two water heaters, fresh landscaping with a 6-foot white vinyl fence, exterior and interior painting, and three TCL brand mini-split systems per unit. Inside, you’ll enjoy vaulted ceilings, SPC oak floors by Republic, baseboards, modern chandeliers, and wall sconces. The back unit features high-end stainless-steel appliances and includes a washer and dryer, as well as a wall-mounted television. The kitchens boast Knotty Alderwood cabinetry, high-end Acacia butcher block counters, a 3D tile backsplash, a stainless-steel sink, dishwasher, microwave, and recessed lighting. Finally, the bathroom is outfitted with beautiful veinous Carrera marble and a floating vanity featuring an LED mirror with a built-in defogger. It makes sense to buy two completely renovated units, with the potential to add more, rather than being stuck with just one, as a home should always be considered an investment that holds the key to your future.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2003
- Lot Size
- 4,303 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | - | 94% |
| Baths | 2.0 | - | 94% |
| Square foot | 1,296 | 2,455 | 25% |
| Lot Size | 4,303 | 4,952.5 | 31% |
| Price | $860.0K | $977.5K | 38% |
| Price per sq ft | $664 | $378 | 88% |
| Built year | 2003 | 1923 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 181 | 144 | 69% |
Pricing History
Listed for Sale
Dec 3, 2025
$860,000
$865,000
-1% Price Drop
Initial Listing
Price Change
Nov 5, 2025
$865,000
$869,800
-1% Price Drop
Initial Listing
Price Change
Oct 27, 2025
$869,800
$875,000
-1% Price Drop
Initial Listing
Price Change
Sep 6, 2025
$875,000
Initial Listing
Sold
Apr 24, 2024
$540,000
Public Record




















