1454 Magnolia, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Value-Add Quadruplex Asset is listed at $1,090,000, positioned as a strategic income-generating opportunity relative to its $900,843 Fair Market Value. The property features four 1-bedroom units with significant potential to reconfigure each into 2-bedroom layouts, maximizing rental yield. Boasting an Exceptional Walk Score of 93 and a Value 5 Condition Rating, the 1918 structure requires modernization of its historic infrastructure but offers immediate upside with two vacant units. This is a high-potential acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on Long Beach's rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1454 Magnolia Subject | $1,090,000* List Price | 0 | 0 | 2,800 | $322 | - |
A 1364 Cherry Sold | $970,000 | 0 | 0 | 2,544 | $381 | 0.1 mi |
B 816 Cherry Sold | $1,175,000 | 0 | 0 | 2,600 | $452 | 0.1 mi |
C 817 E New York Sold | $1,150,000 | 0 | 0 | 3,076 | $374 | 0.9 mi |
D 1070 N Loma Vista Drive Active | $1,147,800 List Price | 0 | 0 | 2,644 | $434 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1918, this property is over 100 years old and the listing explicitly identifies 'Historic Infrastructure' as a weakness, noting that aging electrical, plumbing, and structural systems likely require substantial updates. The absence of interior photos of the kitchens and bathrooms, combined with the 'value-add' description and the suggestion to reconfigure units, indicates the property requires significant rehabilitation to meet modern standards.
The property offers a significant opportunity to increase rental income and equity by converting the existing four 1-bedroom units into 2-bedroom configurations.
With a Walk Score of 93, the property is situated in a prime, highly walkable location near shopping, dining, and major public transportation hubs.
Two units are currently vacant, allowing an investor to immediately renovate or lease at current market rates without the constraints of existing tenant relocations.
Built in 1918, the property may require substantial ongoing maintenance and capital expenditures to update aging electrical, plumbing, and structural systems.
The assigned high school has a low performance rating, which may limit the property's appeal to long-term family tenants and impact future resale value.
4plex in the heart of Long Beach. This property features four 1-bedroom, 1-bath units, with the potential of turning each of them into 2 bedroom units. Two vacant units now. The building has a functional layout and a central front entry, providing straightforward management and leasing. The property includes a large rear concrete area with gated access, offering potential for additional parking, tenant use, or future improvements. Separate access pathways and open space enhance usability for both tenants and ownership. Located in the Washington neighborhood of Long Beach, the property benefits from a highly walkable location (Walk Score ~93) with easy access to shopping, dining, public transportation, and major commuter routes.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,800 | 2,544 | 60% |
| Lot Size | 4,735 | 5,200 | 33% |
| Price | $1.09M | $1.02M | 60% |
| Price per sq ft | $389 | $389 | 50% |
| Built year | 1918 | 1922 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 164 | 7% |
Apr 8, 2026
$1,090,000
Initial Listing
Dec 26, 2002
$465,000
Public Record