2421 Magnolia, Long Beach, California 90806, Long Beach, 90806 - 0 bed, 0 bath
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2421 Magnolia
Long Beach, California 90806
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,516Sq Ft
6,000Lot Size
Property Price
LIST PRICE$1,200,000
EST. MARKET VALUE
$1,390,075
13% BelowMARKET VALUE
SUMMARY
This four-unit property represents a High-Potential Investment Opportunity, listed at a List Price of $1,200,000—positioned well below the $1,390,075 Fair Market Value by 13%. This valuation gap offers $190,075 in Instant Equity. With a Condition Rating of 4, the asset features a Diversified Unit Mix and Dedicated Garage Parking, though the vintage 1942 infrastructure suggests potential for value-add modernization. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable, long-term rental performance in Long Beach.
Estimated Market Value
$1,390,075+$190,075 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1942, this 82-year-old property is well-maintained externally with clean stucco and landscaping, but the lack of interior photos and mention of long-term tenancy suggests dated kitchens, bathrooms, and systems that likely exceed the 20-year threshold for modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Unit Mix
The property features a balanced mix of two 2-bedroom and two 1-bedroom units, providing income stability and appealing to a broad range of tenant profiles.
- Exceptional Pride of Ownership
Held by the same family since 1948, the property exhibits superior maintenance, including manicured landscaping, clean concrete walkways, and well-kept stucco.
- Dedicated Garage Parking
Each unit includes an individual one-car garage with convenient alley access, a highly desirable amenity in Long Beach that adds significant value and tenant appeal.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1942, the property may require future capital improvements to modernize aging mechanical, electrical, or plumbing systems to meet current efficiency standards.
- Local School Ratings
The assigned high school, Cabrillo High, has a low rating of 3, which may be a consideration for long-term tenants with older children or future resale value.
About 2421 Magnolia
Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1942
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Lafayette Elementary School
Grades K-5 • 0.1 mi
8/10
Birney Elementary School
Grades K-5 • 0.7 mi
6/10
Burnett Elementary School
Grades K-5 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 3,516 | 3,749.222 |
| Lot Size | 6,000 | 5,654.444 |
| Price | $1.20M | $1.44M |
| Price per sq ft | $341 | $381 |
| Built year | 1942 | 1928 |
| HOA | $0 | $0 |
| Days on market | 5 | 92 |
Pricing History
Listed for Sale
Sep 4, 2026
$1,200,000
Initial Listing