2905 Magnolia Avenue, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 3 bath
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Long Beach, California 90806
This Updated Income-Ready Residence is a High-Potential Investment Opportunity listed at $1,049,000, representing a stable entry at its $1,049,000 Fair Market Value. Holding an Excellent Condition Rating, the home features a custom quartz kitchen, solar panels, and a luxury primary suite. The property includes city-approved duplex conversion plans, providing a clear path for rental income or multi-generational living. Situated near top-rated Lafayette Elementary within the Long Beach Unified district, this asset perfectly blends lifestyle and utility. It is ideal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2905 Magnolia Avenue Subject | $1,049,000* List Price | 3 | 3 | 2,042 | $514 | - |
A 2860 Chestnut Avenue Sold | $1,075,000 | 3 | 2 | 1,715 | $627 | 0.2 mi |
B 520 W 37th Street Sold | $975,000 | 3 | 3 | 1,516 | $643 | 0.8 mi |
C 2451 Daisy Sold | $890,000 | 2 | 1 | 1,364 | $652 | 0.6 mi |
D 2451 Oregon Avenue Sold | $1,100,000 | 3 | 2 | 2,479 | $444 | 0.6 mi |
E 2246 Golden Avenue Sold | $910,000 | 2 | 1 | 1,393 | $653 | 0.9 mi |
F 310 W 32nd Active | $1,025,000 List Price | 3 | 2 | 1,603 | $639 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1948 home has been extensively renovated within the last 5 years, featuring a custom kitchen with quartz countertops and soft-close cabinetry, high-end spa-like bathrooms with jetted tubs and walk-in showers, and modern hardwood flooring throughout. The property includes significant recent system upgrades such as solar panels, central A/C, an EV charger, and a fully equipped outdoor kitchen, all of which meet current high-quality standards with no visible deferred maintenance.
The property includes city-approved plans to convert the home into a duplex and expand to a 4-bedroom layout, offering exceptional versatility for investors or multi-generational living.
Equipped with high-value sustainable features including solar panels, an EV charger, central A/C, and a fully remodeled custom kitchen with quartz countertops and high-end finishes.
The corner lot features a full outdoor kitchen with a wet bar, low-maintenance landscaping, and dedicated RV/boat parking with hookups, catering to an active California lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2042, other record living area = 2393.
With 69 days on market and two consecutive price reductions, the property is currently struggling to find its value floor in the current competitive landscape.
While local elementary schools perform well, the assigned high school has a significantly lower rating, which may deter long-term family buyers.
Income Opportunity! Welcome to this quintessential Long Beach home on a corner lot, ideally located near Downtown Long Beach, Shoreline Village & Marina, Alamitos Beach, and major freeways. This updated residence offers 3 bedrooms, 3 bathrooms, and two spacious living areas. This home also includes city plans to convert the property into two separate units- an incredible option for those seeking an income opportunity, the flexibility to live in one unit and rent the other, or simply the ability to create a duplex down the line. The plans also feature an additional bedroom off the primary suite, allowing the home to expand into a 4-bedroom layout. As an added bonus, the owner still has the kitchen appliances and cabinets available from the front unit, should the future buyer wish to use them. The light-filled living room features a skylight, cozy gas fireplace, and bathroom with oversized shower. The custom kitchen boasts quartz countertops, under-cabinet lighting, soft-close drawers, breakfast bar seating, and a barn-door pantry. Just off the kitchen, the family/dining room includes a wet bar and beverage fridge- perfect for entertaining. The primary suite impresses with a California Closets walk-in, private sunroom, and spa-like bath with jetted soaking tub, dual sinks, & large walk-in shower. Outdoors, enjoy a low-maintenance yard with a full outdoor kitchen with wet bar & fridge, RV/boat parking with RV hookups, and plenty of space to host. Additional highlights include solar, A/C, hardwood floors, ceiling fans, loft storage in the garage, EV charger, dual washers/dryers, and more. Whether you’re seeking an income-producing property or a forever home, this Long Beach gem has it all.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 88% |
| Square foot | 2,042 | 1,364 | 95% |
| Lot Size | 6,530 | 6,000 | 79% |
| Price | $1.05M | $828.0K | 91% |
| Price per sq ft | $514 | $627 | 30% |
| Built year | 1948 | 1940 | 81% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 163 | 28% |
Apr 14, 2026
$1,049,000
$1,069,000
-2% Price Drop
Initial Listing
Mar 3, 2026
$1,069,000
$1,099,000
-3% Price Drop
Initial Listing
Feb 4, 2026
$1,099,000
Initial Listing
Mar 19, 2020
$792,500
Public Record
Jul 31, 2014
$525,000
Public Record
May 23, 2014
$410,000
Public Record
Mar 30, 2001
$210,000
Public Record