2905 Magnolia Avenue, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 3 bath

2905 Magnolia Avenue
Long Beach, California 90806
Property Price
SUMMARY
Analysis of 2905 Magnolia Avenue, Long Beach, California 90806 reveals a Fairly Priced Property with a current list price of $1,069,000 aligned with the estimated $1,099,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2905 Magnolia Avenue Subject | $1,069,000* List Price | 3 | 3 | 2,042 | $538 | - |
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 2740 San Francisco Sold | $1,010,000 | 4 | 3 | 1,487 | $679 | 0.3 mi |
D 2451 Oregon Avenue Sold | $1,100,000 | 3 | 2 | 2,479 | $444 | 0.6 mi |
E 2451 Daisy Sold | $890,000 | 2 | 1 | 1,364 | $652 | 0.6 mi |
F 720 W Columbia Street Active | $899,900 List Price | 3 | 2 | 1,829 | $492 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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, modern hardwood flooring, and updated major systems including solar panels, central A/C, and an EV charger. The property is in move-in-ready condition with high-end finishes like a California Closets walk-in, a spa-like primary bathroom, and a fully equipped outdoor kitchen.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The property includes city-approved plans for a duplex conversion and a 4-bedroom expansion, offering exceptional flexibility for multi-generational living or rental income.
- Modern Infrastructure Upgrades
Equipped with high-value sustainable features including solar panels, an EV charger, central A/C, and dual washer/dryer sets, reducing long-term ownership costs.
- Premium Outdoor Amenities
The corner lot features a full outdoor kitchen with a wet bar, low-maintenance landscaping, and rare RV/boat parking complete with dedicated hookups.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2042, other record living area = 2393.
- School District Ratings
The assigned high school has a low performance rating (3/10), which may be a concern for families prioritizing educational proximity and long-term appreciation.
- Deferred Conversion Costs
While plans are included, the transition to an income-producing duplex requires additional capital investment and construction management from the buyer.
About 2905 Magnolia Avenue
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 6,530 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Birney Elementary School
Grades K-5 • 0.2 mi
Lafayette Elementary School
Grades K-5 • 0.6 mi
Burnett Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 86% |
| Square foot | 2,042 | 1,364 | 95% |
| Lot Size | 6,530 | 5,752 | 84% |
| Price | $1.07M | $829.0K | 89% |
| Price per sq ft | $524 | $645 | 19% |
| Built year | 1948 | 1940 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 156 | 3% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,069,000
$1,099,000
-3% Price Drop
Initial Listing
Price Change
Feb 4, 2026
$1,099,000
Initial Listing
Sold
Mar 19, 2020
$792,500
Public Record
Sold
Jul 31, 2014
$525,000
Public Record
Sold
May 23, 2014
$410,000
Public Record
Sold
Mar 30, 2001
$210,000
Public Record





























