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

2905 Magnolia Avenue, Long Beach, California 90806 home-pic-0

2905 Magnolia Avenue

Long Beach, California 90806

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
2,042Sq Ft
6,530Lot Size

Property Price

LIST PRICE$1,069,000
EST. MARKET VALUE
$1,099,000

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

$1,099,000
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2905 Magnolia Avenue
Subject
$1,069,000*
List Price
332,042$538-
A
2860 Chestnut Avenue
Sold
$1,075,000321,715$6270.2 mi
B
520 W 37th Street
Sold
$975,000331,516$6430.8 mi
C
2740 San Francisco
Sold
$1,010,000431,487$6790.3 mi
D
2451 Oregon Avenue
Sold
$1,100,000322,479$4440.6 mi
E
2451 Daisy
Sold
$890,000211,364$6520.6 mi
F
720 W Columbia Street
Active
$899,900
List Price
321,829$4920.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

6/10

Lafayette Elementary School

Grades K-5 • 0.6 mi

8/10

Burnett Elementary School

Grades K-5 • 1.1 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.02.0
86%
Square foot2,0421,364
95%
Lot Size6,5305,752
84%
Price$1.07M$829.0K
89%
Price per sq ft$524$645
19%
Built year19481940
84%
HOA$0$0
50%
Days on market30156
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

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