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

2905 Magnolia Avenue, Long Beach, California 90806 home-pic-0
ACTIVE$1,119,000
2905 Magnolia Avenue, Long Beach, California 90806
3Beds
3Baths
2,042Sqft
6,530Lot

Price Vs. Estimate

The estimated value ($1,119,000) is $0 (0%) lower than the list price ($1,119,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Expansion: City-approved plans for conversion into two separate units and an additional bedroom offer significant income generation potential or flexible living arrangements.
Top Cons:
Property Age: Built in 1948, the property's underlying age, despite updates, may imply potential for older infrastructure issues or higher long-term maintenance costs compared to newer constructions.

Compared to the nearby listings

Price:$1.12M vs avg $778.5K (+$340,450)98%
Size:2,042 sqft vs avg 1,245 sqft95%
Price/sqft:$548 vs avg $64535%

More Insights

Built in 1948 (77 years old).
Condition: Despite being built in 1948, this property has undergone an extensive and high-quality renovation, bringing it to current standards. The description highlights a 'custom kitchen' with quartz countertops, under-cabinet lighting, and soft-close drawers, complemented by stainless steel appliances visible in the images. Bathrooms feature a 'spa-like bath with jetted soaking tub, dual sinks, & large walk-in shower,' with one shower showcasing modern dark tile and pebble flooring. Hardwood floors are prevalent throughout, and modern systems like solar, AC (including mini-splits), and an EV charger are installed. The property shows no signs of deferred maintenance and appears virtually new, meeting the criteria for an excellent condition score.
Year Built
1948
Close
-
List price
$1.12M
Original List price
$1.15M
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
SB25201315
Home ConditionExcellent
Features
Patio
View-

About this home

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, AC, 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.

Nearby schools

6/10
Birney Elementary School
Public,K-50.2mi
8/10
Lafayette Elementary School
Public,K-50.6mi
5/10
Burnett Elementary School
Public,K-51.1mi
8/10
Los Cerritos Elementary School
Public,K-51.2mi
6/10
Robinson Academy
Public,K-80.4mi
7/10
Hughes Middle School
Public,6-81.6mi
6/10
Washington Middle School
Public,6-81.7mi
3/10
Cabrillo High School
Public,9-121.5mi
6/10
Polytechnic High School
Public,9-121.8mi

Price History

Date
Event
Price
03/30/01
Sold
$210,000
03/19/20
Sold
$792,500
07/31/14
Sold
$525,000
05/23/14
Sold
$410,000
Condition Rating
Excellent

Despite being built in 1948, this property has undergone an extensive and high-quality renovation, bringing it to current standards. The description highlights a 'custom kitchen' with quartz countertops, under-cabinet lighting, and soft-close drawers, complemented by stainless steel appliances visible in the images. Bathrooms feature a 'spa-like bath with jetted soaking tub, dual sinks, & large walk-in shower,' with one shower showcasing modern dark tile and pebble flooring. Hardwood floors are prevalent throughout, and modern systems like solar, AC (including mini-splits), and an EV charger are installed. The property shows no signs of deferred maintenance and appears virtually new, meeting the criteria for an excellent condition score.
Pros & Cons

Pros

Income Potential & Expansion: City-approved plans for conversion into two separate units and an additional bedroom offer significant income generation potential or flexible living arrangements.
Prime Location & Accessibility: Ideally situated on a corner lot near Downtown Long Beach, Shoreline Village, Alamitos Beach, and major freeways, providing excellent convenience and lifestyle access.
Extensively Updated Interior: Features a custom kitchen with quartz countertops, soft-close drawers, and a barn-door pantry, along with modern bathrooms including a jetted soaking tub and dual sinks, offering a move-in ready experience.
Exceptional Outdoor Amenities: Includes a low-maintenance yard with a full outdoor kitchen, wet bar, fridge, and dedicated RV/boat parking with hookups, perfect for entertaining and practical needs.
Modern & Eco-Friendly Features: Equipped with solar panels, AC, an EV charger, and dual washers/dryers, providing energy efficiency and contemporary conveniences.

Cons

Property Age: Built in 1948, the property's underlying age, despite updates, may imply potential for older infrastructure issues or higher long-term maintenance costs compared to newer constructions.
High School Ratings: The assigned high school (Cabrillo High School) has a lower rating (3/10), which could be a concern for families prioritizing highly-rated public education.
Recent Price Reduction: A recent price drop from $1.149M to $1.119M might suggest initial overpricing or a need to attract more buyer interest, potentially impacting perceived value.

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