2905 Magnolia, Long Beach, California 90806, Long Beach, 90806 - 3 bed, 3 bath
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Long Beach, California 90806
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,039,000—positioned well below the $1,159,034 Fair Market Value by 10%. This valuation gap provides $120,034 in Instant Equity. Featuring a Mint Condition Rating with solar, EV charging, and a versatile layout, the property is optimized for multigenerational living or duplex conversion. While the local high school rating is a consideration, the home’s premium infrastructure and outdoor amenities offer significant long-term utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2905 Magnolia Subject | $1,039,000* List Price | 3 | 3 | 2,393 | $484 | - |
A 720 W Columbia Street Sold | $925,000 | 3 | 2 | 1,829 | $506 | 0.2 mi |
B 2553 Pine Avenue Pending | $950,000 List Price | 4 | 3 | 1,833 | $518 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1948, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern kitchen and spa-inspired bathrooms with contemporary finishes. Significant infrastructure upgrades include solar panels, an EV charger, zoned HVAC, and dual-pane windows, meeting the criteria for mint condition with no immediate maintenance required.
The property features a premier outdoor entertaining space with a built-in kitchen and rare RV parking with hookups, a highly sought-after asset in the Long Beach area.
The home is equipped with high-value modern upgrades including solar panels, an EV charger, zoned HVAC, and dual-pane windows, ensuring energy efficiency and reduced utility costs.
With nearly 2,400 sqft of living space and a corner lot configuration, the home is ideally suited for multigenerational living or a potential duplex conversion for future income.
The assigned high school, Cabrillo High, has a low rating of 3, which may be a concern for families prioritizing long-term educational performance.
Despite its premium price point and location in a coastal city, the property offers no significant scenic or territorial views.
Welcome to 2905 Magnolia, a rare opportunity to own one of the most versatile and entertaining homes in all of Wrigley. Positioned on an oversized corner lot in one of Long Beach’s most character-rich neighborhoods, this beautifully maintained 3-bedroom, 3-bath residence delivers the perfect blend of space, functionality, and lifestyle. From the moment you walk in, you immediately feel it, this is a home designed for living well. Inside, two distinct living areas create incredible flexibility for modern life. Whether you're hosting friends for the big game, creating space for a growing family, or simply enjoying a quiet night at home, the layout allows everyone to stay connected while still enjoying their own space. At the center of it all is a thoughtfully designed kitchen that effortlessly anchors the home and keeps every gathering flowing naturally. The primary suite feels like a private retreat, opening directly to an enclosed patio and featuring an oversized walk-in closet along with a spa-inspired bathroom complete with a jetted soaking tub, separate shower, and dual vanity. Then there’s the backyard, and this is where the property truly shines. Built for entertaining, the outdoor space features a built-in kitchen, expansive gathering areas, and RV parking with hookups, a rare and valuable amenity in Long Beach. The corner lot configuration also creates exceptional versatility for multigenerational living or future income potential, with the home already thoughtfully configured for a possible duplex conversion. And the upgrades? Already done. Solar. EV charger. Zoned HVAC. Dual-pane windows. Extensive storage. This is the kind of home buyers are searching for but rarely find. A property with both character and modern infrastructure already in place. Located in the heart of Wrigley, you’re minutes from everything that makes Long Beach one of Southern California’s most dynamic coastal cities: including LBX, Bixby Knolls, Downtown Long Beach, beaches, dining, breweries, and major freeway access. This isn’t just another home. This is flexibility. Lifestyle. Opportunity. And one of the best values currently available in Long Beach.
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 | 1.0 | 93% |
| Square foot | 2,393 | 1,273 | 98% |
| Lot Size | 6,530 | 6,000 | 76% |
| Price | $1.04M | $800.0K | 93% |
| Price per sq ft | $434 | $644 | 12% |
| Built year | 1948 | 1941 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 118 | 10% |
May 27, 2026
$1,039,000
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