
Long Beach, California 90806
This Spacious Historical Residence represents a High-Potential Investment Opportunity, listed at $1,139,000—positioned well above the $1,077,000 Fair Market Value by -5%. While priced above current estimates, the property features a Condition Rating of 4, boasting significant infrastructure upgrades like copper plumbing and a newer roof. The expansive lot offers immense value-add potential through ADU construction and flexible zoning for home-based business operations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, large-scale property in the historic Wrigley Heights neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3148 Magnolia Subject | $1,139,000* List Price | 4 | 4 | 2,106 | $511 | - |
A 2835 Chestnut Avenue Sold | $1,125,000 | 4 | 4 | 2,325 | $484 | 0.4 mi |
B 3184 Daisy Avenue Sold | $850,000 | 3 | 2 | 1,420 | $599 | 0.1 mi |
C 2720 San Francisco Sold | $840,000 | 3 | 2 | 1,750 | $480 | 0.6 mi |
D 720 W Columbia Street Sold | $925,000 | 3 | 2 | 1,829 | $506 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property features significant system upgrades including a newer roof, copper plumbing, electrical, and central HVAC. However, the kitchen and bathrooms reflect a renovation style (oak cabinetry, patterned tile, and granite) that is over 20 years old. While well-maintained and move-in ready, the interior aesthetics are dated and require modernization to meet current market expectations for the price point.
The property features a newly updated roof, upgraded electrical systems, and copper plumbing, significantly reducing the need for immediate capital expenditures on major systems.
With a detached double garage, a long driveway accommodating 6+ vehicles or an RV, and ample space to add an Accessory Dwelling Unit (ADU), the lot offers exceptional utility and value-add potential.
Located in the sought-after historical Wrigley Heights neighborhood, this large 2-story home offers a flexible 4-bedroom layout with a master suite balcony providing views of Downtown Long Beach.
The property has been active on the market for over 200 days with multiple price reductions, which may lead to buyer concerns regarding its initial valuation or underlying market demand.
While the elementary and middle schools are well-rated, the assigned high school has a lower rating (3/10), which could be a deterrent for families prioritizing long-term educational consistency.
WELCOME HOME!! SELLER VERY MOTIVATED! WANTS TO SEE ALL OFFERS! Enjoy the breeze of Long Beach in your Dream Home in the well-sought out historical area of the Wrigley Heights Neighborhood! This Beautiful LARGE 2-Story home features 4 bedrooms and 4 bathrooms with potential to add a 5th bedroom! featuring beautiful white tile flooring and Central Heat and Air throughout the home. The lower level features a living room and dining area with bedroom and ensuite bathroom followed by the kitchen and sliding glass door into the backyard. There are three more bedrooms upstairs. A shared bathroom for two of the bedrooms and the master bedroom with an en-suite bathroom and a walk-in closet including a balcony overlooking the backyard and views of Downtown Long Beach. The backyard has a partially covered patio with skylight to host your get togethers and important events. This large home is perfect to host family gatherings such as Birthday parties and Weddings! Bathroom and separate laundry rooms are located in the back of the home facing the yard. Newly updated Roof and electrical and copper plumbing has been upgraded. Security System installed. There is a detached double car garage has custom cabinets for all of your storage needs and enough space to accommodate at least 6 vehicles comfortably and enough space to add an ADU behind the garage. Large Industrial Shed located behind the detached garage. Backyard also has nice tile flooring. The backyard has a large avocado tree and lemon tree to add to your favorite meals. As well as guava and nectarine trees that are fully thriving. This home would also be suitable to operate a small scale restaurant or business from home. This lovely home faces West to watch the sunsets and has a Long Driveway to park multiple vehicles or even a RV! Close to Downtown Long Beach, Shoreline Village & Marina, Alamitos Beach, Long Beach Airport, 710 and 405 Freeways, Long Beach Memorial Hospital, Signal Hill and close to schools and shopping.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,106 | 1,519.995 |
| Lot Size | 5,512 | 5,807.524 |
| Price | $1.14M | $1.03M |
| Price per sq ft | $541 | $728 |
| Built year | 1937 | 1948 |
| HOA | $0 | $259 |
| Days on market | 226 | 48 |
Jul 8, 2026
$1,139,000
$1,150,000
-1% Price Drop
Initial Listing
Feb 27, 2026
$1,150,000
$1,300,000
-12% Price Drop
Initial Listing
Jan 26, 2026
$1,300,000
Initial Listing