3148 Magnolia, Long Beach, California 90806, Long Beach, 90806 - 4 bed, 4 bath
Loading property details...
Long Beach, California 90806
This Spacious Historical Residence in Wrigley Heights is a versatile asset listed at $1,150,000, representing a stable entry at its $1,150,000 Fair Market Value. Boasting a Move-In Ready Condition Rating, the home features essential infrastructure upgrades including a newer roof, updated electrical, and copper plumbing. The property offers a City Skyline View and a massive detached double garage with significant ADU Potential, accommodating 6+ vehicles or an RV. Situated near 8/10 rated elementary schools, this home is a perfect fit for Multi-generational Families or Owner-Occupants seeking long-term value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3148 Magnolia Subject | $1,150,000* List Price | 4 | 4 | 2,106 | $546 | - |
A 2860 Chestnut Avenue Sold | $1,075,000 | 3 | 2 | 1,715 | $627 | 0.4 mi |
B 520 W 37th Street Sold | $975,000 | 3 | 3 | 1,516 | $643 | 0.5 mi |
C 2720 San Francisco Sold | $840,000 | 3 | 2 | 1,750 | $480 | 0.6 mi |
D 3274 Eucalyptus Sold | $1,075,000 | 4 | 2 | 1,662 | $647 | 0.2 mi |
E 2740 San Francisco Sold | $1,010,000 | 4 | 3 | 1,487 | $679 | 0.6 mi |
F 874 W 33rd Way Sold | $890,000 | 3 | 2 | 1,307 | $681 | 0.4 mi |
G 2553 Pine Avenue Active | $950,000 List Price | 4 | 3 | 1,833 | $518 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with significant infrastructure upgrades, including a newer roof, copper plumbing, updated electrical, and central HVAC. While the kitchen and bathrooms feature dated oak cabinetry and older tile styles from a previous renovation, they are fully functional and clean. The home's major systems are within their expected lifespan, and the overall condition reflects consistent upkeep and pride of ownership despite the lack of a recent high-end modern renovation.
The property features a detached double-car garage with space for 6+ vehicles or an RV, plus a large industrial shed and ample room to add an Accessory Dwelling Unit (ADU), offering significant value-add potential.
Despite its 1937 historical charm, the home has been extensively updated with a newer roof, upgraded electrical systems, and copper plumbing, reducing immediate capital expenditure for a buyer.
With 4 bedrooms, 4 bathrooms, and a downstairs ensuite, the floor plan is ideal for large families or multi-generational living, further enhanced by the potential to easily convert space into a 5th bedroom.
The property has been on the market for 78 days and has already undergone a significant $150,000 price reduction, which may lead to buyer concerns regarding its initial overvaluation or underlying market friction.
While the local elementary schools are highly rated, the assigned high school has a significantly lower rating of 3, which may be a deterrent for families prioritizing long-term educational quality.
Welcome to 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 family 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. This home would be also be suitable to operate a small scale restaurant from home. As well as guava and nectarine trees that are fully thriving. 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. Make this your new home today!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 86% |
| Baths | 4.0 | 2.0 | 98% |
| Square foot | 2,106 | 1,364 | 95% |
| Lot Size | 5,512 | 5,976 | 42% |
| Price | $1.15M | $828.0K | 98% |
| Price per sq ft | $546 | $627 | 37% |
| Built year | 1937 | 1940 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 86 | 163 | 28% |
Feb 27, 2026
$1,150,000
$1,300,000
-12% Price Drop
Initial Listing
Jan 26, 2026
$1,300,000
Initial Listing