3148 Magnolia, Long Beach, California 90806, Long Beach, 90806 - 4 bed, 4 bath

3148 Magnolia, Long Beach, California 90806 home-pic-0

3148 Magnolia

Long Beach, California 90806

ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,106Sq Ft
5,512Lot Size

Property Price

LIST PRICE$1,150,000
EST. MARKET VALUE
$1,208,756
4% BelowMARKET VALUE

SUMMARY

Analysis of 3148 Magnolia, Long Beach, California 90806 reveals a Prime Investment Opportunity with a current list price of $1,150,000—significantly undercutting the $1,208,756 Fair Market Value by 4%. This valuation gap indicates a +$58,756 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$1,208,756 +$58,756 Equity Potential
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
3148 Magnolia
Subject
$1,150,000*
List Price
442,106$574-
A
2860 Chestnut Avenue
Sold
$1,075,000321,715$6270.4 mi
B
3274 Eucalyptus
Sold
$1,075,000421,662$6470.2 mi
C
2740 San Francisco
Sold
$1,010,000431,487$6790.6 mi
D
520 W 37th Street
Sold
$975,000331,516$6430.5 mi
E
2692 San Francisco Avenue
Sold
$894,500221,387$6450.7 mi
F
2553 Pine Avenue
Active
$996,750
List Price
431,833$5440.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features significant recent infrastructure upgrades, including a newly updated roof, copper plumbing, electrical systems, and central heating/air. While the 1937 structure is older, the interior has been well-maintained with consistent white tile flooring and updated bathrooms. It meets the 'good' criteria as major systems are functional and updated, though the overall aesthetic reflects a previous renovation rather than a brand-new high-end modern finish.

PROSSTRENGTHS & OPPORTUNITIES

  • ADU Potential & Extensive Parking

    The property features a long driveway for RV parking and a detached double garage with enough space to accommodate 6+ vehicles, plus a dedicated area behind the garage suitable for adding an Accessory Dwelling Unit (ADU).

  • Major Infrastructure Upgrades

    The home boasts significant recent improvements including a newly updated roof, upgraded electrical systems, and copper plumbing, providing peace of mind and reducing immediate maintenance costs for the buyer.

  • Spacious Layout & Modern Comforts

    Rare for its 1937 vintage, this 2,106 sq. ft. home offers a 4-bedroom, 4-bathroom configuration with central heat and air, a master suite with a walk-in closet, and a balcony featuring views of Downtown Long Beach.

CONSRISKS & DEFICIENCIES

  • Market Positioning

    The property has undergone a significant price reduction of $150,000 since its initial listing, which may indicate previous overpricing or extended days on market that could affect buyer perception.

  • Inconsistent School Ratings

    While the local elementary schools are highly rated, the assigned high school has a significantly lower rating of 3, which may be a concern for families prioritizing long-term educational stability.

About 3148 Magnolia

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. As well as guava and nectarine trees that are fully thriving.This lovely home 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!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1937
Lot Size
5,512 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 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 • 0.9 mi

8/10

Los Cerritos Elementary School

Grades K-5 • 0.9 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
89%
Baths4.02.0
97%
Square foot2,1061,364
95%
Lot Size5,5125,717
46%
Price$1.15M$829.0K
97%
Price per sq ft$546$645
27%
Built year19371939
38%
HOA$0$0
50%
Days on market39156
3%

Pricing History

Listed for Sale

Feb 27, 2026

$1,150,000

$1,300,000

-12% Price Drop

Initial Listing

Price Change

Jan 26, 2026

$1,300,000

Initial Listing

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