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

3148 Magnolia
Long Beach, California 90806
Property Price
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
Comparable Sales Map
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 | $574 | - |
A 2860 Chestnut Avenue Sold | $1,075,000 | 3 | 2 | 1,715 | $627 | 0.4 mi |
B 3274 Eucalyptus Sold | $1,075,000 | 4 | 2 | 1,662 | $647 | 0.2 mi |
C 2740 San Francisco Sold | $1,010,000 | 4 | 3 | 1,487 | $679 | 0.6 mi |
D 520 W 37th Street Sold | $975,000 | 3 | 3 | 1,516 | $643 | 0.5 mi |
E 2692 San Francisco Avenue Sold | $894,500 | 2 | 2 | 1,387 | $645 | 0.7 mi |
F 2553 Pine Avenue Active | $996,750 List Price | 4 | 3 | 1,833 | $544 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Lafayette Elementary School
Grades K-5 • 0.9 mi
Los Cerritos Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 89% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,106 | 1,364 | 95% |
| Lot Size | 5,512 | 5,717 | 46% |
| Price | $1.15M | $829.0K | 97% |
| Price per sq ft | $546 | $645 | 27% |
| Built year | 1937 | 1939 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 156 | 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









