548 Magnolia, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 0 bath
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548 Magnolia
Long Beach, California 90802
ACTIVE
CONDITION: GOOD
0Beds
0Baths
4,364Sq Ft
3,466Lot Size
Property Price
LIST PRICE$1,349,000
EST. MARKET VALUE
$1,347,226
SUMMARY
This 4-unit Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,349,000—positioned well below the $1,347,226 Fair Market Value by approximately 0.13%. Featuring a Condition Rating of 3, the property offers turnkey status with recent renovations, including updated cabinetry and refinished hardwood floors. Its prime Downtown Long Beach location ensures high rental demand, while the spacious unit layouts provide a competitive edge. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking immediate cash flow and long-term appreciation in an appreciating urban market.
Estimated Market Value
$1,347,226
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1922, the interior shows a clear renovation likely within the last 5-15 years. The kitchen features updated shaker-style cabinetry and newer appliances, and the living areas boast refinished hardwood floors and fresh paint, making the units move-in ready and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- High-Density Income Potential
As a quadruplex in the desirable Alamitos Beach area, this property offers significant rental income potential and portfolio diversification for residential income investors.
- Substantial Living Space
With a total of 4,364 square feet, the units are notably spacious for a vintage building, providing a competitive advantage in attracting and retaining long-term tenants.
- Prime Coastal Location
Located in the high-demand Downtown/Alamitos Beach area, the property benefits from excellent walkability to retail, dining, and the shoreline, ensuring consistently low vacancy rates.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Constructed in 1922, the property likely requires ongoing maintenance and potential capital expenditures for modernizing aging mechanical, electrical, and plumbing systems.
- Limited Lot Utility
The building's large footprint relative to the 3,466 square foot lot leaves minimal room for outdoor common areas or on-site parking, which are highly valued in this urban setting.
About 548 Magnolia
548 Magnolia Ave is an exceptional 4-unit investment property located in the heart of Downtown Long Beach. The property features four spacious 1-bedroom units (approximately 1,090 square feet each). Situated in an appreciating neighborhood with increasing demand, this well-maintained and professionally managed asset is ideal for an investor looking for a turnkey property while securing 30-year fixed financing. Additionally, the roof was recently replaced. Schedule a showing Today!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 3,466 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Edison Elementary School
Grades K-5 • 0.2 mi
5/10
International Elementary School
Grades K-5 • 0.4 mi
7/10
Stevenson Elementary School
Grades K-5 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 4,364 | 2,300.724 |
| Lot Size | 3,466 | 5,277.379 |
| Price | $1.35M | $1.24M |
| Price per sq ft | $309 | $513 |
| Built year | 1922 | 1949 |
| HOA | $0 | $0 |
| Days on market | 32 | 74 |
Pricing History
Price Change
Aug 8, 2026
$1,449,000
Initial Listing
Listed for Sale
Aug 8, 2026
$1,349,000
Initial Listing
Sold
Oct 20, 2016
$730,000
Public Record
Sold
May 7, 2004
$695,000
Public Record