TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,772 and pro forma scheduled gross income of approximately $66,000. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.
For sale
Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • Contact: 310-259-7556
$1,200,000
2250 Magnolia Ave, Long Beach, CA 90806
4beds
2baths
2,416sqft
Multi Family
Built in 1934
-- sqft lot
$1,196,500 Zestimate®
$497/sqft
$-- HOA
What's special
- 19 days |
- 1,130 |
- 74 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Cameron Samimi DRE #02035763 310-259-7556,
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB26142307
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Fireplace(s)
Appliances
- Included: Gas Range
- Laundry: Inside
Features
- Flooring: Wood
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,416
- Total interior livable area: 2,416 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 6,501 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7205024006
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1934
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks, Urban
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $497/sqft
- Tax assessed value: $682,694
- Annual tax amount: $9,223
- Date on market: 7/1/2026
- Cumulative days on market: 19 days
- Listing terms: Conventional,FHA,Government Loan
- Tenant pays: Electricity, Gas
Estimated market value
$1,196,500
$1.14M - $1.26M
$2,920/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $1,200,000+100%$497/sqft |
Source:  CRMLS #SB26142307 Report a problem | ||
| 4/18/2018 | Sold | $600,000$248/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,223 +4.5% | $682,694 +2% |
| 2024 | $8,825 -29.8% | $669,308 -30.9% |
| 2023 | $12,571 +55.6% | $969,000 +52% |
| 2022 | $8,081 +1.2% | $637,500 +1.1% |
| 2021 | $7,983 +0.3% | $630,706 +1% |
| 2020 | $7,962 | $624,240 +2% |
| 2019 | $7,962 +456.4% | $612,000 +610.5% |
| 2018 | $1,431 | $86,136 +2% |
| 2017 | $1,431 +1% | $84,448 +2% |
| 2016 | $1,417 +8.5% | $82,793 +1.5% |
| 2015 | $1,305 +3% | $81,550 +2% |
| 2014 | $1,267 | $79,954 +2.5% |
| 2012 | -- | $78,034 +2% |
| 2011 | -- | $76,505 +0.8% |
| 2010 | -- | $75,934 -0.2% |
| 2009 | -- | $76,116 +2% |
| 2008 | -- | $74,624 +2% |
| 2007 | -- | $73,161 +2% |
| 2006 | -- | $71,727 |
| 2005 | -- | $71,727 +4% |
| 2004 | -- | $68,944 +1.9% |
| 2003 | -- | $67,681 +2% |
| 2002 | -- | $66,355 +4% |
| 2000 | -- | $63,780 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Wrigley
Nearby schools
GreatSchools rating
- 5/10Lafayette Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.1 mi
- $1,176,2004 bd2 ba2.4k sqft2252 Magnolia Ave, Long Beach, CA 90806Off Market
- $1,095,4005 bd3 ba2.6k sqft2240 Magnolia Ave, Long Beach, CA 90806Off Market
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- $765,0004 bd2 ba1.4k sqft2232 Magnolia Ave, Long Beach, CA 90806Sold
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- $1,183,3001 bd1 ba-- sqft2264 Magnolia Ave APT 7, Long Beach, CA 90806Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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