For sale

Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • Contact: 310-259-7556

Price cut: $51K (9/2)

$1,099,000

2250 Magnolia Ave, Long Beach, CA 90806

4beds

2baths

2,416sqft

$7,102/mo

Get pre-qualified

Multi Family

Built in 1934

-- sqft lot

$1,099,400 Zestimate^®

$455/sqft

$-- HOA

What's special

All new vinyl windows

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 $62,040 and pro forma scheduled gross income of approximately $63,600. 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.

62 days
678
48

Likely to sell faster than

Facts & 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: $455/sqft
Tax assessed value: $696,346
Date on market: 7/1/2026
Cumulative days on market: 62 days
Listing terms: Conventional,FHA,Government Loan
Total actual rent: 2650
Tenant pays: Electricity, Gas

Estimated market value

$1,099,400

$1.04M - $1.15M

$3,558/mo

Price history

Date	Event	Price
9/2/2026	Price change	$1,099,000-4.4%$455/sqft
Source: CRMLS #SB26142307 Report a problem
8/5/2026	Price change	$1,150,000-2.1%$476/sqft
Source: CRMLS #SB26142307 Report a problem
7/27/2026	Price change	$1,175,000-2.1%$486/sqft
Source: CRMLS #SB26142307 Report a problem
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
2026	--	$696,346 +2%
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