Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner's grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor's portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.
For sale
Listed by: Frank Lynch IV,Broker • Frank Lynch • Contact: 562-565-4801
$1,200,000
2421 Magnolia Ave, Long Beach, CA 90806
6beds
4baths
3,516sqft
Mixed Use
Built in 1942
-- sqft lot
$-- Zestimate®
$341/sqft
$-- HOA
What's special
Convenient alley accessManicured landscapingWell-maintained stuccoNeatly maintained lawnDedicated parkingCovered entry areasSecure exterior access
- 2 days
- 75
- 5
Zillow last checked:
Listing updated:
Listed by:
Frank Lynch DRE #01391760 562-565-4801,
Frank Lynch IV,Broker
Source: CRMLS,MLS#: RS26193414
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Included: Gas Range
- Laundry: Common Area
Features
- Flooring: Laminate
- Has fireplace: Yes
- Fireplace features: Bath, Gas, Kitchen
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,516
- Total interior livable area: 3,516 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned
- Garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: Frount
- Pool features: None
- Fencing: None
Lot
- Size: 6,000 Square Feet
- Features: 2-5 Units/Acre, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Sprinklers On Side, Street Level
Details
- Parcel number: 7202021022
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Roof: None
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Suburban, Sidewalks
- Subdivision: Wrigley Area (Wr)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $341/sqft
- Tax assessed value: $1,336,090
- Date on market: 9/4/2026
- Listing terms: Cash to New Loan,Conventional
- Tenant pays: All Utilities, Electricity, Gas, Insurance, Other
Estimated market value
Not available
Estimated sales range
Not available
$1,817/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $1,200,000$341/sqft |
Source:  CRMLS #RS26193414 Report a problem | ||
| 2/10/2026 | Listing removed | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/7/2026 | Listed for rent | $1,795+12.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/29/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/23/2021 | Listed for rent | $1,595 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,336,090 +84.3% |
| 2025 | $10,152 +416.3% | $725,034 +670.1% |
| 2024 | $1,966 +2.1% | $94,154 +2% |
| 2023 | $1,925 +5.1% | $92,309 +2% |
| 2022 | $1,831 +3.8% | $90,500 +2% |
| 2021 | $1,763 +0.4% | $88,727 +1% |
| 2020 | $1,757 | $87,818 +2% |
| 2019 | $1,757 +10.1% | $86,097 +2% |
| 2018 | $1,595 | $84,410 +2% |
| 2017 | $1,595 +1.2% | $82,756 +2% |
| 2016 | $1,576 +8.7% | $81,134 +1.5% |
| 2015 | $1,451 +2.2% | $79,916 +2% |
| 2014 | $1,420 | $78,352 +2.5% |
| 2012 | -- | $76,470 +2% |
| 2011 | -- | $74,971 +0.8% |
| 2010 | -- | $74,412 -0.2% |
| 2009 | -- | $74,590 +2% |
| 2008 | -- | $73,128 +2% |
| 2007 | -- | $71,695 +2% |
| 2006 | -- | $70,290 |
| 2005 | -- | $70,290 +4% |
| 2004 | -- | $67,562 +1.9% |
| 2003 | -- | $66,325 +2% |
| 2002 | -- | $65,026 +4% |
| 2000 | -- | $62,503 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Wrigley
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