Exceptional Turnkey Fourplex Investment in the Heart of Long Beach! Welcome to 2535 Magnolia Ave, a rare opportunity to own a beautifully maintained and income-producing fourplex in one of Long Beach's most convenient and desirable locations. Currently operating as successful furnished mid-term rentals, this property offers immediate cash flow and outstanding flexibility for investors seeking strong returns. The current mid-term rental model offers strong occupancy, management flexibility, and the opportunity to adjust rents to market rates without inheriting long-term tenant commitments. Each unit is thoughtfully designed for comfort and convenience, featuring a combination of stylish laminate and carpet flooring, air conditioning and heating, and furnishings that are negotiable, making this a truly turnkey opportunity. The property also includes four private garages, a highly sought-after amenity that adds value for both tenants and guests. Ideally situated near Downtown Long Beach, local beaches, restaurants, shopping, entertainment, and major transportation corridors, this property appeals to traveling professionals, corporate tenants, students, and long-term residents alike. Easy access to major freeways, public transit, and employment hubs enhances its rental demand and long-term appreciation potential. Whether you're looking to continue the current mid-term rental model, explore short-term rental opportunities where permitted, or transition to traditional rentals, this versatile property offers multiple paths to maximize income.
Pending
$1,350,000
2535 Magnolia Ave, Long Beach, CA 90806
--beds
--baths
3,280sqft
Multi Family
Built in 1942
-- sqft lot
$1,383,700 Zestimate®
$412/sqft
$-- HOA
What's special
- 34 days |
- 210 |
- 7 |
Zillow last checked:
Listed by:
Shereen El Husseini 714-463-5140,
California Properties
Source: BHHS broker feed,MLS#: PW26121782
Facts & features
Interior
Cooling
- Central Air
Features
- Has basement: No
Interior area
- Total structure area: 3,280
- Total interior livable area: 3,280 sqft
Property
Details
- Parcel number: 7202022013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1942
Community & HOA
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $412/sqft
- Tax assessed value: $1,120,984
- Annual tax amount: $15,193
- Date on market: 6/5/2026
- Lease term: Contact For Details
Estimated market value
$1,383,700
$1.31M - $1.45M
$2,356/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Pending sale | $1,350,000$412/sqft |
Source: BHHS broker feed #PW26121782 Report a problem | ||
| 6/15/2026 | Contingent | $1,350,000$412/sqft |
Source: | ||
| 6/4/2026 | Listed for sale | $1,350,000-18.1%$412/sqft |
Source: | ||
| 11/16/2024 | Listing removed | $1,649,000$503/sqft |
Source: | ||
| 6/15/2024 | Price change | $1,649,000-2.9%$503/sqft |
Source: | ||
| 5/15/2024 | Listed for sale | $1,699,000+30.7%$518/sqft |
Source: | ||
| 2/26/2024 | Listing removed | -- |
Source: CRMLS #EV24003180 Report a problem | ||
| 2/3/2024 | Listed for rent | $2,295+4490%$1/sqft |
Source: CRMLS #EV24003180 Report a problem | ||
| 9/17/2021 | Listing removed | -- |
Source: | ||
| 8/18/2021 | Listed for sale | $1,300,000+26.8%$396/sqft |
Source: | ||
| 9/27/2019 | Sold | $1,025,000-1.9%$313/sqft |
Source: | ||
| 7/10/2019 | Pending sale | $1,045,000$319/sqft |
Source: Pabst, Kinney & Associates #PW19131812 Report a problem | ||
| 7/2/2019 | Listed for sale | $1,045,000$319/sqft |
Source: Pabst, Kinney & Associates #PW19131812 Report a problem | ||
| 6/28/2019 | Pending sale | $1,045,000$319/sqft |
Source: Pabst, Kinney & Associates #PW19131812 Report a problem | ||
| 6/7/2019 | Listed for sale | $1,045,000+49.5%$319/sqft |
Source: Pabst, Kinney & Associates #PW19131812 Report a problem | ||
| 3/16/2012 | Listing removed | $50 |
Source: Pabst, Kinney and Associates Report a problem | ||
| 2/15/2012 | Listed for rent | $50-94.9% |
Source: Pabst, Kinney and Associates Report a problem | ||
| 5/18/2011 | Listing removed | $975 |
Source: Pabst, Kinney and Associates Report a problem | ||
| 3/29/2011 | Listed for rent | $975 |
Source: Pabst, Kinney and Associates Report a problem | ||
| 11/9/2008 | Listing removed | $699,000$213/sqft |
Source: Listhub #P645151 Report a problem | ||
| 9/28/2008 | Price change | $699,000-6.7%$213/sqft |
Source: Listhub #P645151 Report a problem | ||
| 8/23/2008 | Listed for sale | $749,000+157.4%$228/sqft |
Source: Listhub #P645151 Report a problem | ||
| 10/24/2000 | Sold | $291,000+50.8%$89/sqft |
Source: Public Record Report a problem | ||
| 3/9/2000 | Sold | $193,000-35.7%$59/sqft |
Source: Public Record Report a problem | ||
| 6/4/1998 | Sold | $300,000+15.4%$91/sqft |
Source: Public Record Report a problem | ||
| 4/3/1998 | Sold | $259,961$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,193 +4.6% | $1,120,984 +2% |
| 2024 | $14,531 +1.7% | $1,099,005 +2% |
| 2023 | $14,286 +6.5% | $1,077,456 +2% |
| 2022 | $13,415 +2.1% | $1,056,331 +2% |
| 2021 | $13,143 +0.3% | $1,035,619 +1% |
| 2020 | $13,108 | $1,025,000 +160.8% |
| 2019 | $13,108 +146.2% | $393,068 +2% |
| 2018 | $5,325 | $385,362 +2% |
| 2017 | $5,325 +1.1% | $377,807 +2% |
| 2016 | $5,269 +7.7% | $370,400 +1.5% |
| 2015 | $4,892 +4.2% | $364,838 +2% |
| 2014 | $4,693 | $357,693 +2.5% |
| 2012 | -- | $349,096 +2% |
| 2011 | -- | $342,252 +0.8% |
| 2010 | -- | $339,696 -0.2% |
| 2009 | -- | $340,504 +2% |
| 2008 | -- | $333,828 +2% |
| 2007 | -- | $327,283 +2% |
| 2006 | -- | $320,866 |
| 2005 | -- | $320,866 +4% |
| 2004 | -- | $308,408 +1.9% |
| 2003 | -- | $302,756 +2% |
| 2002 | -- | $296,820 +64.2% |
| 2000 | -- | $180,766 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Wrigley
Nearby schools
GreatSchools rating
- 5/10Lafayette Elementary SchoolGrades: K-5Distance: 0.1 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.2 mi
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- California
- Los Angeles County
- Long Beach
- 90806
- Wrigley
- 2535 Magnolia Ave




