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Pending
  • $1,350,000

    2535 Magnolia Ave, Long Beach, CA 90806

    --beds
    --baths
    3,280sqft
    : 
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    Multi Family
    Built in 1942
    -- sqft lot
    $1,383,700 Zestimate®
    $412/sqft
    $-- HOA

    What's special

    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.
    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

        DateEventPrice
        6/16/2026Pending sale$1,350,000$412/sqft
        Source: BHHS broker feed #PW26121782 Report a problem
        6/15/2026Contingent$1,350,000$412/sqft
        Source: Berkshire Hathaway HomeServices CA Properties #PW26121782 Report a problem
        6/4/2026Listed for sale$1,350,000-18.1%$412/sqft
        Source: Berkshire Hathaway HomeServices CA Properties #PW26121782 Report a problem
        11/16/2024Listing removed$1,649,000$503/sqft
        Source: Berkshire Hathaway HomeServices CA Properties #PW24093192 Report a problem
        6/15/2024Price change$1,649,000-2.9%$503/sqft
        Source: Berkshire Hathaway HomeServices CA Properties #PW24093192 Report a problem
        5/15/2024Listed for sale$1,699,000+30.7%$518/sqft
        Source: Berkshire Hathaway HomeServices CA Properties #PW24093192 Report a problem
        2/26/2024Listing removed--
        Source: CRMLS #EV24003180 Report a problem
        2/3/2024Listed for rent$2,295+4490%$1/sqft
        Source: CRMLS #EV24003180 Report a problem
        9/17/2021Listing removed--
        Source: CLAW Report a problem
        8/18/2021Listed for sale$1,300,000+26.8%$396/sqft
        Source: CLAW #21750298 Report a problem
        9/27/2019Sold$1,025,000-1.9%$313/sqft
        Source: CRMLS #PW19131812 Report a problem
        7/10/2019Pending sale$1,045,000$319/sqft
        Source: Pabst, Kinney & Associates #PW19131812 Report a problem
        7/2/2019Listed for sale$1,045,000$319/sqft
        Source: Pabst, Kinney & Associates #PW19131812 Report a problem
        6/28/2019Pending sale$1,045,000$319/sqft
        Source: Pabst, Kinney & Associates #PW19131812 Report a problem
        6/7/2019Listed for sale$1,045,000+49.5%$319/sqft
        Source: Pabst, Kinney & Associates #PW19131812 Report a problem
        3/16/2012Listing removed$50
        Source: Pabst, Kinney and Associates Report a problem
        2/15/2012Listed for rent$50-94.9%
        Source: Pabst, Kinney and Associates Report a problem
        5/18/2011Listing removed$975
        Source: Pabst, Kinney and Associates Report a problem
        3/29/2011Listed for rent$975
        Source: Pabst, Kinney and Associates Report a problem
        11/9/2008Listing removed$699,000$213/sqft
        Source: Listhub #P645151 Report a problem
        9/28/2008Price change$699,000-6.7%$213/sqft
        Source: Listhub #P645151 Report a problem
        8/23/2008Listed for sale$749,000+157.4%$228/sqft
        Source: Listhub #P645151 Report a problem
        10/24/2000Sold$291,000+50.8%$89/sqft
        Source: Public Record Report a problem
        3/9/2000Sold$193,000-35.7%$59/sqft
        Source: Public Record Report a problem
        6/4/1998Sold$300,000+15.4%$91/sqft
        Source: Public Record Report a problem
        4/3/1998Sold$259,961$79/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Wrigley

        Getting around

        86 / 100
        Very Walkable
        55 / 100
        Good Transit
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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