2905 Magnolia, Long Beach, CA 90806
- $1,039,000
- List Price
- $1,039,000
- Status
- PENDING
- MLS#
- PW26138663
- Year Built
- 1948
- Lot Size
- 6,530
- Acres
- 0.15
- Lot Location
- Corner Lot
- Days on Market
- 17
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Neighborhood
- Wrigley Area (Wr)
Property Description
Welcome to 2905 Magnolia! A rare income producing opportunity in the heart of Wrigley. Currently configured as a spacious single family home, this versatile property can be easily converted back into a duplex, making it ideal for investors or owner occupants looking to offset their mortgage with rental income. The real value lies in the upside: city approved plans are already in place to create a 2-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, offering exceptional flexibility and strong income potential. Situated on a large corner lot with RV parking, hookups, and extensive outdoor living space, the property is perfectly positioned for multigenerational living, house hacking, or long-term investment. Whether you're looking to maximize cash flow, build equity, or live in one unit while renting the other, 2905 Magnolia delivers a unique combination of lifestyle, flexibility, and future value that is hard to find in Long Beach.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/doug1%252FReal_Estate_Logo_Hello_HomeSmart.png){kind=logo}
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: TRAVIS JACKSON (travis@oceancrestre.com) from Listing Office: WERE Real Estate Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.