Image 2 for 1950 Magnolia Ave, Long Beach, CA 90806

View Photos

1950 Magnolia Ave Long Beach, CA 90806

$920,000 Sold Price as of 05/13/2022

9 Beds
3 Baths
2,016 Sq.Ft.

Sold

$920,000 Sold Price as of 05/13/2022 Refinance Your Mortgage

Refinance Your Mortgage

Map preview of 1950 Magnolia Ave, Long Beach, CA 90806

Property Overview: 1950 Magnolia Ave Long Beach, CA has 9 bedrooms, 3 bathrooms, 2,016 living square feet and 4,151 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Large Long Beach Duplex Consisting of Two 3bed/1bath with Three Garage Spaces Located Just South of the Wrigley Area on a Tree-Lined Street. Only Two Miles to the Beach and One Mile from the Downtown Area. Each Unit is Just Over 1,000 sqft of Living Space. Long Term Tenants in Place Paying Market Rent. Great for Any Investor Looking to Cash Flow from the Start.

Listed by Jason Hastings | BRE #02002328 | Compass
Co-listed by Henriett Novak | BRE #02004206 | Compass

Last checked: 7 minutes ago | Last updated: May 17th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft: 4,151
HOA Dues: $0/mo
Year built: 1929
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22143315
City: Long Beach
County: Los Angeles
Time on Site: 788 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Leased Units: 2
# of Electric Meters: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,600
Total Rent: $2,600
Pro Forma/Market Rent: $2,600

Unit Breakdown 2

# of Units: 2
# of Beds: 3
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $2,575
Total Rent: $2,575
Pro Forma/Market Rent: $2,575

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1950 Magnolia Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 3
Has Parking
Parking Features: Garage - Three Door

Property Information

Total # of Units: 2
Parcel Number: 7209032012

Location / Neighborhood

Location Information

Directions: North of PCH, on Magnolia, between W 19th and W 20th

View more facts & features

Local Long Beach Agent

Sale History for 1950 Magnolia Ave

Last sold for $920,000 on May 13th, 2022

May, 2022
May 13, 2022

Date

Sold

CRMLS: 22143315

$920,000

Price
Apr 5, 2022

Date

Active

CRMLS: 22143315

$850,000

Price
November, 2017
Nov 1, 2017

Date

Sold

CRMLS: PW17210745

$599,999

Price
Oct 4, 2017

Date

Active Under Contract

CRMLS: PW17210745

$599,999

Price
Sep 12, 2017

Date

Active

CRMLS: PW17210745

$599,999

Price
Listing provided courtesy of CRMLS

Here's your chance to own a large Duplex in the highly sought after South Wrigley area of Long Beach. Each unit features three bedrooms and over 1,000 square feet of living space. Parking is no problem with a three garage spaces. Walking distance to PCH. These units won't last!!

Continue Reading
October, 2017
Oct 31, 2017

Date

Sold (Public Records)

Public Records

$600,000

Price
November, 2005
Nov 2, 2005

Date

Sold (Public Records)

Public Records

$595,000

Price

Tax History for 1950 Magnolia Ave

Assessed Value (2020): $624,237

Year	Land Value	Improved Value	Assessed Value
2020	$260,100	$364,137	$624,237

Home Value Compared to the Market

This property vs the competition

1950 Magnolia Ave sold on May 13, 2022 for 6.25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $421.63 per/sqft which puts the price per square foot 33.29% lower than the current median sale per square foot for the city of Long Beach.

About 1950 Magnolia Ave

Detailed summary of property

1950 Magnolia Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 9 bedrooms, 3 bathrooms, roughly 2,016 living square feet, and sits on an approximately 4,151 square foot lot. 1950 Magnolia Ave was first listed on ArdentRealEstateGroup.com on April 5, 2022. The homeowner sold the property for $920,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 6.25% higher than the current median priced home. Local homes that are currently for sale include 1890 E 20th St, 530 Almond Ave and 430 Rose Ave. While the average home in Long Beach, CA is selling in 53 days, 1950 Magnolia Ave has a days on market of 13 days. There are currently 654 homes for sale in the Long Beach real estate market and 368 of them are single family homes while 269 of them are condos and 17 are townhomes. For more information on this home for sale at 1950 Magnolia Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1950 Magnolia Ave

Public county record property details

Beds: 6
Baths: 2
Year built: 1929
Sq. Ft.: 2,016
Lot Size: 4,150
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 19
APN: 7209-032-012

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$573

Median Sold Price

$600,000

Median Sold Price/Sq.Ft.

$641

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1950 Magnolia Ave

Nearby Homes for Sale

Recently Sold Homes Near 1950 Magnolia Ave

$848,500 Last Sold Price

4 Beds

2 Baths

2110 Sq.Ft.

1940 Magnolia Ave
Long Beach, CA 90806

$1,465,000 Last Sold Price

10 Beds

7 Baths

3342 Sq.Ft.

1916 Magnolia Ave
Long Beach, CA 90806

$1,375,000 Last Sold Price

9 Beds

8 Baths

5073 Sq.Ft.

1975 Magnolia Ave
Long Beach, CA 90806

$920,000 Last Sold Price

4 Beds

3 Baths

2180 Sq.Ft.

1901 Magnolia Ave
Long Beach, CA 90806

Related Resources to 1950 Magnolia Ave

New Listings in 90806

Popular Zip Codes

Popular Cities

Other Long Beach Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.