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Kevin Scott

kscott97@icloud.com +1(424) 667-4140

$ 1,039,000

Est. payment | -/mo

6,529 Sqft Lot

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$ 1,039,000

Est. payment | -/mo

Save Virtual Tour

6,529 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW26138663

HOA Y/N No

Year Built 1948

Lot Size 6,529 Sqft

Property Sub-Type Duplex

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry Laundry Closet, In Garage

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs

Total Parking Spaces 2

Private Pool No

Building

Lot Description Corner Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7201001024

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/df5d93e3-f6f9-422d-8661-1709d4931d80?wl=true&setAttribution=mls&initialViewType=pano

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Listed by TRAVIS JACKSON WERE Real Estate Inc 3106060918, DRE #01992004

Nearby Locations

GET MORE INFORMATION

+1(424) 667-4140

kscott97@icloud.com

2905 Magnolia Long Beach, CA 90806