2250 Magnolia Ave, Long Beach, CA, 90806
About This Home
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,040 and pro forma scheduled gross income of approximately $63,600. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1934
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Range
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Flooring: Wood
- Fireplace features: Family Room
- Fireplace: Yes
- Common walls with other units/homes: 1 Common Wall
Heating
- Heating features: Fireplace(s)
Interior Area
- Total structure area: 2,416
- Total interior livable area: 2,416 sqft
Property
Details
- Parcel number: 7205024006
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Lot size: 6,501 sqft
- Features: 0-1 Unit/Acre
Parking
- Total spaces: 1
- Parking features: Assigned
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,941 | $71,292 |
| Home Insurance * | $168 | $2,016 |
| Property Taxes | $1,303 | $15,636 |
| Electricity | $518 | $6,216 |
| Total | $7,930 | $95,160 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-05 | Price change | $1,150,000 |
| 2026-07-27 | Price change | $1,175,000 |
| 2026-07-01 | Listed for sale | $1,200,000 |
| 2018-04-18 | Sold | $600,000 |
For Sale by Agent
View on Zillow