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1950 Magnolia Ave, Long Beach
$940,000
6 Beds ⋅ 2 Baths ⋅ SOLD Status
The Best Priced Duplex in Long Beach. 2 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). Located by the Wrigley Area a short drive from Down Town where over $8BB of redevelopment is occurring. On a beautiful, quiet, tree lined street. Excellent Owner User opportunity as well - live in one unit and offset your mortgage with the rent from the other. The property features two 3 bed/1 bath units with a private courtyard and a 3 car garage in the rear (separate structure). Both units are currently rented ($2900 and $3200). The remodeled unit will be delivered vacant (current tenants are moving out at the end of July). The garages are rented for an additonal $300/month. One of the units has been heavily updated. There is the potential to convert the garages to an ADU - Buyer to verify. This could add a 3rd unit and generate significant rental income. The property is well maintained and has been updated as follows: All new Pex water supply lines in both units - done in 2022. All new ABS drain/sewer lines in both units - done in 2022. All new gas lines in Unit 1950 - done in 2022. Completely remodeled Unit 1950 - new flooring, paint, fixtures, countertops, vanity, tub, tile, new stove, microwave, dishwasher, fridge, and all new double-pane vinyl windows - done in 2024. A new owner could owner occupy one of the units within a few months of the close of escrow. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preperation for the 2028 Olympics.

1950 Magnolia Ave, Long Beach

Courtesy of The Agency, Jonathan Swire - CA DRE#01336277 Selling Office: .

201 E Eagle St, Long Beach
$850,000
5 Beds ⋅ 3 Baths ⋅ SOLD Status
Exceptional Investment Opportunity in Long Beach! Don't miss this rare chance to own a detached duplex with no common walls, perfect for investors seeking strong rental potential and long-term upside. This unique property features two well-maintained units on one lot, offering privacy and flexibility for both tenants and owners. Unit 201 is a charming Craftsman-style two-story home with 3 bedrooms (two upstairs, one downstairs) and 2 bathrooms. It boasts a bright and inviting layout, along with a private balcony, ideal for relaxing or entertaining. Unit 205 is a single-story 2-bedroom, 1-bathroom residence with a spacious open floor plan, providing comfortable living and excellent rental appeal. Each unit is separately metered for water, gas, and electricity, allowing tenants to pay their own utilities, keeping owner expenses low. The owner is only responsible for landscaping, making this a truly low-maintenance investment. The property also includes a detached 3-car garage with a high-pitched ceiling, offering incredible potential for additional income or future ADU conversion (buyer to verify), plus parking for four additional vehicles. Whether you're looking to expand your portfolio or secure a versatile income-producing property, this duplex checks all the boxes. A fantastic opportunity with immediate and future upside!

201 E Eagle St, Long Beach

Courtesy of Epique Realty, Antonietta Lauro - CA DRE#01839114 Selling Office: .

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