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$100,000
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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.
Full Property Details
Full Property Details for 2905 Magnolia
General
- Sold For: $100,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26138663
- Added to Site: 66 day(s) ago
Rooms
Other Rooms
- Laundry: In Garage, In Closet
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 2
Location
- Area: 5 - Wrigley Area
- County: Los Angeles
- Development Name: 5 - Wrigley Area
- Driving Directions: South on Magnolia from Spring
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 1
Structural Information
- Entry Location: 1
- Square Feet: 2,393
- Year Built: 1948
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1499
- Lot Size Source: Assessor
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $41.79
- Price Per Unit: 519500
Listed by WERE Real Estate Inc, TRAVIS JACKSON
Sold by Pointe Mark Realty, Rosanna Caguioa
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Schools
Schools serving 2905 Magnolia
School District:Long Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Birney Elementary School, Long Beach, CA 710 West Spring Street, Long Beach, CA 90806 | K-5 | 0.2 mi |
Washington Middle School, Long Beach, CA 1450 Cedar Avenue, Long Beach, CA 90813 | 6-8 | 1.7 mi |
Polytechnic High School, Long Beach, CA 1600 Atlantic Ave., Long Beach, CA 90813 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2905 Magnolia
Date
Details
Price
Change
Source
8/27/2026
Sold
$100,000
-90.38%
MLS
6/25/2026
Listed
$1,039,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2905 Magnolia, Long Beach, CA 90806 (MLS# PW26138663) is a Multi-Family property that was sold at $100,000 on August 27, 2026. Want to learn more about 2905 Magnolia? Do you have questions about finding other Multi-Family real estate for sale in Wrigley Area? You can browse all Wrigley Area real estate or contact a Coldwell Banker agent to request more information.

