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1238 Magnolia Avenue, Long Beach, CA 90813

$860K4bd · 2ba · 1,296 sqft
Lot 4,303 sqft•Duplex•
Active
•401d on market•MLS# DW-25177849

Property Description

Make a smart move with this turnkey Duplex in the up-and-coming Wilmore district of Long Beach. Live in one unit and rent out the other to cut your mortgage payment in half and reap the benefits of becoming a new landlord or add an impressive R-4 property to your existing portfolio. Each unit comes with a two-car garage, as well as a tandem parking space off the alley. There are numerous upgrades, including a new roof, complete exterior stucco, dual-pane windows, keyless entry doors, two water heaters, fresh landscaping with a 6-foot white vinyl fence, exterior and interior painting, and three TCL brand mini-split systems per unit. Inside, you’ll enjoy vaulted ceilings, SPC oak floors by Republic, baseboards, modern chandeliers, and wall sconces. The back unit features high-end stainless-steel appliances and includes a washer and dryer, as well as a wall-mounted television. The kitchens boast Knotty Alderwood cabinetry, high-end Acacia butcher block counters, a 3D tile backsplash, a stainless-steel sink, dishwasher, microwave, and recessed lighting. Finally, the bathroom is outfitted with beautiful veinous Carrera marble and a floating vanity featuring an LED mirror with a built-in defogger. It makes sense to buy two completely renovated units, with the potential to add more, rather than being stuck with just one, as a home should always be considered an investment that holds the key to your future.

Features & Amenities

FeeBuilt 2003

Property Details

Land Type
Fee
Year Built
2003
Property Type
Residential
Property Subtype
Duplex
Parking Spaces
4
Garage Spaces
4
Heating
Ductless, Combination
Cooling
Dual, Ductless, High Efficiency
View
None
City
Long Beach
Zip Code
90813
County
Los Angeles
Listed byUnknown Office, Marco Estrada

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,348.63
Principal & Interest
Loan Amount
$688,000
Total Interest
$877,506
Total Payment Over 30 Years
$1,565,506
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 4 closed

1238 Magnolia Avenue, Long Beach, CA 90813

Long Beach · Duplex

$860K
Affordable Tier
Beds
4
Baths
2
Sqft
1,296
Lot
4,303 sqft
Year
2003
$/Sqft
$664
Pool: No✓
View: None✓
Garage: 4-car✓

Listed 18.2% above the median closed sale of $727,500. Price per sqft ($664) is a 28% premium to closed comps ($520). Closed comps sold at 88% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 218 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $860K· $664/sqft
Total list price
Closed comps
vs closed median $750K
+$110K (+14.7%)
Active comps
vs active median $935K
−$75K (−8.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $746
−$82 (−10.9%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1035 Ohio AvenueLong Beach1921321,4906,489$628$935,0005072
3562 OrangeLong Beach1928221,4006,381$643$899,9997872
5577 OceanLong Beach1952321,5441,296$968$1.50M3070
1334 Mira MarLong Beach1940421,8416,503$638$1.18M668
2031 Spaulding WayLong Beach1923328522,400$851$725,0002966
Total: 5 · Average3.02.01,425.44,613.8$745.6$1.05M38.6
Median1,490$935,000

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
823 MaineLong Beach190706/18/2026421,6454,115$800,000$750,000$4560.944476
3321 17th StreetLong Beach195506/05/2026221,1564,501$699,000$705,000$6101.013573
402 16th StreetLong Beach191305/07/2026321,4852,585$700,000$379,000$2550.5475771
148 36th StreetLong Beach196205/21/2026321,80011,158$1.29M$1.36M$7571.053561
Total: 4 · Average3.02.01,521.55,589.75$799,125$799,125$519.5—217.75
Median1,645$750,000$750,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.