2905 Magnolia Avenue
Long Beach, CA, 90806
$1,049,000
MLS: SB26007183
Beds
3
Baths
3
Sq Ft
2,042
Lot
0.15 ac
Year Built
1948
MLS #
SB26007183
Days on Market
76
Listed
Feb 4, 2026
Description
Income Opportunity! Welcome to this quintessential Long Beach home on a corner lot, ideally located near Downtown Long Beach, Shoreline Village & Marina, Alamitos Beach, and major freeways. This updated residence offers 3 bedrooms, 3 bathrooms, and two spacious living areas. This home also includes city plans to convert the property into two separate units- an incredible option for those seeking an income opportunity, the flexibility to live in one unit and rent the other, or simply the ability to create a duplex down the line. The plans also feature an additional bedroom off the primary suite, allowing the home to expand into a 4-bedroom layout. As an added bonus, the owner still has the kitchen appliances and cabinets available from the front unit, should the future buyer wish to use them. The light-filled living room features a skylight, cozy gas fireplace, and bathroom with oversized shower. The custom kitchen boasts quartz countertops, under-cabinet lighting, soft-close drawers, breakfast bar seating, and a barn-door pantry. Just off the kitchen, the family/dining room includes a wet bar and beverage fridge- perfect for entertaining. The primary suite impresses with a California Closets walk-in, private sunroom, and spa-like bath with jetted soaking tub, dual sinks, & large walk-in shower. Outdoors, enjoy a low-maintenance yard with a full outdoor kitchen with wet bar & fridge, RV/boat parking with RV hookups, and plenty of space to host. Additional highlights include solar, A/C, hardwood floors, ceiling fans, loft storage in the garage, EV charger, dual washers/dryers, and more. Whether you’re seeking an income-producing property or a forever home, this Long Beach gem has it all.
Location
Long Beach, Los Angeles County, CA 90806
Open on Google Maps ↗Listed by: Christiana Lane · Vista Sotheby’s International Realty
Payment estimate
$7,587
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $104,900 · Loan: $944,100
- Principal & Interest
- $5,801
- Property tax (1.25%)
- $1,093
- Homeowners insurance
- $300
- Mortgage insurance
- $393
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $36,715 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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