1238 Magnolia Avenue, Long Beach, California 90813, Long Beach, 90813 - 4 bed, 2 bath

1238 Magnolia Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$860,000
1238 Magnolia Avenue, Long Beach, California 90813
4Beds
2Baths
1,296Sqft
4,303Lot
Year Built
2003
Close
-
List price
$860K
Original List price
$875K
Price/Sqft
$664
HOA
-
Days on market
-
Sold On
-
MLS number
DW25177849
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $860.0K(62th), sqft - 1296(15th), beds - 4(77th), baths - 2(77th).

Make a smart move with this snazzy, 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.

Price History

Date
Event
Price
12/03/25
Price Change
$860,000-0.6%
11/05/25
Price Change
$865,000-0.6%
10/27/25
Price Change
$869,800-0.6%
09/06/25
Listing
$875,000
04/24/24
Sold
$540,000
Condition Rating
Excellent

This property, built in 2003, has undergone an extensive and recent renovation, making it virtually new. The listing explicitly states 'two completely renovated units' with numerous upgrades including a new roof, exterior stucco, dual-pane windows, new water heaters, fresh paint, and modern mini-split HVAC systems. The interiors feature new SPC oak floors, modern chandeliers, and high-end finishes. The kitchens boast Knotty Alderwood cabinetry, Acacia butcher block counters, 3D tile backsplashes, and stainless-steel appliances. The bathrooms are luxurious with veinous Carrera marble, floating vanities, and LED mirrors. All components appear new, modern, and of high quality, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Turnkey & Extensive Renovations: The property boasts recent, comprehensive renovations including a new roof, exterior stucco, dual-pane windows, and fresh paint, offering a truly turnkey investment.
Strong Income Generation Potential: Designed as a duplex, this property allows for owner-occupancy with rental income from the second unit, significantly offsetting mortgage costs, or as a robust addition to an investment portfolio.
High-End Modern Finishes & Amenities: Both units feature premium interior upgrades such as SPC oak floors, Knotty Alderwood kitchens with Acacia butcher block counters, Carrera marble bathrooms, and efficient mini-split HVAC systems.
Ample & Convenient Parking: Each unit benefits from a dedicated two-car garage plus an additional tandem parking space, a significant advantage in an urban setting like Long Beach.
Favorable R-4 Zoning with Development Upside: The R-4 zoning designation presents future development potential, allowing for the possibility of adding more units and increasing long-term value.

Cons

Recent Price Adjustments: The property has undergone multiple price reductions since its initial listing, which may suggest an initial overvaluation or a slower-than-anticipated market response.
Absence of Central Air Conditioning: While equipped with mini-split systems, the lack of a traditional central air conditioning system might be a consideration for some buyers accustomed to or preferring this type of cooling.
Compact Unit Square Footage: With a total of 1296 sqft across two units (approximately 648 sqft per unit), the individual living spaces are relatively compact, which could limit appeal for larger households or those desiring more expansive interiors.

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