3126 Magnolia Avenue, Long Beach, California 90806, Long Beach, 90806 - 2 bed, 1 bath
ACTIVE$680,000
3126 Magnolia Avenue, Long Beach, California 90806
2Beds
1Bath
818Sqft
5,508Lot
Year Built
1940
Close
-
List price
$680K
Original List price
$680K
Price/Sqft
$831
HOA
-
Days on market
-
Sold On
-
MLS number
PW25107736
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 25% below the list price. We found 3 Cons,5 Pros. Rank: price - $680.0K(35th), sqft - 818(14th), beds - 2(49th), baths - 1(49th).
Welcome home to this charming and cozy 2 Br & 1 Ba home with a detached permitted casita and detached 2 car garage.
Nearby schools
6/10
Birney Elementary School
Public,•K-5•0.2mi
8/10
Lafayette Elementary School
Public,•K-5•0.9mi
8/10
Los Cerritos Elementary School
Public,•K-5•1.0mi
5/10
Burnett Elementary School
Public,•K-5•1.4mi
6/10
Robinson Academy
Public,•K-8•0.6mi
7/10
Hughes Middle School
Public,•6-8•1.4mi
6/10
Washington Middle School
Public,•6-8•2.0mi
3/10
Cabrillo High School
Public,•9-12•1.7mi
6/10
Polytechnic High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
09/05/14
Sold
$410,000
Condition Rating
Poor
The property was built in 1940, making it 84 years old. The listing description and property analysis explicitly state that no major renovations are highlighted for the main house. This suggests that the core systems (electrical, plumbing, HVAC) and interior finishes, including the kitchen and bathroom, are likely original or very outdated. While the exterior appears maintained, an 84-year-old home without significant updates would require substantial repairs and rehabilitation to meet modern safety, comfort, and aesthetic standards. The lack of interior images for the kitchen and bathroom further supports the assumption that these areas are in poor condition and would necessitate full remodels.
Pros & Cons
Pros
Income/Flexibility Potential: The detached permitted casita offers significant value for rental income, multi-generational living, or a dedicated workspace.
ADU Conversion Potential: The detached 2-car garage presents a strong opportunity for future ADU conversion, enhancing property value and income potential, a trend seen in comparable sales.
Desirable Neighborhood: Located in the established Wrigley Area, known for its community feel and proximity to amenities and well-rated schools, including Birney Elementary just 0.22 miles away.
Generous Lot Size: The 5,508 sqft lot provides ample outdoor space for landscaping, entertaining, or potential future expansion.
Charming Character: The property is described as 'charming and cozy,' suggesting an appealing aesthetic and a welcoming atmosphere.
Cons
Significant Overpricing: The list price of $680,000 is substantially higher (25% above) than the property's estimated value, potentially hindering market competitiveness.
Limited Interior Space: At 818 sqft, the main house is relatively small for a single-family residence, which might be a constraint for buyers seeking more living area compared to similar properties.
Age of Property / Potential for Updates: Built in 1940, the home may require updates to its core systems or interior finishes to meet modern buyer expectations, as no major renovations are highlighted for the main house.