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Closed
- Listed price
- $1,995,000
- Listed Jun 12, 2017
- Sold price
- $2,022,000
- Sold Aug 17, 2017
7,875 sqft lot|1923 Built|9 MLS days on market
1030 Magnolia Ave, Long Beach, CA 90813
Property Description
Built in 1923, the subject property is a Spanish-style apartment complex comprised of Ten bungalow style One Bedroom / One Bath units averaging 507 square feet each. Current ownership completely renovated all Ten units periodically over the past two years with the intent on holding this asset. The most recent unit was recently rented for $1,295, which is $200 more than the lowest in-place rents of $1,095. True value-add investment opportunity with all the renovation work already completed, making it easy for a new owner to simply raise the remaining rents to market, as Long Beach is NOT subject to rent control. The property is separately metered for gas & electricity and has an on-site laundry facility not currently being utilized due to an expired lease contract with CSC. A new owner could install owned laundry and implement a tenant utility reimbursement program for an additional income boost.
Listing agent: Andrew McAllisterDRE #01946829drew@nrecommercial.com, Listing office: Nationwide Real Estate Execs
MLS data updated 11/2/2026, 5:50:16 PM PT
Source: CRMLSMLS #: RS17130123
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,022,000
Aug 17, 2017
Available records22017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90813 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90813 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.