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Millman Team Real Estate

$1,200,000
0.14 Acre Lot

2421 Magnolia, Long Beach, California 90806

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1942 Year Built
Property Description

Exceptional four-unit investment opportunity in Long Beach with a remarkable family ownership history dating back to 1948. The current owner’s grandmother originally purchased the property, and it has remained in the family ever since. The property consists of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable and diversified unit mix. Pride of ownership is evident throughout the property, featuring well-maintained stucco, manicured landscaping, a neatly maintained lawn, clean concrete walkways, covered entry areas and secure exterior access. The property also features individual one-car garages with convenient alley access, providing each unit with dedicated parking. Long-term tenancy and a history of dependable rental performance make this an attractive addition to an investor’s portfolio. Ideally located near shopping, dining, transportation and major Long Beach amenities.

Basic Details
Residential Income
For Sale
RS26193414
$1,200,000
1942
0.14 Acre
Active
1
Mixed Use
: None
Features
: None
: Forced Air
: None
: Gas, Bath, Kitchen
: Assigned
: Laminate
: Common Area
: Public Sewer
$0
Appliances
: Gas Range
Address Map
CA
Los Angeles
Long Beach
Wrigley Area (WR)
90806
Magnolia
2421
W119° 48' 5.9''
N33° 48' 4.5''
Take Willow to Magnolia and go west .3 miles.
5 - Wrigley Area
Additional Information
$0
$0
$0
$0
$0
: None
3516
: Sidewalks, Suburban, Biking
2
1.0
: Two
: Front Yard, Landscaped, 2-5 Units/Acre, Lawn, Street Level, Sprinklers In Rear, Sprinklers In Front, Sprinklers On Side
4
2026-09-04
2
2
: Public
Broker/Agent Information
Frank Lynch IV, Broker
Frank Lynch
Listing Information
RLYNCFR2
RBIV
Cash to New Loan, Conventional
Active
2026-09-29T20:47:12Z
CRMLS
: Standard
2026-09-04T11:10:01Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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