NOT LISTED FOR SALE

1950 Magnolia Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $908,000 - $1,147,000

6 Beds
2 Baths
2,016 Sq Ft
$494/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $920,000 $456 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,334/month

13 Days on Market

About This Home

As of May 2022

Large Long Beach Duplex Consisting of Two 3bed/1bath with Three Garage Spaces Located Just South of the Wrigley Area on a Tree-Lined Street. Only Two Miles to the Beach and One Mile from the Downtown Area. Each Unit is Just Over 1,000 sqft of Living Space. Long Term Tenants in Place Paying Market Rent. Great for Any Investor Looking to Cash Flow from the Start.

Last Agent to Sell the Property

Jason Hastings

Compass License #02002328 Listed on: 04/05/2022

Compass

Co-Listed By

Henriett Novak

Compass License #02004206

Last Buyer's Agent

Jeffrey Isenberg

Buckingham Investments, Inc License #02059354

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,373

Year Built

  • Built in 1929

Lot Details

  • 4,151 Sq Ft Lot

Parking

  • 3 Car Garage

Home Design

  • 2,016 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7209-032-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,373

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2016
  • Lot Acreage: 0.0953
  • Year Built: 1929
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 421.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 3 Car
  • Total Parking: 3

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Number Electric Meters: 2

Lot Info

  • Assessed Improvement Percent: 58.33
  • Assessed Improvement Value: 367909
  • Assessed Land Percent: 41.67
  • Assessed Land Value: 262794
  • Total Assessed Value: 630703
  • Assessor Parcel Number: 7209-032-012
  • Lot Size Area: 4151

Rental Info

  • Number Leased: 2

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2022
Sold by
Thorson and Laura
Bought by
Magnolia Property Investments Llc
Current Estimated Value
$996,344

Purchase Details

Listed on
Sep 12, 2017
Closed on
Oct 2, 2017
Sold by
Ssensaio Bede and Ssensalo Renee M
Bought by
Ssensalo Renee
Seller's Agent
Greg Foster
Skymark Real Estate Group
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$599,999
Sold Price
$599,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%
Original Mortgage
$589,131
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 12, 2017
Closed on
Sep 21, 2017
Sold by
Ssensalo Renee
Bought by
Sanders Eric and Fisseha Seble
Seller's Agent
Greg Foster
Skymark Real Estate Group
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$599,999
Sold Price
$599,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,131
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2006
Sold by
Ssensalo Bede M
Bought by
Ssensalo Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2006
Sold by
Ssensalo Renee M
Bought by
Ssensalo Bede and Ssensalo Renee M

Purchase Details

Closed on
Oct 24, 2005
Sold by
Ginn Williams Yulander
Bought by
Ssensalo Renee M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
5.74%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 15, 2003
Sold by
Williams Gilbert
Bought by
Ginn Williams Yulander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2003
Sold by
Lozano Juan Ramon and Lozano Maria G
Bought by
Ginn Williams Yulander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2001
Sold by
Sanabria George
Bought by
Lozano Juan Ramon and Lozano Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,879
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 20, 2000
Sold by
Hud
Bought by
Sanabria Jorge A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,716
Interest Rate
7.81%

Purchase Details

Closed on
Jun 7, 1999
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
May 19, 1999
Sold by
Vasquez Agustin and Vasquez Maura Luz
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Aug 21, 1997
Sold by
Salazar Humberto
Bought by
Vasquez Agustin and Vasquez Maura Luz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,945
Interest Rate
7.43%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 30, 1997
Sold by
Hud
Bought by
Salazar Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.91%

Purchase Details

Closed on
Oct 16, 1996
Sold by
Guerrero Mario and Michel Ricardo
Bought by
Countrywide Home Loans Inc and Countrywide Funding Corp

Purchase Details

Closed on
Aug 26, 1996
Sold by
Countrywide Home Loans Inc
Bought by
Hud
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Magnolia Property Investments Llc -- --
Ssensalo Renee -- Equity Title Company
Ssensalo Renee -- None Available
Sanders Eric $600,000 Equity Title Company
Ssensalo Renee -- Gateway Title Company
Ssensalo Bede -- None Available
Ssensalo Renee M $595,000 Fatcola
Ssensalo Renee M -- First American Title Company
Ginn Williams Yulander -- First American Title Co
Ginn Williams Yulander $340,000 First American Title Co
Lozano Juan Ramon $202,000 --
Sanabria George -- --
Sanabria Jorge A $157,000 First Southwestern Title Co
Hud $216,814 --
Homeside Lending Inc $216,814 --
Vasquez Agustin $199,000 California Counties Title Co
Salazar Humberto $103,000 California Counties Title Co
Countrywide Home Loans Inc $180,379 --
Hud -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanders Eric $589,131
Previous Owner Ssensalo Renee $634,500
Previous Owner Ssensalo Renee M $119,000
Previous Owner Ssensalo Renee M $476,000
Previous Owner Ginn Williams Yulander $272,000
Previous Owner Lozano Juan Ramon $198,879
Previous Owner Sanabria Jorge A $155,716
Previous Owner Vasquez Agustin $192,945
Previous Owner Salazar Humberto $99,000
Closed Ginn Williams Yulander $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2022 05/13/22 Sold $920,000 +8.2% $456 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $850,000 +41.7% $422 / Sq Ft
10/31/2017 10/31/17 Sold $599,999 0.0% $298 / Sq Ft View Prior Sale
09/12/2017 09/12/17 For Sale $599,999 -- $298 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,373 $976,310 $615,500 $360,810
2024 $12,373 $957,168 $603,432 $353,736
2023 $12,167 $938,400 $591,600 $346,800
2022 $8,128 $643,316 $268,049 $375,267
2021 $7,964 $630,703 $262,794 $367,909
2019 $7,851 $611,998 $255,000 $356,998
2018 $7,601 $599,999 $250,000 $349,999
2016 $5,581 $455,000 $348,800 $106,200
2015 $5,154 $430,000 $329,600 $100,400
2014 $5,218 $430,000 $329,600 $100,400
Source: Public Records

Agents Affiliated with this Home

  • Jason Hastings

    Seller's Agent in 2022

    Jason Hastings

    Compass

    (972) 897-0148

    1 in this area

    19 Total Sales

    Jason Hastings
    Section Image
  • Henriett Novak

    Seller Co-Listing Agent in 2022

    Henriett Novak

    Compass

    (424) 226-8992

    1 in this area

    12 Total Sales

    Henriett Novak
    Section Image

  • J

    Buyer's Agent in 2022

    Jeffrey Isenberg

    Buckingham Investments, Inc

  • Greg Foster

    Seller's Agent in 2017

    Greg Foster

    Skymark Real Estate Group

    (949) 438-1258

    18 Total Sales

    Greg Foster
    Section Image
  • Kevin Hoban

    Buyer's Agent in 2017

    Kevin Hoban

    Kevin C. Hoban, Broker

    (562) 708-0393

    12 Total Sales

    Kevin Hoban
    Section Image
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Map

Source: The MLS

MLS Number: 22-143315

The MLS

APN: 7209-032-012

California Los Angeles County Long Beach 90806 South Wrigley

1950 Magnolia Ave, Long Beach, CA

This home is located at 1950 Magnolia Ave, Long Beach, CA 90806 since 05 April 2022 and is currently estimated at $996,344, approximately $494 per square foot. This property was built in 1929. 1950 Magnolia Ave is a home located in Los Angeles County with nearby schools including Lafayette Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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