NOT LISTED FOR SALE

2005 Magnolia Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $954,000 - $1,113,000

4 Beds
2 Baths
1,695 Sq Ft
$611/Sq Ft Est. Value

Last Sold August 28, 2018

Last sale price $685,000 $404 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,477/month

26 Days on Market

About This Home

As of August 2018

STUNNING remodeled duplex in the heart of Long Beach with incredible cashflow potential. Live in one and rent the other, or rent both on a great location. Minutes from the ocean, Pike Outlets, the Aquarium of the Pacific, Convention Center, and Arts District. These units provide accessibility to the best Long Beach has to offer. Both units have been remodeled with new kitchen upgrades and appliances, new floors, paint, and recessed lighting. The front unit is a 1BD/1BA with a spacious open living room. The back unit is a big 3BD/1BA unit with it's own washer/dryer. A front private porch for both units serves as extra privacy and entertainment. The long driveway to the back of the home leads to individual detached car garages, one for each unit. Both units have tenants under month to month leases. No rent control provides upside on rents though income is solid as it is. DO NOT DISTURB TENANTS! UNITS SHOWN UPON ACCEPTED OFFER ONLY!

Last Agent to Sell the Property

Federico Rolon

Compass License #01909524 Listed on: 06/21/2018

Compass

Last Buyer's Agent

Teresa Mack

Pacific Playa Realty License #01766118

Pacific Playa Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,015

Year Built

  • Built in 1941

Lot Details

  • 4,677 Sq Ft Lot

Parking

  • 4 Car Detached Garage

Interior Spaces

  • 1,695 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7202-043-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,015

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1695
  • Stories: 2
  • Year Built: 1941
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 395.22

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 4

Lot Info

  • Assessor Parcel Number: 7202-043-027
  • Geocode Override: No
  • Lot Size Area: 4677

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 140
  • Type Of Units: INCOME
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2021
Sold by
Lawrence Alexander Cornelius
Bought by
Lawrence Alexander Cornelius and Graham Lawrence Kelly
Current Estimated Value
$1,015,379

Purchase Details

Listed on
Jun 21, 2018
Closed on
Aug 21, 2018
Sold by
Lawrence Kelly Graham
Bought by
Lawrence Alexander C
Seller's Agent
Federico Rolon
Compass
Buyer's Agent
Teresa Mack
Pacific Playa Realty
List Price
$669,900
Sold Price
$685,000
Premium/Discount to List
$15,100
2.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
Original Mortgage
$460,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2018
Closed on
Jul 24, 2018
Sold by
Oviedo Ricardo Amaury Rivas
Bought by
Lawrence Alexander C
Seller's Agent
Federico Rolon
Compass
Buyer's Agent
Teresa Mack
Pacific Playa Realty
List Price
$669,900
Sold Price
$685,000
Premium/Discount to List
$15,100
2.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2018
Sold by
Acosta Rivas Pamella
Bought by
Oviedo Ricardo Amaury Rivas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2016
Closed on
Aug 3, 2017
Sold by
Neely Hershall Thomas
Bought by
Rivas Ricardo Amaury
Seller's Agent
Jocelyn Pierce
eXp Realty of California Inc.
Buyer's Agent
Federico Rolon
Compass
List Price
$799,000
Sold Price
$500,000
Premium/Discount to List
-$299,000
-37.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.63%
Original Mortgage
$425,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2011
Sold by
Mejia Norma
Bought by
Neely Hershall Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.77%
Mortgage Type
VA

Purchase Details

Closed on
Feb 1, 2007
Sold by
Boulware Christopher
Bought by
Mejia Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.67%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 30, 2007
Sold by
Duke Terry
Bought by
Mejia Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.67%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 5, 2005
Sold by
Duke Terry
Bought by
Duke Terry and Duke Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 1999
Sold by
Duke Robert E
Bought by
Duke Terry
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
Lawrence Alexander Cornelius -- None Available
Lawrence Alexander C -- California Title
Lawrence Alexander C $685,000 California Title Company
Oviedo Ricardo Amaury Rivas -- Pacific Coast Title Company
Oviedo Ricardo Amaury Rivas -- Pacific Coast Title Company
Rivas Ricardo Amaury $500,000 Chicago Title Company
Neely Hershall Thomas $250,000 Stewart Title Of Ca Inc
Mejia Norma -- Alliance Title Company
Mejia Norma $500,000 Alliance Title Company
Duke Terry -- --
Duke Terry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawrence Jr Alexander C $460,000
Closed Lawrence Alexander C $460,000
Closed Lawrence Alexander C $460,000
Previous Owner Oviedo Ricardo Amaury Rivas $431,000
Previous Owner Rivas Ricardo Amaury $425,000
Previous Owner Neely Hershall Thomas $261,655
Previous Owner Neely Hershall Thomas $250,357
Previous Owner Neely Hershall Thomas $260,533
Previous Owner Neely Hershall Thomas $250,000
Previous Owner Mejia Norma $450,000
Previous Owner Duke Terry $200,000
Previous Owner Duke Terry $177,000
Previous Owner Duke Terry $135,522
Previous Owner Duke Terry $86,659
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2018 08/28/18 Sold $685,000 +2.3% $404 / Sq Ft
06/21/2018 06/21/18 For Sale $669,900 +34.0% $395 / Sq Ft
09/07/2017 09/07/17 Sold $500,000 -8.9% $295 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
07/06/2017 07/06/17 Price Changed $549,000 +10.0% $324 / Sq Ft
07/06/2017 07/06/17 Price Changed $499,000 -16.8% $294 / Sq Ft
01/19/2017 01/19/17 Price Changed $599,999 -14.2% $354 / Sq Ft
12/28/2016 12/28/16 Price Changed $699,000 -12.5% $412 / Sq Ft
11/30/2016 11/30/16 For Sale $799,000 -- $471 / 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 $11,015 $854,431 $278,876 $575,555
2024 $11,015 $837,678 $273,408 $564,270
2023 $9,724 $734,454 $268,048 $466,406
2022 $9,129 $720,054 $262,793 $457,261
2021 $8,841 $705,937 $257,641 $448,296
2020 $8,818 $698,700 $255,000 $443,700
2019 $8,715 $685,000 $250,000 $435,000
2018 $6,282 $500,000 $200,000 $300,000
2016 $1,952 $270,563 $162,338 $108,225
2015 $1,870 $266,500 $159,900 $106,600
2014 $1,856 $261,280 $156,768 $104,512
Source: Public Records

Agents Affiliated with this Home

  • Federico Rolon

    Seller's Agent in 2018

    Federico Rolon

    Compass

    (845) 249-9210

    50 Total Sales

    Section Image
  • Teresa Mack

    Buyer's Agent in 2018

    Teresa Mack

    Pacific Playa Realty

    (323) 377-9379

    107 Total Sales

    Section Image
  • Jocelyn Pierce

    Seller's Agent in 2017

    Jocelyn Pierce

    eXp Realty of California Inc.

    (310) 953-2700

    9 Total Sales

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Map

Source: The MLS

MLS Number: 18-357266

The MLS

APN: 7202-043-027

California Los Angeles County Long Beach 90806 South Wrigley

2005 Magnolia Ave, Long Beach, CA

This home is located at 2005 Magnolia Ave, Long Beach, CA 90806 since 21 June 2018 and is currently estimated at $1,035,810, approximately $611 per square foot. This property was built in 1941. 2005 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.
Information is deemed reliable but not guaranteed.

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