
Long Beach, California 90803
This High-Potential Investment Opportunity is listed at a List Price of $4,675,000, aligning perfectly with its $4,675,000 Fair Market Value. Recently renovated to a Condition Rating of 2, this oceanfront duplex features a pneumatic glass elevator, SMEG appliances, and unobstructed panoramic ocean views. With a rare short-term rental permit and proximity to 2028 Olympic events, the property offers significant income-producing potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury coastal compound with immediate rental upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10 66th Subject | $4,675,000* List Price | 0 | 0 | 3,686 | $1,268 | - |
A 10 66th Place Active | $4,675,000 List Price | 5 | 6 | 3,686 | $1,268 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive transformation between 2021 and 2024, including the replacement of all major systems (roof, electrical, plumbing, windows). The interiors feature high-end, mint-condition finishes such as SMEG and Thermador appliances, marble trough sinks, and a pneumatic elevator, qualifying it as a recent renovation under 5 years old.
Elementary School: Naples Elementary School (10/10).
Situated directly on the sand at a premier corner lot, this property offers unobstructed coastal views and immediate beach access in the exclusive Peninsula enclave.
A comprehensive 2021-2024 renovation includes a new roof, upgraded systems, a pneumatic glass elevator, and high-end designer finishes like SMEG appliances and marble accents.
With only a two-car garage serving two separate residences (five bedrooms total), parking may be challenging for guests or residents in this high-density beachfront area.
Located in the Peninsula neighborhood, the property sits on a compact lot with close proximity to neighbors, which may limit privacy compared to more secluded luxury estates.
Positioned directly on the sand at a premier corner location, this exceptional oceanfront property offers a rare combination of architectural sophistication, flexibility, and future upside. Currently configured as two expansive residences, a three bedroom lower home and a two bedroom plus den/office upper home, the property may also be reimagined as one grand single family beachfront estate. This home currently holds a short term rental permit with the city of Long Beach! Between 2021 and 2024, the building underwent a comprehensive transformation, with nearly every major system upgraded or replaced. Improvements include a new roof, replastered exterior, upgraded electrical and plumbing, new windows and doors, a newly constructed oceanfront balcony, and a striking glass pneumatic elevator showcasing coastal views. Interiors reflect a refined international aesthetic, elevated by imported finishes and bespoke design elements. A SMEG gas range, custom fabricated hoods, marble fireplace surrounds, a built-in Thermador refrigerator, floor to ceiling wine display, Toto electronic water closet, and integrated microwave drawers define the living spaces. Kitchens are designed for entertaining, featuring a 22 foot counter in the lower residence and a 15 foot island with vegetable sink in the upper residence. Outdoor living is equally compelling, highlighted by an ocean view entertaining terrace with an 18 by 13 foot porcelain clad kitchen with quartz countertops, along with a custom outdoor shower accented by an original hand painted surfboard. A refined entry lobby connects both residences and the elevator, while a fully finished two car garage provides a rare and valuable amenity in this beachfront enclave. With Long Beach selected to host multiple events during the 2028 Summer Olympics, and the region welcoming the upcoming World Cup and Super Bowl, the property presents a compelling opportunity for luxury short term rental demand and long term value appreciation, whether enjoyed as a private coastal compound or a high end income producing asset.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,686 | 2,100 |
| Lot Size | 3,927 | 5,077.5 |
| Price | $4.67M | $1.14M |
| Price per sq ft | $1.3K | $519 |
| Built year | 1962 | 1950 |
| HOA | $0 | $0 |
| Days on market | 15 | 68 |
Jul 7, 2026
$4,675,000
Initial Listing
Oct 1, 2020
$2,625,000
Public Record