
Long Beach, California 90803
This High-Potential Investment Opportunity is a Luxury Oceanfront Duplex listed at $4,675,000, positioned well below the $4,448,027 Fair Market Value by 5%. Featuring a Condition Rating of 2, this property underwent a comprehensive 2021-2024 transformation, including a glass pneumatic elevator and ultra-luxury finishes. Located in the Long Beach Unified district near Naples Elementary (10/10), it offers immense flexibility for Buy-and-Hold Investors or Owner-Occupants seeking a premier coastal compound with significant appreciation potential ahead of the 2028 Olympics.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10 66th Place Subject | $4,675,000* List Price | 5 | 6 | 3,686 | $1,207 | - |
A 55 59th Place Active | $3,945,000 List Price | 4 | 6 | 3,711 | $1,063 | 0.3 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). It features ultra-luxury finishes such as SMEG and Thermador appliances, marble fireplaces, a glass pneumatic elevator, and designer kitchens, meeting the criteria for a fully renovated home with no deferred maintenance.
Elementary School: Naples Elementary School (10/10).
Situated directly on the sand at a rare corner lot on the Peninsula, the property offers unobstructed panoramic views of Catalina Island, the coastline, and city lights.
A total transformation between 2021 and 2024 included new major systems, a glass pneumatic elevator, and ultra-luxury finishes such as SMEG appliances and marble fireplace surrounds.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Despite the extensive recent renovations, the 1962 original structure requires ongoing, rigorous maintenance to mitigate the corrosive effects of direct salt-air exposure.
While the two-car garage is a rare amenity for the area, the Peninsula's high-density layout results in extremely limited street parking for guests and visitors.
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 | 5.0 | 4.0 |
| Baths | 6.0 | 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 | 160 | 68 |
May 29, 2026
$4,675,000
$4,775,000
-2% Price Drop
Initial Listing
Feb 12, 2026
$4,775,000
Initial Listing
Oct 1, 2020
$2,625,000
Public Record