
Long Beach, California 90813
This Duplex Residential Income Asset is a Strong Value Opportunity, listed at $699,000—positioned above the $613,504 Fair Market Value. While the property carries a premium, it offers a Condition Rating of 3, featuring recent interior refreshes, new cabinetry, and durable flooring. The shared backyard patio and prime location near East Village provide high rental appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a walkable, high-demand Long Beach neighborhood.
Property is move-in ready.
Despite the 1919 build date, the property is well-maintained and move-in ready following recent refreshes. Updates include new kitchen and bathroom cabinets, countertops, fresh interior paint, and a mix of tile and wood laminate flooring. While systems like the wall heater and window AC are dated, the overall interior condition meets the criteria for a functional, renovated investment property.
This well-maintained duplex offers excellent flexibility for an owner-user to occupy one unit while generating rental income from the other, or for an investor to capitalize on two refreshed, move-in-ready units.
Both units feature modern refreshments including new interior paint, updated kitchen and bathroom cabinetry, stylish countertops, and durable wood laminate flooring, reducing immediate capital expenditure for a buyer.
Situated in a highly accessible area near the East Village and Alamitos Beach, the property is within walking distance to local favorites like Medina's Bakery and public transit, making it attractive to urban-dwelling tenants.
The property lacks dedicated on-site parking, a significant drawback in Long Beach that requires residents to either rely on street parking or pay an additional monthly fee for off-site spaces.
With a total of 1,012 square feet across two units on a small 1,353 square foot lot, the living quarters and outdoor shared spaces are relatively constrained, which may limit appeal for tenants seeking more room.
This is an Amazing Opportunity, the lowest priced duplex in Long Beach! It has FHA financing, own a well-maintained duplex featuring two units, 1007 Lewis Ave and 1009 Lewis Ave. Both units are now vacant. The bottom unit will be available to show starting Saturday Sept. 5th, 2026. The top unit at 1007 Lewis Ave. offers 2 Bedrooms, with an extra room that provides flexibility and is ideal for use as a home office, nursery, guest room or additional 3rd bedroom. The unit features fresh interior paint, a bright living space, and an outside washer & dryer area. It is available to show now. The first floor unit at 1009 Lewis Ave. offers a, 1 Bedroom and 1 Bath unit, inside laundry, creating a practical layout. Both units have been refreshed, ceiling fans , counter tops & cabinets in kitchens & baths, tile and lovely wood laminate flooring. Outside there is a storage unit, security fence, and a shared backyard patio and entertaining area. This income-producing property is just minutes from the Hip East Village, Alamitos Beach, dining and public transportation. Walk to Medina's Bakery, La Bodega #2 for fresh meat, fruits and vegetables, Tacos at Chemas Place and fresh coffee and donuts at Tasty's and even a barber shop around the corner! Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this duplex presents an excellent opportunity. Both units delivered vacant. This will allow owner occupied in 1 unit and rent out the second unit with a new lease. Parking spaces for rent across the street at Colonia Tires and Auto Repair for $80/month.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 1,012 | 2,300.724 |
| Lot Size | 1,353 | 5,277.379 |
| Price | $635.0K | $1.24M |
| Price per sq ft | $627 | $513 |
| Built year | 1919 | 1949 |
| HOA | $0 | $0 |
| Days on market | 47 | 74 |
Sep 3, 2026
$635,000
$649,000
-2% Price Drop
Initial Listing
Aug 14, 2026
$649,000
$699,000
-7% Price Drop
Initial Listing
Jul 24, 2026
$699,000
Initial Listing
Jun 27, 2023
$625,000
Public Record
Mar 21, 2017
$390,000
Public Record
Sep 10, 2009
$185,000
Public Record
Jun 8, 2009
$100,000
Public Record
Oct 26, 2005
$475,000
Public Record
Apr 29, 2005
$7,500
Public Record
Mar 14, 2005
$329,000
Public Record
Nov 26, 2003
$236,000
Public Record