
Long Beach, California 90813
This Turnkey Multi-Unit Asset is listed at $1,399,000, representing a premium, like-new compound with a Condition Rating of 2. While priced above the $1,294,018 Fair Market Value, the property justifies its valuation through a total ground-up rebuild and RTI plans for two ADUs. The residences feature designer kitchens, new HVAC systems, and private decking, alongside a 600 SF commercial storefront. Currently generating over $10,000 monthly, this zero-maintenance asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to build generational wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1014 Myrtle Avenue Subject | $1,399,000* List Price | 0 | 0 | 3,313 | $391 | - |
A 717 E 8th Sold | $1,020,125 | 0 | 0 | 3,432 | $297 | 0.2 mi |
B 1408 Walnut Sold | $1,250,000 | 0 | 0 | 3,538 | $353 | 0.7 mi |
C 1524 E Hellman St Sold | $1,099,000 | 0 | 0 | 2,366 | $464 | 0.6 mi |
D 943 N Washington Place 4 Active | $1,500,000 List Price | 0 | 0 | 2,889 | $519 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property consists of two detached homes that have been completely rebuilt from the ground up, effectively making them like-new construction. The interiors feature modern kitchens with white shaker cabinetry, quartz countertops, and high-end stainless steel appliances. The homes include all-new plumbing, electrical, roofing, and HVAC systems, along with contemporary wide-plank flooring, recessed lighting, and dual-pane windows, representing a total turnkey opportunity with zero deferred maintenance.
Both detached residences have been fully reimagined from the ground up with all-new plumbing, electrical, roofing, and HVAC systems, offering a rare zero-maintenance opportunity for buyers.
The property includes a 600 SF commercial storefront with Ready-to-Issue (RTI) plans to convert the space into two additional ADUs, providing a streamlined path to increase density and cash flow.
Currently operating as a high-performing short-term rental with gross income exceeding $10,000 per month, this asset offers immediate high-yield potential for investors or house-hacking owner-occupants.
With two large homes and a commercial storefront on a 5,014 SF lot, the property has limited private yard space, which may be further constrained if the additional ADUs are constructed.
Located in an active redevelopment corridor, the immediate area is still in a state of transition, which may affect the short-term appreciation and appeal for traditional residential buyers.
Two fully reimagined detached homes on a single lot — this is the rare Long Beach opportunity buyers have been waiting for. 901 E 10th St offers a spacious 4-bedroom, 3.5-bath residence, while 1014 Myrtle delivers a well-appointed 3-bedroom, 2-bath home — each completely rebuilt from the ground up with all-new plumbing, electrical, roofing, kitchens, bathrooms, hardscape, landscaping, and decking. Both homes feature new AC and heating systems, tankless water heaters, and dual-pane windows throughout — plus off-street parking for each residence. Two separate homes. Zero deferred maintenance. Total turnkey. Currently operating as a high-performing short-term rental, the property has generated over $10,000/month in gross income during peak periods — making it equally compelling for owner-occupants looking to offset their mortgage, multi-generational families who want space without sacrificing proximity, or investors seeking a proven income asset. And the upside doesn't stop there. The property also includes a 600 SF commercial storefront, and comes with city-approved, Ready-to-Issue plans to convert the space into two ADUs — one on the ground floor and one above. The permitting groundwork is done, putting the next buyer in an exceptional position to add two additional income-producing units with minimal friction. Located in Long Beach's active redevelopment corridor and steps from public transit, this is a genuine long-term wealth-building asset with the hard work already done. Live in one. Lease the others. Build generational wealth from there.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,313 | 2,544 | 73% |
| Lot Size | 5,014 | 5,200 | 47% |
| Price | $1.40M | $1.02M | 93% |
| Price per sq ft | $422 | $422 | 50% |
| Built year | 1913 | 1922 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 164 | 7% |
Apr 16, 2026
$1,399,000
Initial Listing
Feb 15, 2024
$660,000
Public Record