1107 Mahanna, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Triplex Residential Income property is a Strong Value Opportunity, listed at $699,999—positioned well below the $770,408 Fair Market Value by 9%. This valuation gap offers $70,409 in Instant Equity. With a Fair Condition Rating and two vacant units, the property is primed for a "house-hacking" strategy. Located near Lincoln Elementary School, this asset offers significant upside for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through immediate rental income in a high-demand coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1107 Mahanna Subject | $699,999* List Price | 0 | 0 | 1,695 | $455 | - |
A 909 Gaviota Sold | $720,000 | 0 | 0 | 1,760 | $409 | 0.3 mi |
B 1912 E 10th Sold | $783,000 | 0 | 0 | 1,568 | $499 | 0.4 mi |
C 1105 Cherry Ave Sold | $880,000 | 0 | 0 | 2,059 | $427 | 0.4 mi |
D 1082 1084 Lewis Sold | $505,000 | 0 | 0 | 1,400 | $361 | 0.2 mi |
E 811 Lime Avenue Active | $879,000 List Price | 0 | 0 | 2,016 | $436 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1919, the property is functional but dated, featuring older wall heaters, wood paneling, and basic kitchen finishes that appear to be over 20 years old. While move-in ready, it requires cosmetic updates and system modernizations to reach modern standards.
With two of the three units currently vacant, this property offers a rare opportunity for an owner-occupant to move in while immediately placing market-rate tenants in the other units to offset mortgage costs.
Situated in the high-demand Alamitos Beach area near downtown and major freeways, the property is perfectly positioned to capitalize on strong local rental demand and coastal lifestyle appeal.
The competitive listing price combined with the potential for rent increases provides a significant upside for investors looking to improve cash flow through strategic renovations and management.
Built in 1919, the property may require substantial capital investment for deferred maintenance or modernization of aging electrical, plumbing, and structural systems.
With only 1,695 total square feet divided among three units, the individual floor plans are relatively small, which may limit the appeal for tenants seeking more spacious accommodations.
Welcome to Long Beach. This rare and affordable investment opportunity is located in the heart of the city. Close to downtown, the beach, and major freeways, this property is in a prime location with strong rental demand. The first unit features two bedrooms and one bathroom. The other two units consist of one bedroom, one bathroom each. Two of the units are currently vacant, giving buyers the chance to move in and rent the other units for added income. This makes it a great option for both new and experienced investors looking to use a “house-hacking” strategy.The property also offers upside potential with current rents, creating an opportunity to increase cash flow over time. Don’t miss this chance to own an income-producing property in one of Southern California’s most desirable rental markets. All this and so much more make it the perfect and ideal place to call home. Long Beach "The Most on the Coast!"
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.7 mi
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 | 1,695 | 2,455 | 32% |
| Lot Size | 4,735 | 5,839 | 32% |
| Price | $700.0K | $960.0K | 18% |
| Price per sq ft | $413 | $381 | 59% |
| Built year | 1919 | 1921 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 190 | 5% |
May 14, 2026
$699,999
Initial Listing