
Long Beach, California 90802
This Spanish Duplex is a High-Potential Investment Opportunity, listed at $1,625,000—positioned above the $1,472,958 Fair Market Value. While priced for its premium turnkey status, the property features a Condition Rating of 3 following a full gut remodel. With ADU potential, off-street parking, and a flexible layout that converts to 3-bedroom units, it offers significant income-generating versatility. Located one block from the beach near highly-rated schools like Stevenson Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1131 E 2nd Subject | $1,625,000* List Price | 0 | 0 | 3,284 | $449 | - |
A 480 Cherry Ave. Sold | $1,300,000 | 0 | 0 | 3,642 | $357 | 0.7 mi |
B 421 N Rose Active | $1,300,000 List Price | 0 | 0 | 3,576 | $364 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a comprehensive gut remodel including all major systems (new wiring, electric panels, plumbing, roof, and ducting). While the listing describes it as 'like-new,' the aesthetic of the kitchen cabinetry and granite choices suggests the renovation occurred within the 5-15 year range. It is in well-maintained, move-in ready condition with functional, high-quality finishes.
The property underwent a full gut remodel including new wiring, plumbing, and roof, offering the reliability of new construction while preserving its 1920s Spanish architectural character.
Rare for the Alamitos Beach area, the property features a long driveway, a 2-car garage with an EV charger, and significant upside potential for an ADU build-out above the garage.
Both units will be delivered vacant and feature versatile floor plans that easily convert to 3-bedroom residences, maximizing rental income or multi-generational living options.
While ducting is in place for easy installation, the property currently lacks active central air conditioning, which may be a drawback for tenants or owners during warmer months.
Despite its prime location just one block from the beach, the property offers only neighborhood views rather than direct ocean or coastal vistas.
Pride of Ownership Spanish Duplex – Two Homes in One, Fully Rebuilt from the Inside Out. Both to be delivered vacant. Rare opportunity in the heart of Long Beach’s East Village / Downtown beach community: This 3,284 sqft Duplex is comprised of two nearly identical ~1,600 sq ft residences (ground-floor + second-floor) that live and feel like two separate single-family homes. The previous owner completed a no-expense-spared full gut remodel for himself and his mother — new wiring, new electric panels, new roof, plumbing, and ducting throughout. Central A/C can be added easily to the existing central heat. Every surface was upgraded while preserving original Spanish character: arched picture windows, coved ceilings, pristine hardwood floors, custom cabinetry, recessed lighting, and a whole-house speaker system. Each unit currently offers 2 bedrooms + 2 baths plus a large formal dining room off the entry that converts easily to a third bedroom (creating two 3-bed/2-bath rentals). Layout consists of a primary suite with en-suite bath, second bedroom, hall bath, dining room (that can be your 3rd bedroom) oversized living room with built-ins, and eat-in kitchen with granite counters, island, stainless appliances, and abundant storage. The upstairs unit adds a fireplace, private balcony, and convenient third-floor laundry room (side-by-side washer/dryer + sink) with roof access — ideal for future rooftop entertaining or build-out. Separate utilities already in place: two 50-gallon water heaters, two gas meters, two water meters (second city-side service installed and ready to connect to the other unit or future ADU), and three electric meters (one dedicated to exterior lighting). Huge additional upside with ADU potential above the large 2-car garage in back. Off-street parking is a major plus: automatic security gate, long driveway for extra vehicles, 2-car garage plus additional space for motorcycles, EV 240v plug installed, toys, or workshop. Private backyard patio with exterior flood lighting and string lights for outdoor living. Live in one and rent the other, occupy both with extended family, or convert to high-demand 3-bed rentals. Just one block from the beach and a short walk to the energy of East Village, shops, restaurants, and the Downtown Long Beach waterfront. This is turn-key, like-new construction wrapped in authentic 1920s Spanish charm — ready for its next chapter as a primary residence, multi-generational compound, or strong income property.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 3,284 | 2,300.724 |
| Lot Size | 4,418 | 5,277.379 |
| Price | $1.62M | $1.24M |
| Price per sq ft | $495 | $513 |
| Built year | 1926 | 1949 |
| HOA | $0 | $0 |
| Days on market | 13 | 74 |
Aug 27, 2026
$1,625,000
Initial Listing
Aug 1, 2018
$1,080,000
Public Record
Apr 4, 2013
$725,000
Public Record
Aug 29, 2008
$755,500
Public Record