
Long Beach, California 90815
This Versatile Multi-Unit Property is a High-Potential Investment Opportunity, listed at $1,395,000—positioned well below the $1,432,436 Fair Market Value by 2%. This valuation gap offers $37,436 in Instant Equity. With a Condition Rating of 3, the home features a 7,532 sqft lot with ADU potential and a studio-style layout. Located near 10/10 rated schools like Gant Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking income-generating flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1417 Vuelta Grande Subject 0 bd · 0 ba · 2,440 sqft · $566 | $1,325,000* List Price | 0 | 0 | 2,440 | $566 | - |
A 856 Roxanne Sold 3 bd · 2 ba · 2,328 sqft · $473 · 0.5 mi | $1,100,000 | 3 | 2 | 2,328 | $473 | 0.5 mi |
B 868 Stevely Sold 4 bd · 2 ba · 1,978 sqft · $592 · 0.5 mi | $1,170,000 | 4 | 2 | 1,978 | $592 | 0.5 mi |
C 1915 Volk Avenue Sold 3 bd · 2 ba · 1,781 sqft · $696 · 0.6 mi | $1,240,000 | 3 | 2 | 1,781 | $696 | 0.6 mi |
D 6840 E 10th Street Sold 3 bd · 3 ba · 2,640 sqft · $644 · 0.4 mi | $1,700,000 | 3 | 3 | 2,640 | $644 | 0.4 mi |
E 715 N Lariat Sold 3 bd · 3 ba · 2,649 sqft · $604 · 0.7 mi | $1,600,000 | 3 | 3 | 2,649 | $604 | 0.7 mi |
F 1876 Petaluma Avenue Active 4 bd · 3 ba · 2,411 sqft · $597 · 0.4 mi | $1,439,000 List Price | 4 | 3 | 2,411 | $597 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready. While the kitchen and bath renovations date back to the early 2000s (approx. 20-24 years), the most critical systems are much newer, including a 4-year-old HVAC, 8-year-old roof, and 10-year-old dual-pane windows. The interior remains functional and aesthetically modern with recessed lighting and hardwood floors.
Elementary School: Gant Elementary School (10/10). Middle School: Tincher Preparatory School (9/10).
The property offers exceptional versatility with a large 7,532 sqft lot and an existing studio-style layout with a separate entrance, providing immediate rental income or Junior ADU conversion opportunities.
Key high-ticket maintenance items have been addressed, including a newer HVAC system (4 years), roof (8 years), and dual-pane windows, reducing immediate capital expenditure for the buyer.
While functional, the kitchen, bathroom, and flooring renovations date back to the early 2000s, which may require cosmetic updates to meet modern luxury expectations at this price point.
The property lacks any significant views, which could be a drawback for buyers seeking the coastal or city vistas often associated with high-value Long Beach real estate.
This is a home with endless options- currently rented as a 3 bedroom, 4 bathroom, huge family room (designed like a studio apt with its separate entrance, kitchenette, offering potential junior ADU conversion for a true separate rental). This property is on an oversized 7500sf lot and room potential for an ADU or two, plus potential to convert existing home to 2 units (1bd/2ba 2-st townhome of approx 1000sf + 2/2 single level home of approx 1500sf or 3bd/4ba home + studio). It’s a great location and easy rental- at the best per Sq ft value in the entire area…. If you are Investor in a 1031 Exchange, this is the one ! Seller already completed his reverse exchange and will consider all short escrows….. ALSO PERFECT OWNER OCCUPANT - live in one and rent the others. Perfect for Muli-gen family members living together but privately and separately, plus income. Use your 1031x and live in later. Seller has completed many upgrades- Dual pane windows and door (10 yrs) Roof (8 yrs) HVAC (4 yrs) overall kitchen bath flooring, trellis, landscape all since early 2000s.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,440 | 1,516.237 |
| Lot Size | 7,532 | 5,828.075 |
| Price | $1.32M | $1.04M |
| Price per sq ft | $543 | $730 |
| Built year | 1954 | 1949 |
| HOA | $0 | $331 |
| Days on market | 5 | 49 |
Oct 23, 2026
$1,325,000
$1,395,000
-5% Price Drop
Initial Listing
Oct 20, 2026
$1,395,000
Initial Listing
Aug 11, 1995
$210,000
Public Record