148 E 36th Street, Long Beach, California 90807, Long Beach, 90807 - 0 bed, 0 bath
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Long Beach, California 90807
This Dual-Residence Income Property is a High-Potential Investment Opportunity, listed at $1,295,000—positioned well below the $1,446,873 Fair Market Value by 10%. This valuation gap provides $151,873 in Instant Equity. Featuring two separate homes on a massive 11,158 sq.ft. lot with independent meters, the property holds a Condition Rating of 4; the front home is modernized with a renovated kitchen and bathrooms, while the rear unit offers significant value-add potential. It is an exceptional acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting the Los Cerritos market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 148 E 36th Street Subject | $1,295,000* List Price | 0 | 0 | 3,069 | $471 | - |
A 3620 Country Club Drive Sold | $999,000 | 0 | 0 | 2,100 | $476 | 0.2 mi |
B 3622 Pacific Active | $1,495,000 List Price | 0 | 0 | 3,243 | $461 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of two residences where the front home features a newer roof and previously renovated kitchen and bathrooms with granite counters and custom tile; however, the styles are dated (early 2000s aesthetic) and the living areas contain worn red carpeting. The secondary rear unit is in original 1962 condition, and the 'as-is' sale status indicates that while the structures are functional, they require cosmetic updates and modernization to meet current market standards.
Featuring two completely separate homes on a single large lot with independent utility meters, this property is ideal for multi-generational living or generating significant rental income.
The rare 11,158 sq.ft. lot provides generous outdoor space for both units and includes three garage spaces plus three additional parking pads, a premium feature in Long Beach.
The front home offers peace of mind with a two-year-old roof, forced air heating and cooling, and recently modernized kitchen and bathrooms.
The rear home is in original condition, which will likely require a substantial capital investment to bring it up to modern standards and maximize its rental value.
The property is being sold in its current 'as-is' state, which may limit certain financing options and requires the buyer to assume all responsibility for future repairs.
2 Separate Homes on a 11,158 sq.ft. Lot. Owner's (Front) Home is 1,800 sq.ft. 3 bedrooms 2 bathrooms and a family room, double car garage and one additional parking pad. 2 year old roofs, Forced Air Heating and Cooling and recently tented. Upgraded Bathrooms and Kitchen and a Back Yard. Back Home (3590 Weston Place) is 1,269 sq.ft. 3 bedrooms 1 3/4 bathrooms, Forced Air Heating and a single car garage + 2 parking pads and side and back yards. Back Home is original. Each Home has Separate Electric, Gas and Water Meters. Property being sold in "as is" condition with seller's choice of services.
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 | 3,069 | 2,789.5 | 50% |
| Lot Size | 11,124 | 6,796.5 | 90% |
| Price | $1.29M | $1.29M | 50% |
| Price per sq ft | $422 | $410 | 50% |
| Built year | 1962 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 198 | 20% |
Apr 15, 2026
$1,295,000
Initial Listing