155 E Barclay, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$1,100,000
155 E Barclay, Long Beach, California 90805
0Bed
0Bath
2,586Sqft
5,030Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property features a 3-bedroom, 2-bath single-family residence in the front and three additional upgraded units in the rear, offering significant rental income potential to offset mortgage costs or provide substantial investment returns.
Top Cons:
Zoning/Permitting Discrepancy: The property is listed with a 'Duplex' sub-type, yet the description details a single-family residence plus three additional units (totaling 4 units), which could indicate unpermitted units or potential zoning compliance issues requiring further investigation.
Compared to the nearby listings
Price:$1.10M vs avg $949.2K (+$150,800)68%
Size:2,586 sqft vs avg 1,890 sqft77%
Price/sqft:$425 vs avg $50223%
More Insights
Built in 1947 (78 years old).
Condition: The property, built in 1947, shows a mix of updates and dated features. While the living room and some bedrooms have newer laminate flooring and recessed lighting, the kitchen features dated ceramic tile flooring and countertops, despite having updated white shaker cabinets and a stainless steel range. The dining room and bedrooms also have dated ceiling fans. Crucially, the presence of window AC units in the bedrooms indicates a lack of central air conditioning, which is a significant factor for a property of this age. The overall condition is maintained and livable, but it requires minor updates to modernize the kitchen and improve comfort with a central HVAC system.
Year Built
1947
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$425
HOA
-
Days on market
-
Sold On
-
MLS number
DW25241857
Home ConditionFair
Features
Patio
View-
About this home
Great Investment Opportunity in Long Beach! This is a fantastic property featuring a 3-bedroom, 2-bath single-family residence in the front, plus three additional upgraded units in a two-story building behind. The front home is in excellent condition and offers a formal dining room, spacious living room with a cozy fireplace, and good-sized bedrooms. The primary bedroom includes a private exit to the backyard, and there’s also a convenient laundry room and a large basement perfect for extra storage.The rear units have been upgraded and are currently rented at market rates. Tenants enjoy alley access, private parking, and a shared laundry area.Located in a great area of Long Beach, close to schools, shops, restaurants, and freeway access, this property is ideal for investors or owner-occupants. Live in the front home and let the rental income from the other three units help cover your mortgage! This is a rare opportunity that won’t last long—schedule your showing today!
Price History
Date
Event
Price
02/28/11
Sold
$340,000
Condition Rating
Fair
The property, built in 1947, shows a mix of updates and dated features. While the living room and some bedrooms have newer laminate flooring and recessed lighting, the kitchen features dated ceramic tile flooring and countertops, despite having updated white shaker cabinets and a stainless steel range. The dining room and bedrooms also have dated ceiling fans. Crucially, the presence of window AC units in the bedrooms indicates a lack of central air conditioning, which is a significant factor for a property of this age. The overall condition is maintained and livable, but it requires minor updates to modernize the kitchen and improve comfort with a central HVAC system.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features a 3-bedroom, 2-bath single-family residence in the front and three additional upgraded units in the rear, offering significant rental income potential to offset mortgage costs or provide substantial investment returns.
Upgraded & Market-Rate Rental Units: The three rear units have been upgraded and are currently rented at market rates, ensuring immediate and competitive income generation without requiring initial renovations for these units.
Owner-Occupant Flexibility: The configuration allows for an owner-occupant to live in the front home while benefiting from the rental income of the other three units, appealing to a broader range of buyers.
Desirable Long Beach Location: Located in a 'great area of Long Beach,' the property offers convenient access to schools, shops, restaurants, and freeway access, enhancing its appeal to both tenants and potential buyers.
Well-Maintained Front Residence: The front home is described as being in 'excellent condition' with attractive features such as a formal dining room, spacious living room with a fireplace, good-sized bedrooms, a private exit from the primary bedroom, a laundry room, and a large basement for storage.
Cons
Zoning/Permitting Discrepancy: The property is listed with a 'Duplex' sub-type, yet the description details a single-family residence plus three additional units (totaling 4 units), which could indicate unpermitted units or potential zoning compliance issues requiring further investigation.
Age of Construction (1947): Built in 1947, the property's age, despite some upgrades, suggests potential for older infrastructure (e.g., plumbing, electrical, foundation) that may require significant future maintenance or capital expenditures not explicitly detailed.
Limited Specifics on Upgrades & Systems: While 'upgraded' rear units and an 'excellent condition' front home are mentioned, the description lacks specific details on major system upgrades (e.g., HVAC, roof, electrical, plumbing) across all units, which is crucial for assessing long-term investment viability and maintenance costs.