1562 W 31st Street, Long Beach, California 90810, Long Beach, 90810 - bed, bath
ACTIVE$1,299,000
1562 W 31st Street, Long Beach, California 90810
0Bed
0Bath
2,138Sqft
6,334Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Investment Opportunity: This well-maintained 4-unit property, including a bonus studio, offers diverse income streams and strong potential for long-term value appreciation in a desirable market.
Top Cons:
Property Type Discrepancy: The property is listed as a 'Duplex' but described as a '4-unit property' with a 'bonus studio.' This inconsistency requires clarification regarding zoning and legal unit count, which could impact financing or future development.
Compared to the nearby listings
Price:$1.30M vs avg $870.0K (+$429,000)80%
Size:2,138 sqft vs avg 1,869 sqft60%
Price/sqft:$608 vs avg $53380%
More Insights
Built in 1938 (87 years old).
Condition: Despite being built in 1938, this property has undergone significant and recent upgrades, including a new roof and new solar panels, which are major system improvements. The front unit features updated granite countertops and stainless steel appliances in the kitchen, and an updated vanity in the bathroom. While some elements, particularly in the back units (e.g., older kitchen with tile countertops and white appliances) and general light fixtures, show their age, all units are described as 'thoughtfully updated and meticulously maintained' and 'move-in ready.' The property is functional and well-kept, requiring no immediate renovations, aligning with the 'Good' condition criteria.
Year Built
1938
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$608
HOA
-
Days on market
-
Sold On
-
MLS number
SB24214203
Home ConditionGood
Features
Deck
Patio
View-
About this home
This well-maintained 4-unit property offers an excellent investment opportunity in a prime location near Silverado Park, the 710 and 405 freeways, as well as local restaurants and hospitals. The front house features 2 bedrooms and 1 bath, with sleek granite countertops, stainless steel appliances, tile flooring in the kitchen and living areas, and original hardwood floors in the bedrooms. Recently upgraded with a new roof and new solar panels, this home is energy-efficient and move-in ready. The back units consist of two 2-bedroom, 1-bath units, one 1-bedroom, 1-bath unit, and a bonus studio—ideal for additional rental income or as a guest suite. All units are thoughtfully updated and meticulously maintained. The backyard offers a peaceful space with mature trees, while the front home enjoys its own private area for added privacy. Shared outdoor patio spaces provide a relaxing setting for entertaining. Located in a desirable Westside Long Beach neighborhood, this property presents a fantastic opportunity for investors seeking modern updates, convenience, and long-term value.
Nearby schools
5/10
Webster Elementary School
Public,•K-5•0.2mi
6/10
Garfield Elementary School
Public,•K-5•1.1mi
6/10
Dominguez Elementary School
Public,•K-5•1.5mi
5/10
Del Amo Elementary School
Public,•K-5•2.1mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•18.5mi
7/10
Muir K-8
Public,•K-8•0.2mi
5/10
Stephens Middle School
Public,•6-8•0.4mi
4/10
Hudson K-8
Public,•K-8•1.0mi
4/10
Andrew Carnegie Middle School
Public,•6-8•2.8mi
4/10
Rancho Dominguez Preparatory
Public,•6-12•1.4mi
3/10
Cabrillo High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
07/05/96
Sold
$155,000
01/05/21
Sold
$675,000
Condition Rating
Good
Despite being built in 1938, this property has undergone significant and recent upgrades, including a new roof and new solar panels, which are major system improvements. The front unit features updated granite countertops and stainless steel appliances in the kitchen, and an updated vanity in the bathroom. While some elements, particularly in the back units (e.g., older kitchen with tile countertops and white appliances) and general light fixtures, show their age, all units are described as 'thoughtfully updated and meticulously maintained' and 'move-in ready.' The property is functional and well-kept, requiring no immediate renovations, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Exceptional Investment Opportunity: This well-maintained 4-unit property, including a bonus studio, offers diverse income streams and strong potential for long-term value appreciation in a desirable market.
Significant Recent Upgrades: The property benefits from a new roof and new solar panels, enhancing energy efficiency and reducing future capital expenditures for the owner.
Prime & Convenient Location: Situated in Westside Long Beach, the property boasts proximity to Silverado Park, major freeways (710 & 405), local restaurants, and hospitals, appealing to a broad tenant base.
Modernized & Well-Maintained Units: All units are thoughtfully updated and meticulously maintained, with the front house featuring modern amenities like granite countertops, stainless steel appliances, and updated flooring.
Appealing Outdoor Living Spaces: The property offers a private area for the front home, a peaceful backyard with mature trees, and shared outdoor patio spaces, adding to tenant quality of life and property appeal.
Cons
Property Type Discrepancy: The property is listed as a 'Duplex' but described as a '4-unit property' with a 'bonus studio.' This inconsistency requires clarification regarding zoning and legal unit count, which could impact financing or future development.
Advanced Age of Structure: Built in 1938, despite recent upgrades, the property's age may lead to higher ongoing maintenance costs or unforeseen issues associated with older infrastructure compared to newer constructions.
Variable School District Performance: Some local schools have lower ratings (e.g., Cabrillo High School at 3/10), which might be a deterrent for prospective tenants or buyers prioritizing top-tier public education.