
Long Beach, California 90806
This Multi-Generational Residential Asset is a High-Potential Investment Opportunity, listed at $1,050,000—positioned well above the $998,115 Fair Market Value by -5%. Featuring a 3BR/3BA layout with dual kitchens and 7-car parking, the property offers significant ADU conversion potential on a large lot. While the home maintains a Condition Rating of 4, its flexible floor plan provides immediate rental income utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property in South Wrigley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1866 San Francisco Subject | $1,050,000* List Price | 3 | 3 | 1,985 | $503 | - |
A 2459 Maine Avenue Sold | $780,000 | 2 | 1 | 1,598 | $488 | 0.8 mi |
B 2289 Golden Avenue Avenue Sold | $880,000 | 2 | 1 | 1,602 | $549 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1940, the property features renovations that appear to be over 20 years old. While functional and move-in ready with newer vinyl windows and fresh paint, the kitchen cabinetry shows visible wear and the tile flooring and lighting fixtures are dated, falling into the 15-30 year renovation bracket.
The unique floor plan featuring two kitchens, two dining areas, and two family rooms provides exceptional flexibility for multi-generational living or immediate rental income potential.
The property boasts a detached two-car garage with rear alley access and an expansive lot, offering a prime opportunity for an ADU conversion to maximize property value and cash flow.
Rare for the area, this home offers parking for up to seven vehicles, including a gated rear area and a three-car front driveway, catering perfectly to large households or commuters.
The assigned high school has a low rating of 3, which may deter families prioritizing education and could impact future resale velocity.
The property offers no views, which may be a competitive disadvantage compared to other Long Beach listings that offer coastal or city light perspectives.
**Renovated 3BR/3BA South Wrigley Gem with ADU Potential & 7-Car Parking!**Perfectly located in South Wrigley, under 4 miles to Shoreline Village, the Queen Mary, shops, and dining. Near the 710, PCH, and Metro, this large-lot property is ideal for multi-generational living or rental income. This updated **3-bedroom, 3-bathroom** layout features a **living room, two family rooms, two kitchens, and two dining areas**. Enjoy fresh paint, a new front door, ceiling fans, and newer vinyl windows throughout. Flooring shines with a mix of beautiful tile and classic hardwood. The bright living room opens to a large covered patio and a massive backyard via French doors. The private primary suite boasts a remodeled tile bath, while the upstairs bedroom features a private balcony. Detached 2-car garage with rear alley access and an automated gate (fits 2 cars), plus 3-car front parking- perfect for an ADU conversion for extra family or cash flow! The buyer is strictly advised to confirm feasibility, zoning guidelines, and building requirements directly with the City of Long Beach. Buyer to perform their own due diligence.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,985 | 1,556.5 |
| Lot Size | 6,294 | 5,910 |
| Price | $1.05M | $1.02M |
| Price per sq ft | $529 | $721 |
| Built year | 1940 | 1949 |
| HOA | $0 | $240 |
| Days on market | 39 | 46 |
Jun 13, 2026
$1,050,000
Initial Listing
Aug 10, 2006
$539,000
Public Record
Jan 13, 2006
$403,000
Public Record
Oct 21, 1999
$185,000
Public Record
Oct 27, 1995
$135,000
Public Record