
Long Beach, California 90806
This Income-Producing Triplex represents a Strong Value Opportunity listed at $879,000—positioned well below the $962,889 Fair Market Value by 8%. This valuation gap provides $83,889 in Instant Equity for the incoming owner. Currently holding a Condition Rating of 4, the 1923 vintage units feature Private Garages and Individual Yards, offering a rare single-family feel that drives tenant stability. Located near Polytechnic High School, this asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1876 Myrtle Subject | $879,000* List Price | 0 | 0 | 2,400 | $401 | - |
A 2430 Atlantic Avenue Sold | $727,500 | 0 | 0 | 2,342 | $311 | 0.7 mi |
B 1990 Cedar Avenue Sold | $1,045,000 | 0 | 0 | 2,516 | $415 | 0.8 mi |
C 410 E 21st Street Active | $860,000 List Price | 4 | 2 | 1,931 | $445 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1923 triplex is well-maintained for its age but shows clear signs of being outdated. The kitchen features older painted cabinetry and dated tile countertops, while the interiors retain vintage hardwood flooring and older fixtures. While functional and currently occupied, the property has not undergone a recent comprehensive renovation and requires cosmetic and system updates to meet modern quality standards.
Each of the three units features its own private garage and separate yard area, offering a rare 'single-family home feel' that promotes long-term tenant stability and higher desirability.
Situated in the established Poly High neighborhood near downtown Long Beach, the property benefits from proximity to high-rated schools and essential amenities, ensuring consistent rental demand.
With a solid income stream and a layout that appeals to both new and seasoned investors, this triplex represents a stable addition to a portfolio in a high-growth Southern California market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 2352.
The property will not be delivered vacant, which may complicate immediate renovations or rent adjustments to current market rates for the new owner.
Built in 1923, the century-old structure may require significant capital expenditures for modernizing systems or addressing age-related maintenance issues.
This triplex offers an excellent investment opportunity in one of Long Beach’s desirable and established residential neighborhoods. Situated on a single lot, the property features three individual units, each with its own private garage and separate yard area, providing tenants with added convenience, privacy, and a single-family home feel—an attractive feature that helps support long-term tenancy and rental stability. This property is ideal for investors who are just beginning their real estate investment journey, as well as seasoned investors seeking to add a solid, income-producing asset to their portfolio. The units will not be delivered vacant but the seller may consider relocation assistance. Located in a quiet and well-established area of Long Beach, the surrounding neighborhood is primarily composed of single-family homes and other well-maintained residential income properties, contributing to the area’s overall stability and desirability. The property is conveniently located near shopping centers, restaurants, schools, and essential services, and offers easy access to downtown Long Beach, where tenants can enjoy dining, entertainment, and coastal attractions. With its strong location, private garages, individual yard spaces, and reliable income stream, this triplex represents a rare opportunity to acquire a versatile and appealing investment property in one of Southern California’s most dynamic rental markets.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
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 | 2,400 | 2,458 | 50% |
| Lot Size | 5,918 | 5,365 | 50% |
| Price | $879.0K | $1.00M | 40% |
| Price per sq ft | $366 | $415 | 40% |
| Built year | 1923 | 1935 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 214 | 20% |
Feb 20, 2026
$879,000
Initial Listing