
Long Beach, California 90807
This duplex represents a High-Potential Investment Opportunity, listed at a List Price of $998,000—positioned well below the $1,200,028 Fair Market Value by 16%. This valuation gap provides $202,028 in Instant Equity. Featuring a Condition Rating of 3, the property offers modernized interiors with Granite Kitchens and separate utility metering. Located in the desirable Bixby Knolls area, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property with significant long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 200 W 37th Subject | $998,000* List Price | 0 | 0 | 2,100 | $571 | - |
A 3581 Olive Avenue Sold | $1,110,000 | 0 | 0 | 1,808 | $614 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1962 but features a renovation likely performed within the last 5-15 years, including granite countertops, newer cabinetry, and stainless steel appliances. The units appear well-maintained, functional, and move-in ready.
Situated in the highly sought-after Bixby Knolls and Los Cerritos area, the property offers excellent proximity to major freeways, shopping, and dining, ensuring high tenant demand.
Both units feature updated kitchens with granite countertops, newer cabinetry, and stainless steel appliances, providing a turnkey solution for investors or owner-occupants.
The property includes separate electric and gas meters, in-unit laundry for both units, and en-suite bathrooms, which significantly enhances rental value and simplifies management.
The $324 monthly association fee adds a recurring overhead cost that may impact the overall net operating income and cash flow for an investor.
Built in 1962, the property may require ongoing maintenance or future capital improvements typical of older structures despite recent interior cosmetic updates.
This two-unit income property is located in the sought-after Bixby Knolls / Los Cerritos area in Long Beach. It is in the beautifully landscaped Country Club Village, which features a sparkling pool. Each spacious unit offers 2 bedrooms and 2 bathrooms. Both unit features an en-suite bath. Each unit has an in-unit washer and dryer, plus separate electric and gas meters. There is a fireplace in the living room. The open-plan kitchen has granite countertops, newer cabinets and stainless steel appliances. It offers convenient access to 405 and 710 freeways. And close to shopping and dining
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,100 | 2,300.724 |
| Lot Size | 6,148 | 5,277.379 |
| Price | $998.0K | $1.24M |
| Price per sq ft | $475 | $513 |
| Built year | 1962 | 1949 |
| HOA | $324.0 | $0 |
| Days on market | 28 | 74 |
Aug 12, 2026
$998,000
Initial Listing
Jul 22, 2015
$670,000
Public Record
Oct 14, 2008
$515,000
Public Record
Aug 24, 2006
$750,000
Public Record